Euler Announces Largest Audit Competition in Crypto History for Euler v2
Euler Announces Largest Audit Competition in Crypto History for Euler v2
๐ Audit Bonanza Incoming!

Euler, a UK-based tech startup, has announced the launch of the largest audit competition in crypto history for their upcoming Euler v2 protocol. The competition, in collaboration with Cantina, aims to subject Euler v2 to rigorous audits by leading security firms like OpenZeppelin, Certora, Spearbit, Zellic, Trail of Bits, and others. With a goal of adding an extra layer of scrutiny and stress-testing the code to its limits, the competition will run from May 20 to June 17, with a code reveal scheduled for April. Euler has allocated up to $1 million for high vulnerabilities alone, and submissions will be evaluated by Euler, Spearbit, and Cantina. In the coming weeks, Euler plans to share its comprehensive security strategy for Euler v2, aiming to make it one of the most vetted contracts in DeFi.
For Euler v2, we're going all in. Excited to announce the largest audit competition in crypto history!
Welcome... to the new largest competition in history with @eulerfinance! ๐ฐ $1,250,000 USDC ๐๏ธ May 20th - June 17th ๐ @cantinaxyz Invite only. Don't have one? Details below:
$1,250,000 We're launching the largest audit competition in crypto history, with @cantinaxyz. Details ๐งต
๐ Euler Adds Performance Tracking to Vault Pages
Euler has launched performance graphs on vault pages, enabling users to monitor key metrics over time. **New tracking capabilities include:** - Total supply and borrowed amounts - Available liquidity levels - Utilization rates - APY fluctuations Users can customize views by selecting different timeframes and switching between asset-denominated perspectives. This builds on Euler's previous release of Eulerscan, which provided historical yield data across all vaults.
Euler Updates on Resolv Security Incident Exposure
Following the Resolv security incident involving unauthorized USR minting, Euler has provided an update on affected markets: **Current Status:** - Euler Yield market on Arbitrum remains paused with ~$500k USDC loans backed by RLP collateral - Resolv-related Frontier markets on Plasma paused with ~$50k in loans against USR collateral - Team awaiting guidance from Resolv on next steps **Precautionary Measures Taken:** - RLP disabled as collateral in Arbitrum Euler Yield vault - Euler Earn USDC on Arbitrum no longer allocates to Euler Yield **Expected Resolution:** Based on Resolv's commitment to honor pre-hack USR redemptions at 1:1, the Plasma market is expected to settle gradually over time. Euler continues monitoring the situation and will share updates as information becomes available.
๐ฆ Euler's EVK Enables Multiple Isolated Vaults Per Asset
Euler's Euler Vault Kit (EVK) introduces a flexible architecture allowing **multiple vaults for the same underlying asset** with different risk parameters. **Key Features:** - Curators can create both conservative and aggressive markets for identical tokens - Each vault operates in complete isolation from others - Vaults can accept other vaults as collateral through the Euler Vault Connector (EVC) **Benefits:** - Expanded asset options for borrowers - Increased liquidity across markets - Customizable risk profiles for different user preferences Users can explore vault relationships and connections at [explorer.euler.finance](http://explorer.euler.finance). This modular approach gives DeFi users more choice in how they interact with lending markets while maintaining security through vault isolation.
Securitize and Euler Enable Tokenized Funds as DeFi Collateral
Securitize and Euler have launched structured, isolated lending markets that allow tokenized real-world asset funds to serve as collateral in DeFi protocols. **Key Development:** - Tokenized funds can now be used as collateral in onchain lending markets - The partnership creates isolated lending environments for regulated RWAs - Markets are curated by kpk_io **What This Means:** The integration addresses a gap in DeFi infrastructure by enabling regulated tokenized assets to participate in lending protocols while maintaining compliance requirements. Isolated markets reduce systemic risk by containing potential issues within specific asset pools. This builds on the broader trend of RWA-lending convergence, where tokenization brings traditional assets onchain and lending protocols make them functional for institutional use cases.
Euler CEO Outlines Vision to Become Internet's Credit Layer
Euler's CEO Jonathan Han has shared the company's strategic direction for 2026, positioning Euler as **the credit layer of the internet**. The UK-based protocol, which builds non-custodial solutions on Ethereum, continues to gain recognition in the institutional finance space. The Ethereum Foundation recently featured Euler, highlighting how **programmable institutional finance** is being built on Ethereum infrastructure. This announcement signals Euler's ambition to expand beyond traditional DeFi lending into broader credit infrastructure for the internet.