🏛️ Request for a Formal Governance Proposal Regarding Compensation for Users Affected by the Elixir and Steam Labs Collapse

Please note, dear users, that Euler is a modular protocol where everyone is free to create vaults and deposit money in them without being forced to do so, and is in no way responsible for the loss of funds in a vault managed by a third party.

Asking the protocol for compensation for a fault for which it is not responsible is like asking Uniswap for compensation because a pool has been rug pulled; it makes no sense.

The power of DeFi is to let users be in control of their money and put it where they want. It’s up to you to decide how much risk you’re willing to take.

In any case, I’ve talked to some of the biggest holders, and they’ll all vote against any form of compensation. The protocol shouldn’t have to pay for the curators’ mistakes.

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