The Abracadabra community has initiated a new proposal for the "Adjustment of CRV Cauldrons Interest Rates."

ChainCatcher message, the Snapshot voting page shows that the issuer of the algorithmic stablecoin MIM, the Abracadabra community, is voting on the proposal for "further revision of interest rates." This proposal is a revised version of the "adjustment of CRV cauldrons interest rates" proposal, and the voting will end on August 6.

The revised proposal was put forward by Abracadabra whale masterofdisaster.eth, who previously voted against the initial proposal with 10 billion SPELL, accounting for nearly 100% of all opposing votes. He stated, "I believe that the completed repayments and the potential increase in CRV liquidity require a change to the proposed interest increase. Therefore, I voted against the previous proposal and proposed new terms."

It is reported that compared to the original proposal, the new proposal modifies the scope of the unpaid principal and the corresponding base interest rate, with the proposed base interest rate being lower than before. The interest rate multiplier has been replaced by the range of interest rate changes and the ability to affect the overall base interest rate.