Oh!!
It's still around?

Magic Internet Money (MIM)
Magic Internet Money MIM Price History USD
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We're acutely aware of the $MIM depeg and are taking emergency actions to remedy the situation.
Effective immediately, we will begin gradually increasing interest rates across all Cauldrons, including deprecated markets, to encourage debt repayment and reduce outstanding $MIM supply.
The current depeg creates a natural incentive for borrowers to repay debt at a discount, accelerating supply contraction and strengthening the path back to peg.
Direct incentives will be temporarily stopped as well as Curve bribes until $MIM returns to peg.
Our priority is simple: restore confidence, improve market structure, and return $MIM to a healthy (and liquid) peg.
Additional recovery initiatives are being evaluated and will be communicated as they are finalized.
Thank you to everyone supporting the ecosystem during this period.
🧙
Another one bite the dust.
But this one is solvent ?
Maybe an opportunity?
Remember when $MIM was a multi Billion supply stablecoin.
We're acutely aware of the $MIM depeg and are taking emergency actions to remedy the situation.
Effective immediately, we will begin gradually increasing interest rates across all Cauldrons, including deprecated markets, to encourage debt repayment and reduce outstanding $MIM supply.
The current depeg creates a natural incentive for borrowers to repay debt at a discount, accelerating supply contraction and strengthening the path back to peg.
Direct incentives will be temporarily stopped as well as Curve bribes until $MIM returns to peg.
Our priority is simple: restore confidence, improve market structure, and return $MIM to a healthy (and liquid) peg.
Additional recovery initiatives are being evaluated and will be communicated as they are finalized.
Thank you to everyone supporting the ecosystem during this period.
🧙
Blockaid issued a community alert stating that the stablecoin Magic Internet Money (MIM) experienced a depeg on the Arbitrum network, with the price in executable transaction paths briefly dropping to the $0.91–$0.92 range. Blockaid indicated that this deviation was mainly caused by insufficient liquidity pool depth and liquidity imbalance on Arbitrum. https://t.co/nN3XcTyUqv
Price Prediction
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Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
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