Yo @Trevee_xyz can we get some information now about wstkscUSD
📢 IMPORTANT UPDATE FOR SONIC USERS 📢
@StreamDeFi just disclosed significant losses related to its xUSD token's backing 3 hours ago.
While dTRINITY does not have direct exposure to xUSD, our reserve for dUSD on @Sonic contains wstkscUSD from @Trevee_xyz which does have direct exposure. Additionally, Trevee assets currently make up ~70% of supplied collateral in dLEND on Sonic.
The Sonic dUSD reserve currently has ~225K wstkscUSD to back ~211K dUSD in circulation. All other reserve assets like sfrxUSD have been redeemed by users. On dLEND, the following assets from Trevee are supplied as collateral to borrow dUSD:
- 45.36K Pendle PT-wstkscUSD (18DEC2025)
- 173.34K wstkscUSD
- 11.35 wstkscETH
- 1.95 scETH
We have reached out to the Trevee team and are waiting for further updates. In the meantime, all deposits to dLEND on Sonic have been halted, but repaying debt and withdrawing collateral are available. Sonic dUSD redemptions also remain open.
Thanks to dTRINITY's chain-isolated design, dUSD and dLEND on other networks like Fraxtal and Katana are 100% unaffected by this incident on Sonic.
We will continue to provide updates as more details emerge.
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