Stream Finance has fully unwound its $75M leveraged position in mHYPER. The protocol no longer has any exposure to mHYPER or any mHYPER-related markets on Morpho. mHYPER has processed over $150M in redemptions in the past 48 hours. Both the mHYPER Vault on Midas and the Hyperithm USDC Vault on Morpho remain healthy, with no bad debt risk and no impact on liquidity or operations.
Hyperithm
@hyperithm
11-04
Stream Finance has announced the insolvency of its protocol. This statement aims to address Stream Finance’s position with mHYPER and provide clarity to holders.
Stream Finance is a yield-aggregating platform that allocates capital across various on-chain and off-chain x.com/StreamDefi/sta…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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