Euler, a DeFi lending protocol that suffered a $200 million-plus exploit in 2023, says it has reemerged with the launch of Euler v2, “a meta-lending protocol that permits limitless use instances for on-chain credit score.” In accordance with the group, “the protocol will enable builders to create extremely customizable borrowing and lending vaults that may be permissioned or permissionless. As decentralized finance continues to achieve traction and extra customers search out safe and environment friendly methods to handle credit score on-chain, Euler v2 will play a pivotal function in scaling the crypto lending market, pushing it in direction of turning into a core part of the worldwide monetary system.” As reported by CoinDesk in February, the undertaking held a code audit competitors earlier this 12 months to vet the brand new model.
