Idle Finance: Approximately $10.99 million in funds affected by the Euler attack incident

ChainCatcher news, the yield aggregation platform Idle Finance tweeted that, after investigation, the estimated exposure of the Euler Finance vulnerability to the protocol Yield Tranches is $5.6628 million, and the estimated exposure of the Best Yield vaults is approximately $5.3271 million, totaling about $10.99 million.

Idle Finance emphasized that the actual impact will depend on the actions taken by the Euler team and any potential mitigation measures. The above figures are not actual drawdowns but are locked in the actual numbers from Euler.

Additionally, Idle Finance stated that last week, the Senior/Junior Best Yield DAI vault allocation was on Euler. However, due to the USDC depegging, MakerDAO increased the PSM transaction fee to 1% by executing the MIP proposal, which will affect Idle Finance's USDC to DAI conversion. The team triggered a rebalance over the weekend and quickly moved all funds to Aave, so the vault (with a total TVL of $11.2 million) did not come into contact with Euler and is now operating as expected and earning yields from Aave. (source link)