Euler DAO Transfers Treasury to Updated Multi-Signature Address

Treasury Migration: Euler DAO is transitioning its Treasury to a new multi-signature address to enhance risk management by separating asset management from governance functions, announced on November 9th.

Market Stability: Following the migration announcement, there were no significant market fluctuations, with Euler's Total Value Locked (TVL) remaining stable at approximately 500 million on Plasma and 140 million on Ethereum.

Governance and Risk Mitigation: The restructuring aims to improve governance transparency and operational resilience, fostering user confidence and potentially driving institutional interest in decentralized finance.

Market Insights: Euler's governance token, EUL, experienced a slight increase in price but has seen a significant decline over the past week and 90 days, reflecting ongoing market volatility and investor sentiment.