🛡️ COVER PAYOUTS 🛡️
➡️ We've completed payouts to covered @beefyfinance, @eulerfinance and @harvest_finance users affected by the recent Stream Finance fallout.
🤖 These payouts, made for positions on @Base, @Arbitrum, @avax & @SonicLabs highlight the risk of contagion in DeFi.
🤝 While none of the claimants used Stream directly, they were still impacted due to second-order effects (e.g. inability to withdraw due to lack of liquidity on a lending market where xUSD was used as collateral).
🔐 DeFi protocols are often built on each other, contagion is a real risk — the good news is that Multi-protocol cover protects you in these very cases.
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