Whilst having no direct exposure to Euler, some Yearn vaults had indirect exposure to the hack. This exposure amounts to $1.
13 Mar 2023, 16:16
Whilst having no direct exposure to Euler, some Yearn vaults had indirect exposure to the hack.
This exposure amounts to $1.38m in total, across yvUSDT and yvUSDC via strategies using Idle and Angle.
Developers are currently working with the affected protocols, and any bad debt remaining will be covered by the Yearn Treasury. All vaults will remain open and fully operational, and all users should expect business as usual.
We have great respect for the Euler team, and our thoughts are with them during this difficult time.