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Cryptopolitan

Suilend pauses deposits and withdrawals specifically in its Elixir Isolated Market in response to a major loss reported by Stream Finance

DeFi lending protocol Suilend has taken precautionary measures in response to a major loss reported by Stream Finance, which is having ripple effects in the Sui ecosystem.  One of the worst hit was Elixir, a protocol that appears to have borrowed against assets linked to Stream Finance's xUSD, a dollar-pegged stablecoin-like asset.  Suilend takes action [...]

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