This is a massive loss. It's unclear how this will be settled in between xUSD/xBTC/xETH holders and lenders against these tokens, so let’s go over all stablecoins/vaults that have (in)direct exposure to Stream. Best we can tell, these stablecoins have indirect exposure: Elixir’s deUSD: Elixir is lending 68m USDC to Stream: debank.com/profile/0xaf8d… This represents 65% of deUSD backing. The main stream wallet is borrowing these funds against xUSD collateral. Elixir claims: “Elixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights.”. Stream team said: “ They have a contract. We told them explicitly that we cannot pay them out until lawyers determine who is owed what.“ Nevertheless, it’s rational to be careful before this debt is actually repaid. Treeve’s scUSD: eliteRingsScUSD is backed by veUSD. veUSD is backed by locked stkscUSD. stkscUSD is backed by staked scUSD that specific scUSD is rehypothecated to Mithras. Mithras scUSD (about 92% = 13m) is currently borrowed by xUSD collateral on Silo & Euler. This is not an extensive list, there likely are more stables/vaults affected, and the information presented here is not guaranteed to be accurate. Overall debt to lenders on various lending markets: $284.96M.* *Not counting indirect exposure through deUSD and other loops, this is a sum of all debt against Stream assets, debt owned both by Stream and by regular users. Totals by Curator: TelosC: 123.64M Elixir (kinda?): 68M MEV Capital: 25.42M Varlamore: 19.17M Re7: 14.26M Enclabs: 2.56 M Mithras: 2.3M TiD: 0.38M Invariant Group: 0.072M Here is a list of all markets that lend to xUSD/xBTC/xETH directly, their current exposure, and the curators which allocated money into there markets: EULER: Ethereum: TelosC Stream - only includes Stream assets - 1623.5 ETH ($5.89M), $14.31M USDC, 87.09 BTC ($9.65M) borrowed = $29.85M overall - Curator: TelosC app.euler.finance/market/telosc-… Plasma: TelosC Stream - $90M USDT, $2.89M plUSD, 900k msUSD - Curator: TelosC app.euler.finance/market/telosc-… Plasma: Re7 Labs xUSD - $14.26M USDT - Curator: Re7 app.euler.finance/market/re7labs… Sonic: MEV Capital Cluster - Hard to tell exact exposure, but the vault has $7M scUSD, $3.5M USDC, $2.7M scETH - 9.87M xUSD and 500 xETH deposited. - Curator: MEV Capital app.euler.finance/market/mev-cap… SILO: Ethereum: xUSD/USDC market - $1.2M USDC borrowed - Curators: Varlamore ($850k) app.silo.finance/markets/ethere… Arbitrum: xUSD/USDC market - $15M USDC borrowed - Curators: Varlamore ($14.2M), TID ($346k) app.silo.finance/markets/arbitr… Avalanche: xUSD/USDC, xUSD/USDT, xUSD/AUSD - $1.9M USDT, $816k AUSD, $9.3M USDC borrowed = $12.01M overall - Curators: MEV Capital ($7.2M), Varlamore ($2.5M), TiD ($28.5k) app.silo.finance/markets/avalan… app.silo.finance/markets/avalan… app.silo.finance/markets/avalan… Avalanche: xBTC/BTC - 272 BTC ($29.1M) - Curators: MEV Capital ($17.6M) app.silo.finance/markets/avalan… Sonic: xUSD/USDC, xUSD/scUSD - $2.3M scUSD, $4M USDC - Curators: Mithras ($2.3M), Varlamore ($1.6M) app.silo.finance/markets/sonic/… app.silo.finance/markets/sonic/… MORPHO: Plume: The Elixir Market: - 68M USDC borrowed - Lender: Elixir Arbitrum: xUSD/USDC - 628k USDC - Curator: MEV Capital app.morpho.org/arbitrum/marke… GEARBOX: Plasma: Invariant Group USDT0 - 72.45k xUSD. This market had a LOT more xUSD, but it was all exited. GGWP, @GearboxProtocol! app.gearbox.finance/pools/9745/0x7… ENCLABS: Sonic: 4.21M xUSD, about $2.4M in exposure? Plasma: 150k xUSD, about $160k in exposure? Again, there might be more, this is all we found.
