Euler Finance CEO Michael Bentley announced today that Euler Finance will be relaunched and introduce its v2 version, which has been in development for two years. 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, including 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).
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, with more details to be announced soon.
After the news was released, the price of EUL tokens surged over 12%, with the current market capitalization reaching approximately $100 million.
