TechFlow reports that lending protocol Euler Finance has announced its upcoming relaunch with the release of version v2.
Euler Finance stated that the v2 version is a modular lending platform, primarily consisting of two major components: the Euler Vault Kit (EVK) and the Ethereum Vault Connector (EVC).
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EVK allows developers to freely build ERC-4626 vaults;
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EVC empowers vaults with superpowers, enabling them to serve as collateral for other vaults.
Together, these two components provide unparalleled flexibility to build or rebuild any type of lending product within the Euler ecosystem.
Euler v2 offers lenders and traders unprecedented risk/return opportunities, new collateral options, lower net borrowing costs, advanced risk management tools, and more.
New features include customizable vaults, synthetic assets, nested vaults, permissionless rewards, and the Ethereum Vault Connector.
Previous report, DeFi lending protocol Euler Finance was attacked on March 13, 2023, resulting in losses exceeding $190 million.
