DeFi Startup Euler Finance Bounces Back with Revamped Lending Vaults

Decentralized-finance (DeFi) lending protocol Euler Finance has bounced back from last year’s $200 million exploit with a more flexible version of its cryptocurrency vault-enabled lending platform: Euler v2. Like the first version of the protocol, Euler v2 allows users, in a non-custodial fashion, to deposit assets for lending, and other users to deposit collateral, take out loans and pay interest to the lenders. Following the Lego-like power principle of DeFi, the new system combines building blocks like Euler Vault Kit (EVK), which empowers builders to deploy and chain together their own customized lending vaults in a permissionless manner.

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