MIM Stablecoin Slips From Peg As Abracadabra Liquidity Stress Returns
Magic Internet Money has slipped from its greenback peg once more, placing Abracadabra liquidity and Curve pool stability again beneath stress. TL;DR MIM has traded under its meant $1 peg throughout renewed liquidity stress. Curve pool knowledge is central to judging the dimensions of the imbalance. The episode revives considerations round smaller stablecoins and DeFi…