MIM + Its Peg
In this dashboard, we will take a look at pegging(😈) of $MIM and other stablecoins. One of the main performance index for a stablecoins is its "peg-ness" to the fiat USD 1:1 so the price of stablecoins has to be as close as possible to 1. However, we have seen many drama regarding $MIM, Abracadabra and its founder, Daniele Sesta which has seen people dumping their $MIM for other coins. This sudden volume inflow/outflow will cause the price to peg.