Overview

Euler v2 stands as one of the most rigorously and expensively audited DeFi projects in the world. Its modular architecture isolates risk, makes code easier to test, analyze, and audit, and helps reduces single points of failure. For a detailed overview of the steps taken to secure Euler, you can explore a dedicated blog post on the topic here.

The protocol codebase has undergone over 40 comprehensive security reviews conducted by more than 16 of the world's leading web3 security firms. In addition to these reviews, the protocol's robustness is reinforced by extensive testing libraries, including bespoke fuzz testing and a formal verification testing suite.

Before its launch, Euler v2 underwent a record-breaking $1.25M Cantina security competition, with only low-severity and informational findings reported. Following its release, the protocol was battle-tested in a $3.5M capture-the-flag (CTF) challenge hosted by Hats Finance.

To maintain ongoing security, Euler v2 features an active bug bounty program on Cantina, offering rewards of up to $1M. Furthermore, the protocol is continuously monitored by leading security firms in collaboration with a specialized security council composed of top web3 security experts. The user interface has been audited to ensure it adheres to best-in-class security practices and is protected by Cloudflare.