According to a report by The Block on November 4th, according to TechFlow TechFlow, independent decentralized finance analysts have discovered a complex network of exposures that could indirectly affect millions of dollars in loan and collateral positions after Stream Finance suffered a $93 million loss.
According to analysis by the YieldsAndMore analyst team, Stream's debt spans at least seven networks, involving multiple counterparties including Elixir, MEV Capital, Varlamore, TelosC, and Re7 Labs. Stream-related xUSD, xBTC, and xETH tokens have been repeatedly staked in protocols such as Euler, Silo, Morpho, and Sonic, amplifying the potential contagion risk in the decentralized finance (DeFi) sector.
YAM estimates Stream's total debt at approximately $285 million, with the largest single exposure being Elixir's deUSD, which lent Stream $68 million in USDC, representing about 65% of the total deUSD backing. The Stream team has informed creditors that repayments are suspended pending legal review.
