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High yields to haircuts: Has DeFi learned anything from yield vault collapse?

The fallout from Stream Finance’s meltdown is still being cleaned up. Have risk curators, lending platforms, or DeFi users learned anything?

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 •

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

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