Silo DAO, a decentralized lending protocol, is preparing legal action against Stream Finance for failing to repay outstanding loans and redeem xUSD and xBTC. This action comes after Stream Finance’s failure to meet its repayment obligations has left some lenders unable to access their funds. Silo DAO emphasizes that this legal action aims not only to recover the lost funds but also to establish a precedent for protecting lender rights within the DeFi sector. The protocol intends to gather information about affected lenders, collaborate with legal advisors, and distribute legal costs transparently while seeking optimal repayment arrangements and proportionate distribution of funds.