Abra is rekt.
There is 12 million dollars in bad debt. Thats total wiped out money from UST cauldrons.
Check it out under borrow section.
Maybe there’s more.
There is 420 million MIM borrowed from Cauldrons. Why does etherscan so like more than a billion?
Is this another UST?
Abra lives off Wonderland.
Putting WL in risk to cover liquidations.
Forcing Wonderland to hold MIM.
Forcing Wonderland to hold Spell.
Spell wont go up. Its going to zero.