TechFlow news, November 4 — According to The Block, an independent decentralized finance analyst has uncovered a complex network of exposures following Stream Finance's $93 million loss, potentially indirectly impacting millions of dollars in loans and collateral positions.
According to analysis by the YieldsAndMore analyst team, Stream’s debt spans at least seven networks and involves multiple counterparties including Elixir, MEV Capital, Varlamore, TelosC, and Re7 Labs. Stream-related xUSD, xBTC, and xETH token assets have been repeatedly re-mortgaged across protocols such as Euler, Silo, Morpho, and Sonic, amplifying potential contagion risks within the decentralized finance ecosystem.
YAM estimates that Stream-related debt totals approximately $285 million, with the largest single exposure belonging to Elixir’s deUSD, which lent $68 million in USDC to Stream—accounting for about 65% of deUSD’s total backing. The Stream team has informed creditors that repayments are suspended pending legal review.
