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stream finance

(2 articles)

The Loop Contagion

DeFi / Crypto - October brought warnings about Stream's 4x leverage and recursive loops. November brought consequences - $93 million vanished, xUSD crashed 77%, $285 million exposure unwound. Trevee recovered fully through aggressive action. Most depositors face near-total losses competing for scraps.

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House Of Cards

DeFi / Crypto - Backing a stablecoin with another stablecoin backed by the first isn't finance - it's expensive performance art. Stream and Elixir got caught playing stablecoin hot potato. In one instance, Stream turned $1.9 million into $14.5 million xUSD through recursive minting.

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