Euler, a DeFi lending protocol that experienced a $200 million-plus exploit in 2023, has announced the launch of Euler v2. This new version is described as “a meta-lending protocol that enables unlimited use cases for on-chain credit.” The team behind Euler states that the protocol will allow developers to create customizable borrowing and lending vaults that can be either permissioned or permissionless. As the popularity of decentralized finance grows and users look for secure and efficient ways to manage credit on the blockchain, Euler v2 aims to play a crucial role in scaling the crypto lending market and making it a fundamental part of the global financial system. Earlier this year, the project organized a code audit competition to ensure the security and reliability of the new version, as reported by CoinDesk in February.
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