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Euler co-founder reflects on $195m hack and how DeFi protocols are becoming more robust
Apr 26, 2024
Michael Bentley, co-founder of Euler Labs, reflects on the $200 million hack and the security enhancements in Euler V2. They discuss the journey from evolutionary theorist to DeFi innovator, the recovery process post-hack, enhancing security in Euler V2, risks in crypto credit markets, and tokenization of real-world assets in DeFi.
39:56
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Quick takeaways
- Euler Labs' recovery process post-$200 million hack showcased resilience and extensive collaboration with security experts.
- Euler V2's modular design enhances security, flexibility, and transparency to support diverse asset classes in DeFi.
Deep dives
Euler Labs' Journey and Creation
Michael Bentley, co-founder and CEO of Euler Labs, shares the journey from his background in research science to founding Euler with two co-founders. Inspired by DeFi during the 2020 DeFi summer, the creation of Euler stemmed from his interest in decentralized systems and innovative approaches like compound's lending and borrowing model. The team's slow and careful academic approach led to the development of Euler after participating and winning hackathons.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode