Stream Finance has announced the insolvency of its protocol. This statement aims to address Stream Finance’s position with mHYPER and provide clarity to holders. Stream Finance is a yield-aggregating platform that allocates capital across various on-chain and off-chain strategies to generate returns for its LPs. As part of its yield-farming strategy, Stream Finance built a leveraged position in mHYPER over the past weeks. As of today, Stream Finance holds approximately $75M worth of leveraged mHYPER positions. Hyperithm and the Midas team are working closely with Stream Finance to support a gradual and orderly unwinding of these positions and to ensure that any potential liquidations occur smoothly. When a leveraged mHYPER position exceeds its LLTV on lending markets such as Morpho or Euler, any participant can take over and unwind the position through the instant redemption feature on Midas. mHYPER currently maintains over $75M in liquidity buffer to facilitate instant redemption, ensuring that liquidations are always executable and profitable for liquidators. mHYPER holders remain unaffected, and the vault continues to operate as normal.