Euler Finance Launches v2 Modular DeFi Lending Protocol After $197 Million Hack, Now Live

Sep 4, 2024, 02:01 PM

Euler Finance has launched its v2 modular DeFi lending protocol, marking a significant comeback after a $197 million hack nearly 18 months ago. The v2 iteration, which includes advanced lending capabilities and components like the Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC), follows 31 security audits and a final security test by HatsFinance, which found no vulnerabilities. Euler v2, now live, aims to provide a secure platform for lending, borrowing, and building without limits. The company had previously clawed back 90% of the hacked funds.