Bitcoin24h $105,915.96+4.02%

Ethereum24h $3,629.34+7.36%

XRP24h $2.42+6.73%

BNB24h $1,010.79+2.38%

Solana24h $167.25+7.00%

TRON24h $0.2917+0.69%

Dogecoin24h $0.1808+4.52%

Cardano24h $0.5836+5.19%

Hyperliquid24h $42.35+6.41%

Chainlink24h $16.18+6.40%

Stream Finance meltdown: winners and losers in DeFi ‘risk curator’ reckoning •

The recent depeg of Stream Finance’s xUSD has led to concerns over the health of an interwoven ecosystem of similar high-yield vaults.

Live reporting •

Stream Finance halts withdrawals after $93M loss, xUSD depegs 75%

DeFi platform Stream Finance has halted deposits and withdrawals in response to the loss of $93M of “Stream fund assets.”

Live reporting •

The exploit, which hit Balancer’s v2 liquidity pools on multiple blockchains, reportedly affected projects that “forked” the exchange’s code.

Critics of DeFi yield farming projects claim they created a “daisy chain” by recursively lending funds between one another to inflate TVL.

Ledger fine print revealed that the “free” service would cost $10 per transaction or 0.05% of the amount transferred, on top of gas costs.