According to The Defiant, yield optimizer Stream Finance disclosed a $93 million loss, causing its stablecoin xUSD to depeg by 73% to $0.27. The incident has triggered concerns over contagion in the DeFi market, with an estimated $285 million in debt linked to Stream’s xUSD, xBTC, and xETH across multiple protocols. Notable platforms like Telos and Elixir account for $190 million of this debt, and protocols such as Euler and Morpho have seen TVL drops of $400–600 million. Some users were unaware of their exposure, and criticism has emerged over the lack of transparency and risk oversight in the DeFi ecosystem.
Stream Finance Discloses $93M Loss, xUSD Depegs to $0.27 as DeFi Market Reacts
The DefiantShare
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