SuiLend, a lending protocol within the Sui ecosystem, is actively monitoring the significant financial losses reported by Stream Finance. The protocol revealed that its largest risk exposure involves Elixir's deUSD, with $68 million USDC lent to Stream, representing 65% of deUSD's reserves. In response, SuiLend has suspended deposits and withdrawals to the Elixir marketplace and has reached out to Elixir for loan repayment.
Despite these challenges, SuiLend assures that its other lending marketplaces remain unaffected and secure. The reported $93 million loss by Stream Finance could potentially lead to a risk exposure exceeding $285 million, according to analysts.
SuiLend Monitors Stream Finance Losses, Requests Elixir Loan Repayment
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