EXCLUSIVE: Euler Labs CEO On Overcoming Exploit, Re-emergence With Security-First v2

Euler has re-emerged with its security-first v2 lending platform. (Credit: Euler Labs)

KEY POINTS

• Euler v2 allows builders to develop vaults that can meet any strategy or need
• 'Euler v2 is pushing the boundaries of what DeFi can achieve': Euler Labs CEO Michael Bentley
• The protocol went through rigorous audits to ensure prevention of security attacks
• Bentley expects 'tremendous growth' for crypto lending in the next decade, with Euler v2 at the forefront

The 2023 exploit of cryptocurrency lending protocol Euler was one of the biggest security incidents in the industry, but with highly strategic recovery efforts from the Euler Labs team, $240 million was returned. Fast forward to 2024, and the modular lending platform on Ethereum has re-emerged with Euler v2, "the credit layer of on-chain finance."