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 InfoEuler 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.