Overview
- Elixir halted minting and redemptions, took a snapshot of balances, and opened USDC claims, with affected AMM and lending LPs eligible to claim the full value of positions.
- Around 80% of holders have already been repaid, with claims currently unavailable for users on Sui, Sei, and some specific AMM/LP setups.
- Stream Finance suffered a confirmed $93 million asset loss and reportedly owes about $285 million across lenders, including roughly $68 million to Elixir.
- Market dislocations persist, with deUSD trading near $0.026 by CoinGecko data and Stream’s XUSD falling from $1 to about $0.17.
- Stream holds roughly 90% of the remaining deUSD supply (about $75 million), and Elixir says it will work with Euler, Morpho, and Compound to liquidate positions and distribute repayment, which it believes will be honored 1:1.