MEV Capital: Actively managed vaults with no direct exposure to Stream Finance assets

Foresight News reported that MEV Capital has published an article noting the recent disclosure of a $93 million funding gap in the Stream Finance ecosystem. MEV Capital hereby releases the latest information regarding its selected markets and products related to Stream Finance assets. MEV Capital's actively managed vaults (including Midas, Upshift, Mellow, and Symbiotic) and mainnet L1 lending markets are not directly exposed to Stream Finance assets. The exposure is mainly concentrated in four permissionless lending markets and one vault deployed on three L2 chains, specifically: Silo Vault - xBTC, xUSD (Avalanche), Euler Cluster - xUSD (Sonic), and Morpho Vault - xUSD (Arbitrum). On these platforms, MEV Capital provides a trading venue for Stream Finance assets for borrowers and lenders.

List of MEV Capital vaults and lending markets affected by the Stream Finance funding shortfall:

• Silo (Avalanche) USDC vault, currently allocated $7.2 million USDC to the xUSD market, LLTV: 89%
• Silo (Avalanche) BTC.b vault, currently allocated 164.3 BTC.b to the xBTC market, LLTV: 89%
• Morpho (Arbitrum) USDC vault, currently allocated $628,000 USDC to the xUSD market, LLTV: 91.5%
• Euler (Sonic) USDC cluster, current deposits of $3.4 million USDC, LLTV: 91.5%
• Euler (Sonic) scUSD market, current deposits of $7.02 million scUSD, LLTV: 91.5%

The team stated that the AM team has updated the parameters of the affected markets to control the situation and limit direct or indirect exposure to Stream Finance assets. Going forward, they will continue to gather information to assess the potential impact on lenders exposed to Stream Finance assets, which will mainly depend on Stream Finance's further clarification of the current reserve situation.