Stream Finance Initiates Creditor Registration, Advancing 'Global Settlement' Process

CoinFeed June 30 news, according to The Defiant report, the collapsed DeFi yield protocol Stream Finance has begun collecting potential creditor information through an online form, in preparation for a "potential global solution." Stream first revealed its liquidation intentions in May. The debt structure is complex: direct holders of xUSD, xBTC, xETH are one class of creditors, and institutional lenders (curators on Euler, Morpho, Silo, Gearbox) who accepted Stream tokens as collateral are another. Research firm Yields and More estimates direct debt exposure to be around $285 million, with the largest curator TelosC at approximately $124 million, and Elixir at about $68 million (representing 65% of its deUSD stablecoin reserves).