Euler Announces Largest Audit Competition in Crypto History for Euler v2

๐Ÿ” Audit Bonanza Incoming!

By Euler
Mar 28, 2024, 6:36 PM
twitter
News article
Photo by Euler

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.​

Sources

For Euler v2, we're going all in. Excited to announce the largest audit competition in crypto history!

Cantina ๐Ÿช
Cantina ๐Ÿช
@cantinaxyz

Welcome... to the new largest competition in history with @eulerfinance! ๐Ÿ’ฐ $1,250,000 USDC ๐Ÿ—“๏ธ May 20th - June 17th ๐Ÿ“ @cantinaxyz Invite only. Don't have one? Details below:

53
Reply
Read more about Euler

Euler Launches Real-Time Crypto Credit Cards

Euler has introduced a new credit card system that allows users to spend cryptocurrency without selling their assets. The key features include: - Real-time borrowing at point of payment via @BrahmaFi - Assets remain on Euler platform earning yield - Immediate availability for real-world transactions This implementation bridges the gap between crypto holdings and everyday spending, while maintaining the earning potential of stored assets. Interested users can apply for their Euler card at [swype.fun](http://swype.fun)

e Protocol Hits Mathematical Milestone with $2.71828B TVL

The e Protocol has reached a symbolic milestone with total deposits hitting $2.71828 billion - matching Euler's number (e), the mathematical constant after which the protocol is named. This achievement comes just 3 months after approaching the $2B mark in May 2025. The protocol has maintained steady growth despite market volatility. - Current TVL: $2.71828B - Previous milestone: $2B (May 2025) - Growth period: ~3 months This alignment between the protocol's name and its TVL represents a unique moment in DeFi history where mathematical elegance meets practical achievement.

Just-In-Time (JIT) Liquidity Protocol Launches

A new protocol aims to revolutionize DeFi capital efficiency through Just-In-Time (JIT) liquidity provision. Key features: - Enables $1M in capital to facilitate $40M in swap volume - Eliminates idle capital in liquidity pools - Synchronizes liquidity and credit movements in real-time - Builds on concentrated liquidity concepts The system optimizes capital utilization by deploying assets precisely when needed for trades, potentially increasing returns for liquidity providers while maintaining swap efficiency. *Learn more about how JIT liquidity can maximize your capital efficiency.*

Euler Finance Adds XAUT Gold Token Support with In-App Looping

Euler Finance has integrated Tether Gold (XAUT) into its Prime platform, expanding its collateral options for borrowing stablecoins. The implementation includes: - Full support for XAUT as collateral - In-app looping functionality - Direct borrowing against XAUT positions This addition follows recent platform expansions including USDtb rewards for lenders and multi-token support on the TAC network. Visit [Euler Prime](https://app.euler.finance/borrow?collateralAsset=XAUT&network=ethereum) to start borrowing against XAUT.

EulerSwap Reaches $2B Trading Volume Milestone

EulerSwap, a decentralized exchange protocol, has achieved $2 billion in total trading volume within its first 9 weeks of operation. - Started in June 2025 with $230M volume in first 3 weeks - Maintained consistent growth through beta phase - Averaged ~$222M weekly trading volume The protocol's rapid adoption suggests growing market acceptance of mathematical optimization in DeFi trading systems. *Note: These figures represent total trading volume and not TVL (Total Value Locked)*