Stream Finance disclosed late Monday that an external fund manager overseeing its funds lost approximately $93 million in user assets, triggering a 77% crash in the price of its flagship stablecoin and exposing critical vulnerabilities in DeFi's interconnected lending ecosystem. The protocol announced it has suspended all withdrawals and deposits while engaging law firm Perkins Coie to investigate the incident and determine creditor priorities. "We are actively withdrawing all liquid assets and expect this ...

RT yohaan.sonic (@YJN58)Here is how the pool works 👇1. Users can deposit either $scUSD, $USDC or both $scUSD and $USDC into this pool2. 100% of the $USDC and $scUSD in this pool are then "BOOSTED" by supplying into a yield vault managed by @stabilitydao3. The strategies undertaken by this vault ensure that there is no impermanent loss (only lending) so that LP will always be made wholeWhat happens during a swap?Assume a trader wants to swap 100 scUSD for $USDCThe current trading fee for this pool is 0.0025% ...