POPA ReconAbracadabra: proposal for an orderly wind down of MIM and Abracadabra
Abracadabra: proposal for an orderly wind down of MIM and Abracadabra Multiple hacks have left MIM too underbacked to regain its peg, so it plans to wind down the protocol and distribute reclaimed collateral to users and MIM holders Source
The excerpt is quoted from a public Telegram channel, which owns its text.