Euler v2 Launches with $4M Backing and New Security Measures After $200M Hack

TL;DR Euler v2 has been secured through a security process that cost around $4 million, one of the most expensive in DeFi. The protocol employs a modular design to improve security and risk management, with 29 audits conducted by 12 security firms. The largest code audit competition, with a $1.25 million prize pool, found no ... source: https://crypto-economy.com/euler-v2-launches-with-4m-backing-and-new-security-measures-after-200m-hack/