Euler DAO Treasury to Transition to New Multisig Address

According to Odaily, the crypto lending protocol Euler announced on the X platform that the Euler DAO Treasury will be moved to a new multisig address. This decision comes as the current Treasury multisig address is responsible for both holding DAO funds and executing protocol governance, which poses operational risks if not separated. The new multisig address has already been created, and assets from the existing Treasury address will be transferred to this new address. However, protocol income will be temporarily retained in the current address to facilitate easier tracking during the transition. The new Treasury multisig address will be dedicated solely to asset management and allocation.