MoeCrypto
🤔 Stream Finance: yesterday, the external fund manager overseeing Stream's funds reported the loss of $93 million in fund assets. In response, Stream is bringing in experts to fully investigate the incident. Meanwhile, the depeg has increased to 57%.
🏴☠️ #XUSD DeFi-analyst YieldsAndMore mapped the risks associated with Stream Finance's $93 million loss and said that hundreds of millions of dollars in loan and collateral positions could be indirectly affected across lending, stablecoin and liquidity pool networks.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
MoeCrypto
🤔 #BAL Balancer: we are aware of a potential threat affecting Balancer v2 pools. Our teams are conducting an investigation. We will announce next steps as soon as we have more information.
🇺🇸🍿 The US Congress has introduced a bill to ban the use of public office for personal enrichment through cryptocurrency projects and call for measures to prevent conflicts of interest and foreign influence on politicians with digital assets.