Abracadabra takes emergency action as MIM stablecoin depeg worsens

60-second summary

Abracadabra is taking emergency action as the MIM stablecoin depeg worsens, raising interest rates across all Cauldrons to encourage debt repayment and reduce supply. Rates are being increased to incentivize users to repay their debts, which should help alleviate the pressure on the stablecoin's peg. This move aims to stabilize the MIM price and restore confidence in the protocol.