diff --git a/package-lock.json b/package-lock.json
index 794800f1dd..92ea6e763e 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -11,7 +11,7 @@
       "license": "ISC",
       "dependencies": {
         "@coral-xyz/anchor": "^0.30.1",
-        "@defillama/sdk": "latest",
+        "@defillama/sdk": "*",
         "@project-serum/anchor": "^0.26.0",
         "@solana/web3.js": "^1.87.6",
         "@solendprotocol/solend-sdk": "^0.4.3",
@@ -4028,9 +4028,10 @@
       }
     },
     "node_modules/undici": {
-      "version": "5.28.4",
-      "resolved": "https://registry.npmjs.org/undici/-/undici-5.28.4.tgz",
-      "integrity": "sha512-72RFADWFqKmUb2hmmvNODKL3p9hcB6Gt2DOQMis1SEBaV6a4MH8soBvzg+95CYhCKPFedut2JY9bMfrDl9D23g==",
+      "version": "5.28.5",
+      "resolved": "https://registry.npmjs.org/undici/-/undici-5.28.5.tgz",
+      "integrity": "sha512-zICwjrDrcrUE0pyyJc1I2QzBkLM8FINsgOrt6WjA+BgajVq9Nxu2PbFFXUrAggLfDXlZGZBVZYw7WNV5KiBiBA==",
+      "license": "MIT",
       "dependencies": {
         "@fastify/busboy": "^2.0.0"
       },
diff --git a/projects/euler/v2.js b/projects/euler/v2.js
new file mode 100644
index 0000000000..f2bf78e519
--- /dev/null
+++ b/projects/euler/v2.js
@@ -0,0 +1,45 @@
+const { ethereum } = require('.')
+const { getLogs } = require('../helper/cache/getLogs')
+const { sumTokens2 } = require('../helper/unwrapLPs')
+
+const EULER_FACTORY = "0x29a56a1b8214D9Cf7c5561811750D5cBDb45CC8e"
+module.exports = {
+    methodology: `TVL is supply balance minus borrows the euler contract.`,
+    ethereum: {
+        tvl,
+        borrowed
+    }
+};
+
+async function tvl(api) {
+    const logs = await getLogs({
+        api,
+        target: EULER_FACTORY,
+        fromBlock: 20529225,
+        eventAbi: "event ProxyCreated(address indexed proxy, bool upgradeable, address implementation, bytes trailingData)",
+        onlyArgs: true
+    });
+
+    const vaults = logs.map(log => log.proxy);
+    const underlyingAssets = await api.multiCall({ abi: "address:asset", calls: vaults})
+    const tokensAndOwners = underlyingAssets.map((underlying, i) => [underlying, vaults[i]]);
+
+    return sumTokens2({ api, tokensAndOwners });
+}
+
+async function borrowed(api) {
+    const logs = await getLogs({
+        api,
+        target: EULER_FACTORY,
+        fromBlock: 20529225,
+        eventAbi: "event ProxyCreated(address indexed proxy, bool upgradeable, address implementation, bytes trailingData)",
+        onlyArgs: true
+    });
+
+    const vaults = logs.map(log => log.proxy);
+    const underlyingAssets = await api.multiCall({ abi: "address:asset", calls: vaults})
+    const borrows = await api.multiCall({ abi: "uint256:totalBorrows", calls: vaults})
+
+    api.addTokens(underlyingAssets, borrows);
+    return api.getBalances();
+}
\ No newline at end of file