A dai like algorithmic stablecoin that is meant to equal $1, Mim, is seeing its peg come under pressure following a crash in the price of eth and many tokens.
Unlike dai where you have plain eth or USDc deposited to get $1 dai, in Magic Internet Money (MIM) you go one turtle down by first depositing eth to a Yearn pool to get yvWETH, so called interest-bearing tokens (ibTKN).
Gain access.
