IF YOU HAVE ALREADY SUBMITTED THE FORM, DO NOT SUBMIT IT AGAIN.   As part of the next steps toward a potential global resolution, Stream is continuing to collect and confirm information regarding potential creditors and claimants. If you have not yet submitted information, please use the updated website below: forms.streamsoftrestructurin…   The updated form includes wallet verification as part of the submission process. You will not receive a separate follow-up email requesting wallet verification.   Submitting this form does not establish or confirm any claim, entitlement, or right to payment.   Frequently Asked Questions: nitter.net/StreamDefi/status/2072…   IF YOU HAVE ALREADY SUBMITTED THE FORM, DO NOT SUBMIT IT AGAIN.
Replying to @StreamDefi
FAQ’s Q: What if I have multiple wallets? - A: Enter your total claim across all wallets and identify the largest ones. If you have more than five wallets with Stream exposure, please submit an additional form Q: How should I price my claim? - A: Enter the claim amount you believe is correct, and include the holding and pricing-date assumptions used to calculate that amount in the description Q: Is there a deadline? - A: No deadline date has been set yet. Please submit the form as soon as possible Q: Can I amend a claim? - A: Yes. Create a new form and note in the claim description that it replaces a prior submission Q: I was exposed through a DeFi platform (Beefy, Silo, Euler, etc.) - what do I enter? - A: Enter the claim value you believe is correct and note the DeFi platform in the Holding Type field. Include any wallets in the “Wallets” section that you believe are linked to that platform Q: My country is not on the list. What do I do? - A: Please select the closest available country and note your actual country in the description, including that it is not listed as an available
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All – we understand there is concern across the community regarding phishing scams and questions about emails received after submitting the claims form. These emails are valid and the next step toward validating potential claims. Please take note of the points below, and if you have any questions you can reach out to ledwidge.stream@cooley.com.    •After submitting the claims form, you will receive a follow-up email from Stretto (no-reply@cases-cr.stretto-services.com) requesting wallet verification •Be sure to check the email address it is from, and note the message should properly note the email address and wallets specified in your claim submission •The email contains a link for you to sign each wallet identified in your claims form that you believe has exposure to Stream •Validating the link between wallets and users is critical to evaluating the data asserted in the claims form   To report spoofing or phishing attempts, or to report that you've been a victim, file a complaint with the FBI's Internet Crime Complaint Center (IC3), the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC).
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As part of the next steps toward a potential global resolution, Stream is collecting and confirming information regarding potential creditors and claimants. Follow this link to submit claim information: na2.docusign.net/Member/Powe…. Submitting this form does not establish or confirm any claim, entitlement, or right to payment.
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FAQ’s Q: What if I have multiple wallets? - A: Enter your total claim across all wallets and identify the largest ones. If you have more than five wallets with Stream exposure, please submit an additional form Q: How should I price my claim? - A: Enter the claim amount you believe is correct, and include the holding and pricing-date assumptions used to calculate that amount in the description Q: Is there a deadline? - A: No deadline date has been set yet. Please submit the form as soon as possible Q: Can I amend a claim? - A: Yes. Create a new form and note in the claim description that it replaces a prior submission Q: I was exposed through a DeFi platform (Beefy, Silo, Euler, etc.) - what do I enter? - A: Enter the claim value you believe is correct and note the DeFi platform in the Holding Type field. Include any wallets in the “Wallets” section that you believe are linked to that platform Q: My country is not on the list. What do I do? - A: Please select the closest available country and note your actual country in the description, including that it is not listed as an available
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The Stream Trading Protocol (Stream Soft Holding Company) is in the midst of identifying ways to maximize the value of its assets for the benefit of customers and creditors.  The goal is to consolidate, liquidate, and distribute assets as expeditiously and prudently as possible under the circumstances.  To that end, we are considering several different strategic alternatives, all of which will require participation from customers and creditors in some form.  We will provide additional details, likely in the next few weeks. Please continue monitoring the Discord and X channels as well as the Stream website for updates. In the interim, please direct your inquiries to Jeremiah Ledgwidge at Cooley LLP (ledwidge.stream@cooley.com).
