Abracadabra initiates a shutdown agreement and proposes to liquidate MIM, resulting in bad debts of approximately $21 million

Abracadabra initiated a proposal to shut down the agreement and liquidate MIM's snapshot. The agreement has approximately $21 million in bad debts, and MIM's effective support is less than $0.04 per item. At present, the total amount of MIM collateral is about 1.2 million US dollars, of which about 300000 US dollars are stored in the Arbitrarum WETH guarantee pool, and the executable guarantee is about 900000 US dollars. The proposal states that SPELL does not have accounting value. The voting started at 13:24 (UTC+8) on September 29th and ended at 01:24 (UTC+8) on September 30th. Currently, one address has pledged about 100 million SPELLs in favor, while another address has pledged about 523000 SPELLs against.