DeFi lending protocol Euler has announced the completion of a comprehensive security process for its upcoming Euler v2 protocol, which involved a $4 million investment allocated by Euler DAO.
This substantial budget highlights the protocol’s commitment to security in the DeFi sector, particularly through its modular design, which aims to reduce risks and improve reliability.
Euler has designed v2 with lessons learned from a $200 million exploit that hit the protocol in March 2023. The protocol said its primary aim is to rebuild trust and set new standards for security in the DeFi sector through its extensive efforts to enhance security.
Audits
According to the Aug. 12 post, Euler v2’s modular architecture was designed to isolate risks and simplify the auditing process. Key components such as the Ethereum Vault Connector (EVC), Euler Vault Kit (EVK), and Euler Price Oracle (EPO) were created to perform specific functions with precision.
This approach facilitated both internal and ex
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