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Depeg event
Detected under v6.06
MIM moved below peg at 16:51 UTC on June 8, 2026, with a peak deviation of 92.0% at $0.0799. The observation remains ongoing.
The checked-in price path starts at $0.9895 against a recorded peg reference of $0.9999. Pharos captured the incident through live monitoring and evaluates it under v6.06. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
Related incidents
Other recent peggedUSD depegs
Other cdp incidents
Stablecoin
Magic Internet Money (MIM) →MIM is Abracadabra's CDP-style stablecoin minted against interest-bearing tokens and crypto collateral in cauldron vaults, with automatic liquidations.
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