Elixir Shuts Down deUSD Stablecoin After Stream Finance’s $93 Million Loss

Elixir, a decentralized finance liquidity provider, has announced that it will wind down its deUSD synthetic dollar stablecoin. The decision follows Stream Finance’s disclosure of a major loss that triggered ripple effects across the DeFi ecosystem. What Happened Between Elixir and Stream Finance? Earlier this week, Stream Finance announced a significant loss of around $93 million in assets managed by an external fund manager. “Yesterday, an external fund manager overseeing Stream funds disclosed the loss of approximately $93 million in Stream fund assets,” Stream posted on November 4 source: https://beincrypto.com/elixir-deusd-stablecoin-collapse-stream-finance-loss/