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 allows limitless use circumstances for on-chain credit score.” Based on the group, “the protocol will permit builders to create extremely customizable borrowing and lending vaults that may be permissioned or permissionless. As decentralized finance continues to realize traction and extra customers search out safe and environment friendly methods to handle credit score on-chain, Euler v2 will play a pivotal position in scaling the crypto lending market, pushing it in the direction of turning into a core part of the worldwide monetary system.” As reported by CoinDesk in February, the challenge held a code audit competitors earlier this 12 months to vet the brand new model.
