Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.

𝕏/@SiloFinance •

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"5/ Next Steps: - Gather lender info and balances as of the disclosure date - Coordinate with legal counsel - Share legal costs transparently between Silo DAO, lenders & partners - Seek max repayment distributed pro rata"

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Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.

More coverage

Explore the topic

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Eggs finance, a new DeFi primitive on Sonic explained by Silo Intern

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Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.

More coverage

Explore the topic

More on Silo

The lending protocol Silo V3 is live

A recently deployed Silo Finance contract has been hacked, with $500K drained through a Tornado Cash funded address

Silo Finance launches xSILO staking on Sonic

Eggs finance, a new DeFi primitive on Sonic explained by Silo Intern

Silo Intern breaks down the Rings Protocol flywheel and its role in the Sonic DeFi ecosystem

Amidst spiralling mansion jokes, Curve Founder Michael Egorov creates "Real World Mansion USD" 3pool for CRV-crvUSD lending market deposits in Llama Lend, Silo Finance, and UwU Lend

The lending protocol Silo V3 is live

A recently deployed Silo Finance contract has been hacked, with $500K drained through a Tornado Cash funded address

Silo Finance launches xSILO staking on Sonic

Eggs finance, a new DeFi primitive on Sonic explained by Silo Intern

Silo Intern breaks down the Rings Protocol flywheel and its role in the Sonic DeFi ecosystem

Amidst spiralling mansion jokes, Curve Founder Michael Egorov creates "Real World Mansion USD" 3pool for CRV-crvUSD lending market deposits in Llama Lend, Silo Finance, and UwU Lend

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