SuiLend: Closely monitoring the massive losses at Stream Finance, and has contacted Elixir to request loan repayment.
Sui Ecological Lending Agreement Suilend stated in a post on X platform that it is closely monitoring the issue of huge losses in Stream Finance. It is reported that the largest single risk exposure of its $93 million loss belongs to Elixir's deUSD. The agreement lent $68 million USDC to Stream, accounting for about 65% of the total reserve of deUSD.
SuiLend also stated that the deposit and withdrawal functions of the Elixir market on its platform are currently suspended, and has contacted the Elixir team to request repayment of the loan. Other lending markets of Suilend have not been affected and are still safe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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