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Magic Internet Money

Magic Internet Money is a crosschain stablecoin that can be minted via providing various collaterals.

ProtocolEthereumSPELL
Quiet52out of 100

as of 19 October 2026

Verdict

Quiet: proposals still appear, and most of them fail to reach the quorum the organization set for itself.

Key figures

Total treasury
$3.2m
DefiLlama · 19 Oct 2026
Held in own token
0.0%
DefiLlama · 19 Oct 2026
Proposals (90 days)
2
Snapshot · 19 Oct 2026
Proposals reaching quorum
33%
Snapshot · 19 Oct 2026
Distinct voters
5
Snapshot · 19 Oct 2026
Days since last decision
5
Snapshot · 19 Oct 2026

Health breakdown

Activity

30% of the score73

Activity is steady: 2 proposals in the last 90 days, against 3 over the year.

Snapshot

Participation

30% of the score25

Participation is low: only 33% of recent proposals reached their quorum.

Snapshot

Treasury diversification

20% of the score100

100% of the treasury is held in assets other than the organization's own token.

DefiLlama

Vote decentralization

20% of the score15

Only 5 addresses voted across the last three settled proposals.

Snapshot

What moved the score

  • Treasury diversification100
  • Participation25
  • Vote decentralization15

What changed

  • 16 Oct 2026Status changed from Active to Quiet.
  • 16 Oct 2026Health score fell from 64 to 52.
  • 14 Oct 2026Treasury rose from $1.8m to $3.3m.
  • 14 Oct 2026One new proposal.
  • 12 Oct 2026Status changed from Quiet to Active.

Treasury

Treasury composition by asset class
Own token$1650.0%
Stablecoins$87.2k2.7%
Other major assets$3.1m96%
Other$37.5k1.2%

Treasury values move with token prices. See the daily history for how this figure has changed.

Governance activity

Proposals per month

Text version of this chart
Proposals per month
2026-061
2026-091
2026-101

Health score over the last year

Text version of this chart
Health score over the last year
DateValue
1 Sept 202651
2 Sept 202651
3 Sept 202651
4 Sept 202651
5 Sept 202651
6 Sept 202651
7 Sept 202651
8 Sept 202651
9 Sept 202651
10 Sept 202651
11 Sept 202651
12 Sept 202651
13 Sept 202651
14 Sept 202651
15 Sept 202651
16 Sept 202651
17 Sept 202651
18 Sept 202651
19 Sept 202651
20 Sept 202651
21 Sept 202651
22 Sept 202651
23 Sept 202651
24 Sept 202651
25 Sept 202651
1 Oct 202663
2 Oct 202659
3 Oct 202659
4 Oct 202659
5 Oct 202659
6 Oct 202659
7 Oct 202659
8 Oct 202659
9 Oct 202659
10 Oct 202659
11 Oct 202659
12 Oct 202662
13 Oct 202662
14 Oct 202664
15 Oct 202664
16 Oct 202652
17 Oct 202652
18 Oct 202652
19 Oct 202652

Recent proposals

  1. Refined proposal for an orderly wind down of MIM and Abracadabra

    13 Oct 2026
    Off-chain voteQuorum not metProposals reaching quorum: 13%View the original

  2. Proposal for an orderly wind down of MIM and Abracadabra

    29 Sept 2026
    Off-chain voteQuorum not metProposals reaching quorum: 3.4%View the original

  3. Proposal for the Strategic Transition and Stewardship of Abracadabra and $SPELL

    2 Jun 2026
    Off-chain voteClosedProposals reaching quorum: 100%View the original

Participation and power

Top voters in recent votes

  1. 10x9365…fE3547%
  2. 20x350D…680B45%
  3. 30xDF2C…126B4.9%
  4. 40xE843…9A583.3%
  5. 50x8271…3BEb0.0%

Addresses are shown as the source publishes them. daohaus.com makes no attempt to identify the people behind them.

Snapshot · 19 Oct 2026

Sources and verification

Every figure on this page was read from one of these. Each row links to the page a person can check.

SourceReadWhen
SnapshotProposals and votes19 Oct 2026, 03:04 UTC
SnapshotVoting power by address19 Oct 2026, 03:04 UTC
DefiLlamaTreasury composition19 Oct 2026, 03:04 UTC

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