Yesterday, after 3 weeks, the Euler exploiter of March 13th returned all of the recoverable stolen assets to the Euler DAO treasury.
It is one the largest recoveries in DeFi history.
All energy has now turned to making sure affected users can claim back their share of the recovered assets as soon as possible.
The Euler community and affected users have already begun developing a plan for this, which Euler Labs will help contribute to.
The claim calculations are not necessarily simple and a little more patience will likely be needed before assets can be claimed by their rightful owners.
However, a proposal will be published shortly, including an outline.
Starting today, community members can claim any available EUL tokens from previous epochs, select a delegate on the delegates page and participate in the future of decentralised finance.
Read more below on claiming and delegating.
The Medium announcement below details the future course for EulerDAO's launch, more info on EUL distributions, and how to take part in on-chain governance.
To claim available EUL tokens, head to the dApp and click the claim button.
The application to become an EulerDAO delegate is now open. Delegates vote on DAO proposals on behalf of the community.
Why apply to be a delegate?
Read below to find out how EulerDAO is truly governed by the community.
EUL token holders have full say in how the Euler Protocol functions. Not just a vote on merch drops or creating Discord channels.
Governance can vote to change functions such as:
-Asset tiers and borrow factors
-Whether an asset becomes collateral
-Risk parameters and more
EUL holders can vote by themselves or delegate their votes to someone else to represent their voice.
This uniquely enables new and existing communities to cooperate on a shared vision for the future of Euler's decentralised borrowing and lending protocol.