Euler is a noncustodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset.

The EulerClaims contract implements a mechanism for users to redeem funds that were stolen during the March 13th, 2023 hack of the Euler protocol and subsequently recovered.

Zellic conducted a security assessment for Euler Labs Ltd. from April 10th to April 11th, 2023. During this engagement, Zellic reviewed Euler's code for security vulnerabilities, design issues, and general weaknesses in security posture.