A DeFi investigation has revealed over $284 million in stablecoin exposure and outstanding loans connected to the collapsed lending protocol Stream Finance. The research, conducted by Yields and More (YAM), highlights complex interconnections across platforms such as Euler, Silo, Morpho, and Gearbox, which hold positions in Stream’s synthetic assets like xUSD, xBTC, and xETH. Notably, $123 million is at risk for TelosC, and $68 million involves stablecoin-backed loans from Elixir. The report underscores the cascading risks across multiple markets and the unclear liability distribution due to layered exposure through lending markets and derivative stablecoins. Stream Finance had previously halted deposits and withdrawals following a $93 million loss linked to an external fund manager, with no timeline yet for resuming operations.