Summary
TLDR: Lending platform Euler will launch Euler v2 in the second quarter, featuring a modular design with new tools for developers. The update aims to provide more adaptability and flexibility for users. The codebase for the new features has been audited, and a bug bounty is in place. The v2 update has been in development since before a $200 million exploit last year, and the team has learned from past mistakes to improve the protocol. The community is working on relaunching v2 and incentivizing users to return.
Key Points
1. Lending platform Euler will be launching Euler v2 in the second quarter of this year, introducing a modular design and new features to enhance user adaptability and flexibility.
2. Euler v2 will include the Euler Vault Kit (EVK) and the Ethereum Vault Connector (EVC), allowing developers to customize lending vault designs and connect ERC-4626 vaults with smart contracts.
3. The public codebase for EVC has been live since January, with extensive audits conducted and a bug bounty in place. The EVK codebase is currently undergoing audits, with a focus on formal verification and security review.