PANews
PANews|Jun 30, 2026 01:03
[Stream Finance Initiates Creditor Registration to Advance 'Global Settlement' Process] According to The Defiant, the now-defunct DeFi yield protocol Stream Finance has begun collecting information from potential creditors via an online form in preparation for a 'potential global resolution.' Stream first disclosed its intention to liquidate in May. The debt structure is complex: direct holders of xUSD, xBTC, and xETH are classified as one type of creditor, while institutional lenders that accepted Stream tokens as collateral (curators on Euler, Morpho, Silo, and Gearbox) are classified as another. Research firm Yields and More estimates the direct debt exposure to be approximately $285 million, with the largest curator, TelosC, accounting for about $124 million, and Elixir approximately $68 million (65% of its deUSD stablecoin reserves).
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