AIP #65 has passed, marking the discontinuation of support of Abracadabra products on the Fantom ecosystem now that Sonic is launched.
The Fantom ecosystem has 4 cauldrons deployed, which have been deprecated for more than 2 years now and with less than 110k MIM minted against it.
Important Deadlines👇🏻
1️⃣ March 4th – Any unclosed Cauldron positions will face liquidation. 2️⃣ April 11th – MIM on Fantom must be bridged back before this date, as it will no longer be redeemable for ETH afterward.
If you have an open position on the Fantom deprecated markets, please make sure to close it at your earliest convenience to avoid liquidation.
Regarding Fantom SPELL which was affected by the Multichain exploit, recovery efforts will be addressed in a separate proposal subject to DAO approval.
Following the successful passing of SAIP #54.3, the Minimum Collateral Ratio (MCR) for our $sdeUSD cauldrons has been raised to 90%, making all open positions healthier!✅🔥👇🏻🏛️
https://t.co/Qjpwpx45ls
1.22m $MIM are available to be looped up, with further top ups ready to go!👀👇🏻
Wanna look for some of the best stablecoin yields in defi?👀
Bring your $DAI, $USDT and $USDC over to the $MIM-3Crv pool on @CurveFinance and stake it on @StakeDAOHQ for boosted rewards in $CRV and $CVX and a current APY of 58.77%!
Step 1️⃣: Deposit your stables on @CurveFinance 👇🏻
https://t.co/ncK4dnjPjN
Step 2️⃣: Take your Curve LP tokens and stake them on @StakeDAOHQ 👇🏻
Our brand new USD0++ cauldron in partnership @usualmoney is now live!🔮
Use USD0++ as collateral to mint $MIM and leverage up your pills earning!🔥
Join it now!👇🏻
https://t.co/xix3YCnSEY
Leverage pills farming cauldrons are expected to be selling out fast, so make sure you grab your spot asap and turn on notifications for future top ups!👀🔮
With our cauldron offering up to 29.9x Potion rewards (compared to the usual 5x boost), this continues to be the best opportunity for earning @elixir potions! 🧪
Deposit your sdeUSD in the cauldron today and be ready for tomorrow's top up: 🔮