The Abracadabra community has passed the AIP 13.4 proposal for "Emergency Freeze of CRV Market Liquidation."

ChainCatcher news, according to the Snapshot page, the algorithmic stablecoin MIM issuer Abracadabra community passed the "Emergency Freeze CRV Market Liquidation" AIP 13.4 proposal with a 100% support rate. This proposal suggests fixing the price of the cauldron oracle in extreme CRV liquidity conditions to optimize the value of the DAO and avoid liquidation in a chain reaction.

It is reported that the purpose of this proposal is to grant Abracadabra DAO the authority to timely replace the existing oracle responsible for pricing CRV tokens in the event of a chain event. By making timely replacements, the DAO can effectively extract and securely store CRV tokens in the vault, ensuring their safety and minimizing potential risks associated with chain events.