Euler DAO Completes Multisig Migration

Euler Labs has successfully executed the Euler DAO multisig migration, transferring control to a new address as part of ongoing operational enhancements. The migration aims to improve accounting transparency and separation of responsibilities, following recommendations reviewed by the Euler Foundation.

EUL Info

Euler operates as a non-custodial, permissionless lending protocol on Ethereum, allowing users to accrue interest on their cryptocurrency assets or mitigate potential market volatility, all without the necessity for a trusted intermediary.

The protocol introduces a set of unprecedented features in the DeFi sector, including permissionless lending markets, dynamic interest rates, safeguarded collateral, MEV-resistant liquidations, and stability pools with multi-collateral capabilities among other advancements.