Michael Bentley, CEO of Euler Finance, announced today that Euler Finance will be relaunched and the v2 version, which has been under development for two years, will be introduced. Michael Bentley even claims that Euler Finance v2 will become the most powerful lending protocol in the market.
According to the introduction, Euler Finance v2 maintains neutrality in almost all aspects such as governance and oracle through modular design, providing high flexibility. It allows users to deploy customized lending markets using the Euler Vault Kit (EVK) and enhances interoperability between vaults through the Ethereum Vault Connector (EVC).
Michael Bentley stated that EVC has been released for several months and has passed four audits and formal verification. EVK is also ready to undergo audits, including a special code audit competition. More details will be announced shortly.
After the news was released, the price of EUL tokens quickly rose by over 12%, and the current market value of the tokens is approximately $100 million.
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