💀 DeFi feverish - another $285,000,000 is under threat...

➠ Stream Finance reported a loss of funds of $93m.

➠ YieldsAndMore analysts believe that Stream Finance’s problems carry a potential risk for $285m assets in the DeFi ecosystem.

➠ Stream funds were distributed over many DeFi protocols - Elixir, TelosC, MEV Capital, Morpho, Silo, Euler and others.

➠ Money passed through synthetic tokens #xUSD, #xBTC and #xETH, which were used as collateral on different platforms and repeatedly redistributed between them.

➠ Most under the sights are: TelosC - potentially can lose $123.6m, Elixir - $68m, MEV Capital - $25.4m.

➠ Elixir’s situation is particularly alarming - about $68m, or 65% of their stablecoin deUSD reserves, are placed in Stream Finance and are now blocked. Refunds are suspended while legal review is underway.

➠ The risk map is incomplete, new points of infection may appear as items are liquidated and contracts are audited.

➠ The Stream incident was the third major blow to DeFi in a week

@Сryptoz ₿