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🚨 SHOCK Warning: 1 BILLION USD withdrawn from profit-generating stablecoins in one week 📉💥
- The stablecoin market generating profit (yield-bearing stablecoins) has just witnessed the largest capital withdrawal since the LUNA-UST collapse, signaling serious liquidity risks.
1. A total of 1 billion dollars has been withdrawn from these protocols in just the past week, according to data from Stablewatch.
2. Stream Finance suffered the most severe loss, with 411 million withdrawn and TVL currently at 0.
3. Other stablecoins are also heavily affected: Coinshift csUSDL (-95% TVL), YieldFi yUSD (-71% TVL), Reservoir Protocol srUSD (-63% TVL), and Elixir sdeUSD (-59% TVL)
4. This move indicates the growing concern of investors regarding the sustainability and safety of high-yield models in DeFi.
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