Hey everyone, definikola here, responding on behalf of @BlockAnalitica.
Euler Prime WETH
As mentioned above, this ARK has already been added to the whitelisted set of yield sources at the SummerFi Lazy Protocol launch, however, it’s cap has been set to 0.
Please note that the cap for Euler Prime WETH ARK has been increased to 2950 of ETH with a max percentage TVL of 35%. More details can be found here.
Euler Swaap Lend ETH
Based on the currently available docs and whitepaper (which seem to be somewhat outdated), Swaap protocol v2 seems to be a Balancer v2 fork using “Boosted” pools for depositing liquidity into external protocol for additional yield, which were exploited back in 2023.
As far as the Swaap Lend protocol is concerned (we indentify Swaap Maker, Swaap Earn, and Swaap Lend protocols), it currently stands at $4.3m TVL and has $1.4m in Euler v2 vault with collaterals using custom oracles.
Considering the Swaap Lend protocol let’s users lend assets like ETH and USDC against Swaap LP tokens, it’s safe to conclude that the Swaap Lend users are exposed to a similar type of risk.
Due to this limited data and documentation of the Swaap protocol, lack of audits (the docs link to the Balancer v2 audits), and our lack of awareness of this project until recently, we recommend not listing this Euler vault as an ARK in SummerFi Lazy protocol.