euler finance: News of Euler (EUL) - August 2024 Price Update - 10.78% Breakout Crypto News and Analysis

Trade hard. Joy is coming

Spot the Main Event:

Crypto lending platform Euler Finance has announced the results of 29 audit reports from 12 different cybersecurity firms regarding its “v2” relaunch. According to the announcement, the reports show that all security issues were resolved. The protocol also held a public $1.25 million post-audit bug bounty that resulted in no medium or higher severity issues being found.In total, more than $4 million was spent to shore up Euler’s security in anticipation of the relaunch, the announcement stated.

Spot the Main Event:

Euler announces 29 audit reports after $4M spent to shore up security. Crypto lending platform Euler Finance has announced the results of 29 audit reports from 12 different cybersecurity firms regarding its “v2” relaunch. According to the announcement, the reports show that all security issues were resolved. The protocol also held a public $1.25 million post-audit bug bounty that resulted in no medium or higher severity issues being found.

To God be the Glory

Spot the Main Event:

Crypto lending platform Euler Finance has announced the results of 29 audit reports from 12 different cybersecurity firms regarding its “v2” relaunch. According to the announcement, the reports show that all security issues were resolved. The protocol also held a public $1.25 million post-audit bug bounty that resulted in no medium or higher severity issues being found. the new version of Euler “has undergone one of the most expensive and comprehensive security processes for any DeFi protocol to-date.” Euler’s decentralized autonomous organization, EulerDAO, allocated more than $11 million to the development team in order to develop v2, more than $4 million of which went to security. With these security funds, the team hired new staff tasked with making the protocol adhere to the ISO27001 standards used by banks and defense companies.

Explore the Core.

Euler Finance is a non-custodial, permissionless lending protocol on Ethereum, enabling users to earn interest on their crypto assets or hedge against market volatility. It introduces DeFi features like permissionless lending markets, reactive interest rates, and MEV-resistant liquidations.

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