Abracadabra DAO, which once held over $6 billion in total value locked (TVL), has passed a controversial proposal to wind down its protocol. The move follows a second vote with reduced quorum requirements. The proposal suggests Magic Internet Money (MIM) stablecoin holders will receive approximately 4 cents on the dollar, despite MIM's 22 million supply having an actionable backing of only $900,000. The voting process itself was contentious, with votes cast directly from the MIM Treasury address and questions raised about unexplained outflows.