{
  "version": 1,
  "event_id": "evt_7240d43ce6617553",
  "url": "https://xiyu.news/events/evt_7240d43ce6617553/",
  "json": "https://xiyu.news/api/events/evt_7240d43ce6617553.json",
  "type": "governance",
  "status": "developing",
  "category": "crypto",
  "title": {
    "zh": "Abracadabra提议以每美元四美分的价格清盘MIM",
    "en": "Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar"
  },
  "current_state": {
    "zh": "Abracadabra 关停协议并清算 MIM 的 Snapshot 投票已开启，投票期为 2026-09-29 05:24 UTC 至 2026-09-30 17:24 UTC；已有赞成与反对票，提案称约 2100 万美元坏账、约 90 万美元可执行担保、MIM 有效支持低于 0.04 美元，并称 SPELL 价值清零。",
    "en": "The Abracadabra Snapshot vote to shut down the protocol and liquidate MIM is open from 2026-09-29 05:24 UTC to 2026-09-30 17:24 UTC; votes for and against have been cast; the proposal cites ~$21M bad debt, ~$900K executable collateral, sub-$0.04 effective MIM backing, and declares SPELL valueless."
  },
  "first_seen_at": "2026-09-30T02:19:40.260270+00:00",
  "last_updated_at": "2026-09-30T10:38:05.142841+00:00",
  "last_material_change_at": "2026-09-30T10:38:05.142841+00:00",
  "confidence": 0.75,
  "updates_count": 2,
  "sources_count": 2,
  "entities": [
    "abracadabra",
    "cents",
    "dollar",
    "down",
    "four",
    "mim",
    "proposes",
    "winding"
  ],
  "identifiers": [],
  "topics": [
    "abracadabra",
    "insolvency",
    "mim"
  ],
  "updates": [
    {
      "update_id": "upd_abb862acfacca743",
      "event_id": "evt_7240d43ce6617553",
      "occurred_at": "2026-09-30T02:13:52Z",
      "published_at": "2026-09-30T02:13:52Z",
      "first_seen_at": "2026-09-30T02:19:40.260270Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "Abracadabra提议以每美元四美分的价格清盘MIM",
      "title_en": "Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar",
      "what_changed_zh": "Abracadabra已提议进行Snapshot投票以清算该协议，将剩余抵押品兑换为以太币并按比例支付给MIM持有者，而可回收的支持资产仅约90万美元，对应2100万美元的坏账——约为每美元四美分。",
      "what_changed_en": "Abracadabra has proposed a Snapshot vote to liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata, with only about $900,000 of recoverable backing against $21 million in bad debt — roughly four cents on the dollar.",
      "current_state_zh": "Abracadabra已提议进行Snapshot投票以清算该协议，将剩余抵押品兑换为以太币并按比例支付给MIM持有者，而可回收的支持资产仅约90万美元，对应2100万美元的坏账——约为每美元四美分。",
      "current_state_en": "Abracadabra has proposed a Snapshot vote to liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata, with only about $900,000 of recoverable backing against $21 million in bad debt — roughly four cents on the dollar.",
      "detailed_summary_zh": "Abracadabra has proposed a Snapshot vote to liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata, with only about $900,000 of recoverable backing against $21 million in bad debt — roughly four cents on the dollar.",
      "detailed_summary_en": "Abracadabra has proposed a Snapshot vote to liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata, with only about $900,000 of recoverable backing against $21 million in bad debt — roughly four cents on the dollar.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.75,
      "story_ids": [
        "rss:thedefiant.io_api_feed:adeea24297c59518"
      ],
      "sources": [
        {
          "url": "https://thedefiant.io/news/defi/abracadabra-proposes-winding-down-mim-at-four-cents-on-the-dollar",
          "label": "The Defiant",
          "source_type": "rss",
          "official": false
        }
      ]
    },
    {
      "update_id": "upd_689e9d2b81440075",
      "event_id": "evt_7240d43ce6617553",
      "occurred_at": "2026-09-30T02:32:43Z",
      "published_at": "2026-09-30T02:32:43Z",
      "first_seen_at": "2026-09-30T10:38:05.142841Z",
      "time_precision": "published",
      "update_type": "escalation",
      "material_change": true,
      "title_zh": "【Abracadabra 发起关停协议并清算 MIM 的提案投票，协议坏账约 2100 万美元】",
      "title_en": "【Abracadabra 发起关停协议并清算 MIM 的提案投票，协议坏账约 2100 万美元】",
      "what_changed_zh": "Snapshot 投票已开启：投票于 2026-09-29 05:24 UTC 开始、2026-09-30 17:24 UTC 结束；已有两地址投票，一地址质押约 1 亿 SPELL 赞成，另一地址质押约 52.3 万 SPELL 反对；提案还称 SPELL 价值清零，MIM 债务优先级高于 SPELL。",
      "what_changed_en": "The Snapshot vote is now open: it began 2026-09-29 05:24 UTC and ends 2026-09-30 17:24 UTC; two addresses have voted, one staking ~100M SPELL in favor and one staking ~523K SPELL against; the proposal also declares SPELL valueless and subordinate to MIM debt.",
      "current_state_zh": "Abracadabra 关停协议并清算 MIM 的 Snapshot 投票已开启，投票期为 2026-09-29 05:24 UTC 至 2026-09-30 17:24 UTC；已有赞成与反对票，提案称约 2100 万美元坏账、约 90 万美元可执行担保、MIM 有效支持低于 0.04 美元，并称 SPELL 价值清零。",
      "current_state_en": "The Abracadabra Snapshot vote to shut down the protocol and liquidate MIM is open from 2026-09-29 05:24 UTC to 2026-09-30 17:24 UTC; votes for and against have been cast; the proposal cites ~$21M bad debt, ~$900K executable collateral, sub-$0.04 effective MIM backing, and declares SPELL valueless.",
      "detailed_summary_zh": "Abracadabra has opened a Snapshot vote to shut down the protocol and liquidate MIM, disclosing about $21M in bad debt, only ~$900K in executable collateral and sub-$0.04 effective backing for the stablecoin, with SPELL declared valueless.",
      "detailed_summary_en": "Abracadabra has opened a Snapshot vote to shut down the protocol and liquidate MIM, disclosing about $21M in bad debt, only ~$900K in executable collateral and sub-$0.04 effective backing for the stablecoin, with SPELL declared valueless.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 8.0,
      "references": [],
      "confidence": 0.95,
      "story_ids": [
        "telegram:foresightnews:119450"
      ],
      "sources": [
        {
          "url": "https://foresightnews.pro/news/h5Detail/114289",
          "label": "foresightnews",
          "source_type": "telegram",
          "official": false
        }
      ]
    }
  ]
}
