Euler V2
Overview
TVL
$349.5M
Up 31% over 90 days
Live since
2024
Lent out to borrowers$370.9M· not in TVL
TVL, last 90 days
Low
Full data
Security
AuditsAudited by Trail of Bits and Certora, November 2025Audit page
Contract statusAll contracts verified, upgradeableGovernedPerspective 0x08B8…4724GenericFactory 0xbAd8…e752VaultLens 0x8380…5b60EulerEarnVaultLens 0x2095…13D9GovernedPerspective 0x492e…4D44VaultLens 0x3530…db4C
Upgrades controlled byContract 0xfE66…fA8c0xfE66…fA8c
Admin controlMultisig, behind a timelock
Multisig4 of 8 signers must approveWhat they approve then waits in the timelockSafe 0xf6d7…F06F
Timelock4 days before changes take effect
Track record
Through market stressCame through all 1October 2025 liquidation cascade — kept 49% of its deposits
Exploit history
- 13 Mar 2023 — Donation Attack at Euler V1$197.0M lost · Users were fully reimbursed