Stream Financ2026-06-30 03:31:20Defunct DeFi Protocol Stream Finance Initiates Creditor Information Collection, Total Debt Exposure ~$285MStream Finance, the defunct DeFi yield protocol, has started collecting creditor information via an online form, preparing for a potential global resolution. The debt structure involves two classes: direct holders of xUSD/xBTC/xETH and institutional lenders on platforms like Euler, Morpho, Silo, and Gearbox. Research firm Yields and More estimates direct debt exposure at approximately $285 million, with the largest curator TelosC accounting for $124 million and Elixir $68 million. Stream is also in legal disputes with former operator Caleb McMeans. Last November, losses of ~$93 million by an external fund manager caused xUSD to depeg, with its current price ~$0.08, down 92% from peg.1330
Stream Financ2026-06-30 02:31:16Stream Finance Bankruptcy: Creditor Information Collection Begins, $285M Debt ExposedThe collapsed DeFi yield protocol Stream Finance has started collecting creditor information via an online form in preparation for a 'potential global solution'. The debt structure is complex, involving direct holders of xUSD, xBTC, xETH and institutional lenders who accepted Stream tokens as collateral. Research firm Yields and More estimates direct debt exposure at approximately $285 million, with the largest curator TelosC accounting for $124 million and Elixir at $68 million (65% of its deUSD stablecoin reserves). xUSD currently trades at around $0.08, down 92% from its peg. Stream is also in legal dispute with former operator Caleb McMeans, and creditor priority remains undetermined.1360
