MIM's stabilization mechanism
Blog iconhabafx06
Oct 18
MIM is similar to DAI in terms of its stability mechanism. It mainly comes from over-collateralization and minting interest rate (similar to DAI's stability fee). Over-collateralization ensures that there is sufficient asset support behind MIM, and minting interest rate is used to control the cost of funds of MIM. This will affect the balance of MIM's currency supply and demand. Unlike DAI, Abracadabra does not have a stablecoin deposit module (DSR). In addition, MIM will charge a o...

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