Euler Bug Bounty Increased to $7.​5M with Usual Money Support

Euler is conducting a comprehensive review following a recent security incident, with recovery efforts now in progress. **Key Points:** - Full incident review underway - Focus on strengthening system security at all controllable layers - Continued support for ecosystem curators and builders **Background Context:** This follows Euler's complete recovery from a March 2023 exploit, where the team successfully retrieved all affected funds. The protocol has since been working on a more robust and modular platform version. The team maintains its commitment to security improvements while supporting the broader Euler ecosystem during the recovery process.

**Recovery Claims Now Open** Users affected by the Stream/Elixir incident involving the Frontier Elixir USDT vault on Plasma can now file claims for recovery. **Key Details:** - Affected users will receive approximately **80% recovery** on their positions - Claims portal: [partnerclaims.elixir.xyz](http://partnerclaims.elixir.xyz) - **Limited time window** to submit claims - Frontier Elixir USDT vault contract: `0x3799251bD81925cfcCF2992F10Af27A4e62Bf3F7` **Action Required:** If you held funds in the Frontier Elixir USDT vault, visit the recovery portal to submit your claim before the deadline expires.

**Major vault depositors eligible for redemption** Re7 USDT0 Core and Telos Surge Earn vaults were the two largest depositors into the EulerDAO vault. Depositors in these Earn vaults will receive pro-rata redemption through the Elixir claim portal, based on the amount allocated from their respective vaults into the EulerDAO vault. **Background context** - Euler previously saw $35M in deposits within minutes on a new EulerEarn vault on Plasma - The vault featured USDT0 incentives, curated by Hyperithm - Users can access earning opportunities at [app.euler.finance](https://app.euler.finance/earn/0x66bE42a0BdA425A8C3b3c2cF4F4Cb9EDfcAEd21d?network=plasma) Depositors should check the Elixir claim portal for their redemption allocation.

Euler CEO Jonathan Han appeared on the Talking Tokenization podcast to discuss the protocol's growth trajectory and institutional engagement. **Key Topics Covered:** - Euler's expansion roadmap and strategic priorities - Factors institutions evaluate when entering DeFi markets - Real-world assets (RWAs) as portfolio diversification tools - Bridging traditional finance with decentralized protocols Han, who joined Euler as Head of Growth in October 2025, brings experience from The Tie, Republic Crypto, Digital Currency Group, and Bridgewater. His background positions him to lead institutional adoption efforts for the Ethereum-based lending protocol. The conversation provides insight into how established financial players are approaching DeFi infrastructure and the role of tokenized real-world assets in their strategies.

Tokenized equities from Ondo Finance can now be lent, borrowed, and looped through Enso Build's platform, powered by Euler protocol. **Key Features:** - Authorized minting through Enso Build - Deterministic routing for transactions - Integration with Euler's lending infrastructure This builds on previous functionality where tokenized stocks became usable as DeFi collateral on Euler, allowing users to supply tokenized equities and borrow stablecoins while maintaining their stock exposure. The integration combines infrastructure from [Ondo Finance](https://ondo.finance), [Enso Build](https://enso.build), and Euler protocol to enable new use cases for tokenized traditional assets in decentralized finance.