# Announcement of Euler Treasury Transactions - 14 May 2024 **URL:** \ **Category:** Foundation\ **Created:** [May 14, 2024, 3:26pm UTC](https://forum.euler.finance/t/announcement-of-euler-treasury-transactions-14-may-2024/1083 "2024-05-14T15:26:15Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Euler\_Foundation](https://yyz1.discourse-cdn.com/flex007/user_avatar/forum.euler.finance/euler_foundation/32/554_2.png) [@Euler\_Foundation](https://forum.euler.finance/u/Euler_Foundation)\ **Post date:** [May 14, 2024, 3:26pm UTC](https://forum.euler.finance/t/announcement-of-euler-treasury-transactions-14-may-2024/1083/1 "2024-05-14T15:26:15Z")
From: The Euler Foundation To: The Euler Community Announcement of Euler Treasury Transactions The Euler Foundation would like to brief the community on a transaction that will be debited from the Euler treasury. In the coming days, the Euler Foundation will pay an invoice issued by Euler Labs for $1,250,000, for an upcoming Cantina audit competition. This security cost is part of the scope of services managed by Euler Labs, which was approved by the Euler DAO in [eIP 59](https://forum.euler.finance/t/eip-59-contract-for-services-with-euler-labs/1071). Euler is running a month-long audit competition with Cantina, with a total prize pool of $1,250,000. The competition starts on May 20th. Any funds not distributed in prizes will be returned to the DAO treasury. More information about the Cantina audit competition can be found [here](https://x.com/eulerfinance/status/1770857908911157637). Thank you, The Euler Foundation