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Project Overview
Silo is a decentralized liquidity staking protocol based on Sei networks designed to provide SEI holders with higher returns opportunities through MEV (Maximum Extractable Value) enhancement strategy.
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Summer.fi: Lazy Summer USDC Vault Suffers NAV Manipulation Attack, Losing Approximately 6.04 Million USD
According to official sources, Summer.fi released a post-mortem stating that on July 6, the attacker manipulated the share prices of two Lazy Summer USDC vaults by injecting overvalued Silo tokens into an offline Ark still included in the NAV, and extracted approximately $6.04 million in a single atomic transaction.
Stream Finance Launches Creditor Claim Registration, Advances Liquidation Process
According to The Defiant, the collapsed DeFi yield protocol Stream Finance announced it has begun collecting claim information from potential creditors via an online form, calling this move a step towards a "global solution." The protocol disclosed in November 2025 that external fund managers lost approximately $93 million in assets, resulting in about $160 million in deposits being frozen, and triggering approximately $285 million in cascading debt exposure in lending markets such as Euler, Morpho, Silo, and Gearbox. Its stablecoin xUSD subsequently depegged, currently trading at only about $0.08, down over 92% from its $1 peg price. Stream emphasized that submitting the claim form does not confirm any payment rights, and the scale of recoverable assets and distribution plan have not yet been disclosed. Meanwhile, Stream Trading Corp. has filed a lawsuit regarding former operator Caleb McMeans' alleged misappropriation of approximately $2.1 million in assets.