MIM: Drops 36% to 0.5 on Depeg
MIM drops 36% to 0.5 as MIM_Spell hikes rates across Cauldrons to cut supply and restore peg.
SourceAnalysis
MIM plunged 36% to 0.5 triggering emergency rate increases on all Cauldrons by MIM_Spell to shrink supply and force borrowers back to peg amid the stablecoin depeg event.
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