A Potential $80 Billion DeFi Time Bomb: Only $100 Million Detonated So Far? Event Overview The DeFi protocol Stream Finance suffered approximately $93 million in losses after an external fund manager (Curator) was liquidated during the market crash on October 11, 2025. This caused its stablecoin xUSD to plummet by half and exposed a potential $8 billion systemic risk across the entire DeFi ecosystem. Root Causes * Flawed Curator Model: Newer DeFi protocols (e.g., Morpho, Euler) introduced "Cu...