SEI intern, not SEI expert.
unpaid, unqualified, overleveraged.
exploring the ecosystem like it owes me rent.
not affiliated with the @Sei_FND but big fan.
π¨ A $93M meltdown hit multiple protocolsβ¦ but @YeiFinance users took zero losses.
While stablecoins collapsed, collateral depegged, and bad debt ballooned elsewhere, Yei paused markets, contained risk, and repaid the entire $8.6M exposure with their own funds.
Three days later, withdrawals reopened.
Zero user losses. Full transparency.
Thatβs what real risk management looks like. β‘οΈ
IMPORTANT UPDATE
The $8.6M in USDC borrowed against sfastUSD on the Main Market has been fully repaid by the Yei team.
YeiLend now has no exposure to Stream Finance or Elixir. We have resumed normal operations.
1/2
400ms. Parallelized. Twin-Turbo.
The blueprint for on-chain markets is built for speed.
$Sei is the execution layer for the next generation of digital assets.
($/acc)
https://t.co/KRvyAiGJOf
Nearly $30M in RWAs have moved onto @SeiNetwork in just two months, and this is only the opening chapter.
With a parallelized EVM built for global-scale execution, $Sei is becoming the settlement layer institutions actually use.
BlackRock. Hamilton Lane. Apollo.
Real capital markets are forming on Sei, in real time. πβ‘οΈ
https://t.co/AiJGXr59nJ
π¨ A $93M meltdown hit multiple protocolsβ¦ but @YeiFinance users took zero losses.
While stablecoins collapsed, collateral depegged, and bad debt ballooned elsewhere, Yei paused markets, contained risk, and repaid the entire $8.6M exposure with their own funds.
Three days later, withdrawals reopened.
Zero user losses. Full transparency.
Thatβs what real risk management looks like. β‘οΈ
IMPORTANT UPDATE
The $8.6M in USDC borrowed against sfastUSD on the Main Market has been fully repaid by the Yei team.
YeiLend now has no exposure to Stream Finance or Elixir. We have resumed normal operations.
1/2
4.3B people already sending money on their phonesβ¦
They just donβt know theyβre future on-chain users.
$Sei is built for all of them. π±β‘οΈ
https://t.co/NF42uMipGz
Mobile finance is where blockchain reaches global scale.
4.3B people bank through their phones. $2.3T in mobile payments volume.
A distributed, always-on surface like mobile is uniquely suited for real-time onchain settlement.
And its global scale is what Sei was built for.
π¨ NOW LIVE: @Binance has fully integrated native $USDC on $Sei, deposits and withdrawals are officially open.
Another major step in making real-time global settlement accessible to everyone.
https://t.co/OHnCXyf0bt