Suilend suspends Elixir deposits and withdrawals, asks for loan repayment after Stream Finance exposure

DeFi lending protocol Suilend has taken precautionary measures in response to a major loss reported by Stream Finance, which is having ripple effects in the Sui ecosystem. One of the worst hit was Elixir, a protocol that appears to have borrowed against assets linked to Stream Finance’s xUSD, a dollar-pegged stablecoin-like asset. Suilend takes action […] source: https://www.cryptopolitan.com/suilend-suspends-elixir-stream-finance/