Managed → Unverified
Oh, how thoughtful of @eulerfinance to mark those wrecked vaults as “Unverified”
After the house flooded and the roof blew off
Their note even says:
“Unverified vaults … offer minimal guarantees … intended for advanced users only...”
Nice PR move → might win a few sympathy points in court
But tell me, why install seatbelts after the crash?
➢ 4
Euler, do you really expect fresh liquidity after walking away from users who trusted your “curated” vaults?
Trust > incentives
Responsibility > marketing
Time to step up, not fade out
@worldlibertyfi@Re7Labs Guys,what do you mean by this? My USD1 funds are frozen in the Euler protocol on the BSC blockchain. Do your partners at WLF know that you're discrediting their assets and activities? You're scamming people and your partners! Return the funds to the users
Please treat this as more than noise
Thanks @euler_mab for the update and for trying to reach out. That said, words matter less right now than concrete next steps we can follow as a community. A few things we (creditors / stakers / users) urgently need to see from Euler and the teams you’re trying to contact:
1. Clear timeline & outreach log. Which channels were used, when, and who at Elixir / Stream / StableLabs was contacted? Publicizing this (redacted where necessary) shows you actually tried and helps the community verify outreach efforts
2. Interim protections. If direct cooperation isn’t possible today, what temporary measures can Euler enable to reduce downside for users now?
3. Accountability mechanism for curators/issuers. Permissionless rails don’t absolve responsibility. Will Euler propose curator bonding, insurance pools, or on-chain remediation paths to prevent this repeating?
4. Concrete recovery roadmap. If the issuer teams engage, what’s the plan recapitalization, staged repayments, token swaps, escrowed settlements? Put options on the table so users can evaluate scenarios instead of guessing
5. Community escalation channel. If you can’t reach them, create an explicit ask: who in the community can legally/operationally help contact these teams? A public coordinator (or lawyer/mediator) would be helpful
6. Transparency on bad-debt accounting. Publish current bad-debt numbers, per-vault exposure, and which markets are truly isolated vs. systemically linked. Data > platitudes
We don’t want theatrics. We want a plan we can follow and audit. Silence or abstract promises leave users holding illiquid positions and magnify panic. If Euler is truly “working around the clock,” show us the work: timelines, logs, dashboards, and a list of proposed emergency actions the DAO can vote on today
Finally we need accountability. What’s the first concrete step Euler will publish in the next 24 hours?
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