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Yesterday, an external fund manager overseeing Stream funds disclosed the loss of approximately $93 million in Stream fund assets. In response, Stream is in the process of engaging Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP, to lead a comprehensive investigation into the incident. We are actively withdrawing all liquid assets and expect this process to be completed in the near term To keep our stakeholders informed, we will provide periodic updates as additional information becomes available. Until we are able to fully assess the scope and causes of the loss, all withdrawals and deposits will be temporarily suspended. Any pending deposits will not be processed at this time. Our decision to retain Perkins Coie LLP reflects Stream’s unwavering commitment to transparency and robust corporate governance.
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Over the last few days, there have been a lot of questions about recursive looping, what it is, and why we use it. Recursive looping is when a protocol loops its own asset to capture a spread in interest rates. For example, if you have an asset earning 15% that you can borrow against at 10%, on 1x you make 15% (no borrow cost), on 2x you make 20%, 3x 25%, 4x 30%, etc. This increased yield then goes back to users either in the form of yield or our insurance fund. This allows users to earn more while taking on more risk. DefiLlama has decided that recursive looping is not TVL per their own definitions. We disagree with this, but to be transparent to users the website now makes a distinction between user deposits (~$160M) and total assets deployed across strategies. (~%$520M). To make this easier to understand for users and not show different numbers that are confusing, we have also updated our website. We have signed letters of engagement with third party attestation companies and have shared access to our books. These things take time to do right, but we are moving as fast as we can to give users guarantees. In the meantime, our dashboard has been updated with a breakdown of where funds are deployed to. dashboard.streamprotocol.mon…
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Happy to announce Stream has signed letters of engagement with various reputable firms, who will be handling our proof of reserves, >400m of our backing is public and transparent on chain, In the mean time we have shared our books to various curators and are in the process of completing a transparency dashboard to make it easier for users to digest Feel free to reach out with any questions regarding this process and we are more than happy to address them all!
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Today was an incredible test for all major protocols Stream has functioned as intended, and remains in profit. A full breakdown of how we managed risks and exposure will be published when the dust settles For those particularly badly hit, we are also hiring! Just use Stream
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Excited to announce the next piece of the puzzle. Making swaps? Just use Klyra.
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Not only has Stream surpassed 200 million of TVL but, We are excited to announce we will be deploying to Plasma day 1 We believe there will be many opportunities for users to be able to generate the best yields possible for users on Plasma Incredibly thankful to every team we work with every single user and member of our community who is with us today, we will continue to do the utmost possible to put you guys, our users first and generate the best yield for you at 1 click and we believe plasma will be one of the best places for building this out Very hyped to see what the future has to hold, we value every one of you immensely :)
Introducing Plasma One: the one app for your money.
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Stream has surpassed 110 million of tvl •Within 4 months •Zero private deals •Providing the best yields at 1 click Sincerely thank you to every user and team that has supported us so far; Stream shall continue doing the utmost to provide the best yields at 1 click for every one of you Looking forward to rewarding organic users as much as possible Huge shoutout to some amazing teams we have had the pleasure of working with so far @ShadowOnSonic @SiloFinance @Trevee_xyz @SonicLabs @berachain @MEVCapital @AvaLabs @MidasRWA @reservoir_xyz @stabilitydao @elixir @EnclabsFi @GetYieldFi @YieldNestFi @eulerfinance @InverseFinance @FlareNetworks @TermMaxFi @term_labs @pendle_fi @spectra_finance @WildcatFi @hyperithm @roycoprotocol @SnakeOnSonic @ResolvLabs Just use Stream.
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Results speak louder than any words Best yield; 1 click. Just use Stream.
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I just learned about @StreamDefi. 12% real yield +6% in projected airdrop yield, either way net positive to loop on @SonicLabs on @eulerfinance. Best part, xUSD is USDC in / USDC out without any slippage / fees. Would love to see looping for this on mainnet as well. 🧵👇
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Excited to announce Stream is deploying to Berachain; Excited to be build with some of the best; @berachain @KodiakFi @Dolomite_io @0xBeraPaw @InfraredFinance Ooga Booga.
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Just use Stream.
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