Stream Finance Starts Creditor Data Collection: $285M Complex Debt, xUSD Down 92%

Defunct DeFi yield protocol Stream Finance has initiated creditor information collection via an online form, preparing for a 'potential global solution.' Estimated direct debt exposure stands at $285 million, split between direct holders of xUSD/xBTC/xETH and institutional lenders via Euler, Morpho, and other protocols. The largest curator, TelosC, has $124 million exposure; Elixir holds $68 million (65% of its deUSD reserves). xUSD currently trades at $0.08, an 92% drop from peg. Stream is also in legal dispute with former operator Caleb McMeans and previously disclosed a $93 million loss by an external fund manager in November last year, causing the depeg and freezing $160 million in deposits.