Derived from HashNews, a DeFi investigation has uncovered over $284 million in stablecoin exposure and outstanding loans tied to the collapsed lending protocol Stream Finance. DeFi research team Yields and More (YAM) detailed the complex interconnections across platforms like Euler, Silo, Morpho, and Gearbox, which hold positions in Stream’s synthetic assets such as xUSD, xBTC, and xETH. The exposure includes $123 million at risk for TelosC and $68 million in stablecoin-backed loans from Elixir. The report highlights the cascading risks across multiple markets and the unclear liability distribution due to layered exposure through lending markets and derivative stablecoins. Stream Finance previously halted deposits and withdrawals after a $93 million loss attributed to an external fund manager and has yet to provide a timeline for resuming operations.
DeFi Probe Reveals $284M Stablecoin Exposure Linked to Collapsed Stream Finance
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