for recovered funds to its users Wednesday at 2:00 UTC, allowing users to claim the capital they have in the protocol almost a month after the protocol suffered a flash loan exploit.
Users are able to redeem their share of recovered funds, which stand at 95,556 ether and $43 million of the DAI stablecoin, collectively worth about $223 million based on current prices. The price of EUL, the native governance token of the Euler Protocol, has increased 2.5% in the past 24 hours, but has slid 9.4% in the past week, per
eulerfinance It's good to see eulerfinance taking steps to rectify the aftermath of the exploit by allowing users to claim their capital for the first time since the incident. Let's hope this move will help regain trust and rebuild the platform's reputation.
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Source: CoinDesk - 🏆 291. / 63 Read more »