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Euler V2 | Ethereum | available#194

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Euler V2 | Ethereum | available#194
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@varshith257 varshith257 commented Jun 21, 2025

Note:

Diagram to be added.

Part of #145

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@varshith257 varshith257 marked this pull request as draft June 21, 2025 13:33
@varshith257 varshith257 marked this pull request as ready for review June 21, 2025 13:36
@yvesbou yvesbou self-assigned this Jun 23, 2025
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yvesbou commented Jun 23, 2025

Hi @varshith257

Thanks for your submission.

The reports misses several crucial elements

  • Diagram
  • Protocol Analysis (how the protocol works, also referencing and explaining the diagram)
  • Assessment of Oracles in Autonomy/Dependency
  • Assessment of OFT in Autonomy/Dependency

The diagram and protocol analysis is required to make sense of upgradeability and autonomy findings + the governance structure.

Regarding oracles, for the bounty we required explicitly assessment of the oracle adapters:

Please have also a look at
https://github.com/euler-xyz/euler-interfaces/blob/master/addresses/1/OracleAdaptersAddresses.csv
and determine the different adapters used. Insights from this research will determine the autonomy/dependency risk for the report.

Besides, the missing pieces, for upgradeability we need clear assessment of the vectors and where and under what circumstances they lead to either loss of funds or loss of unclaimed yield.
Just two examples for this

  • setLTV in EVault
  • setLockdownMode in EthereumVaultConnector

We give you 1 week to show a significant improvement of this report and incorporating the above mentioned feedback.

@yvesbou yvesbou changed the title Euler V2 | Ethereum Euler V2 | Ethereum | 30.06.2025 Jun 23, 2025
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yvesbou commented Jul 2, 2025

@varshith257 can you report please on the progress made? and push the progress you've made pls

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Hi @yvesbou,

Thanks for follow up. I am currently tied up with works from my full-time job and unable to push this over the finish line right away. That said I have already completed a first version of the protocol diagram (in Mermaid) and just need to port it to Excalidraw. I also plan to write the full protocol analysis section and address the autonomy/dependency assessments you mentioned.

If there is any template/example you recommend for structuring these parts especially for oracle adapters and upgradeability vector impact that would really help. I will aim to take out time over this weekend to complete the report properly and mark this PR as ready when I am ready to submit a meaningful update. Pushing it as draft for now

Appreciate your guidance

@varshith257 varshith257 marked this pull request as draft July 2, 2025 19:39
@yvesbou yvesbou changed the title Euler V2 | Ethereum | 30.06.2025 Euler V2 | Ethereum | 21.07.2025 Jul 11, 2025
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yvesbou commented Jul 11, 2025

Hey @varshith257 - we would like to see your progress

@yvesbou yvesbou changed the title Euler V2 | Ethereum | 21.07.2025 Euler V2 | Ethereum | available Aug 4, 2025
@yvesbou yvesbou closed this Jan 6, 2026
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