PANews reported on November 4 that Sui ecosystem lending protocol Suilend posted on the X platform that it is closely monitoring the massive losses of Stream Finance. It is understood that the largest single risk exposure of its $93 million loss is Elixir's deUSD, in which the protocol lent $68 million USDC to Stream, accounting for about 65% of the total deUSD reserves. SuiLend added that deposits and withdrawals to the Elixir marketplace on its platform are currently suspended, and the company has contacted the Elixir team to request loan repayments. SuiLend's other lending marketplaces remain unaffected and safe. According to previous reports , analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million.PANews reported on November 4 that Sui ecosystem lending protocol Suilend posted on the X platform that it is closely monitoring the massive losses of Stream Finance. It is understood that the largest single risk exposure of its $93 million loss is Elixir's deUSD, in which the protocol lent $68 million USDC to Stream, accounting for about 65% of the total deUSD reserves. SuiLend added that deposits and withdrawals to the Elixir marketplace on its platform are currently suspended, and the company has contacted the Elixir team to request loan repayments. SuiLend's other lending marketplaces remain unaffected and safe. According to previous reports , analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million.
SuiLend: Closely monitoring the massive losses at Stream Finance, and has contacted Elixir to request loan repayment.
PANews reported on November 4 that Sui ecosystem lending protocol Suilend posted on the X platform that it is closely monitoring the massive losses of Stream Finance. It is understood that the largest single risk exposure of its $93 million loss is Elixir's deUSD, in which the protocol lent $68 million USDC to Stream, accounting for about 65% of the total deUSD reserves.
SuiLend added that deposits and withdrawals to the Elixir marketplace on its platform are currently suspended, and the company has contacted the Elixir team to request loan repayments. SuiLend's other lending marketplaces remain unaffected and safe.
According to previous reports , analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million.
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