Euler Finance pioneers DeFi with unique features: feeless flash loans, protected collateral, and permissionless lending markets on Ethereum. More
| Fully Diluted Valuation | $264.23M |
|---|---|
| 24H Trading Volume | $2.03M |
| 24H Low / High | $9.33 / $ 9.91 |
| Circulating Supply | 18.69 M |
| Total Supply | 27.18 M |
| Max Supply | 27.18 M |
| Categories | Paradigm Portfolio 4 more |
|---|---|
| Founder | Vitalik Buterin 2 more |
| Website | euler.finance Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Avascan 7 more |
| Contracts |
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4 more
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| Name | Pair | OG Score |
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Euler Finance has emerged as a trailblazer in the decentralized finance (DeFi) space, offering a non-custodial, permissionless lending protocol on the Ethereum blockchain. Designed to empower users to earn interest on their crypto assets or hedge against market volatility, Euler introduces groundbreaking features that set it apart in the rapidly evolving world of decentralized finance.
At the core of Euler's functionality is its unique lending and borrowing mechanism. Users deposit funds into liquidity pools and receive interest-bearing ERC20 eTokens in return. These eTokens can be redeemed for a share of the underlying assets in the pool, creating a dynamic where lenders continually earn interest on their supplied assets. Euler's approach to tokenizing debts through dTokens, similar to Aave's debt tokens, adds a layer of flexibility, allowing the construction of positions without direct interaction with underlying assets.
Euler goes beyond traditional DeFi protocols by introducing features like protected collateral and feeless flash loans. The option to designate collateral as 'protected' ensures it is shielded from the risks associated with lending, providing users with instant withdrawal capabilities and protection against defaulting borrowers. Additionally, Euler's innovative approach to deferring liquidity checks allows users greater flexibility in managing their transactions. Notably, Euler's feeless flash loans, distinct from Aave's native flash loan concept, empower users to defer liquidity checks, execute uncollateralized borrows, and leverage these operations for various purposes such as rebalancing positions or seizing external arbitrage opportunities.
Euler (EUL) distinguishes itself with innovative features like feeless flash loans, protected collateral, and permissionless lending markets on the Ethereum blockchain, revolutionizing decentralized finance (DeFi).
The founders of Euler are Vitalik Buterin, Charles Hoskinson and Jeremy Wood.
Euler has garnered support from Paradigm, Coinbase Ventures, CMT Digital, Morningstar Ventures and other backers and investors.
You can buy Euler (EUL) on MEXC, Gate.io, Coinbase, Kraken, HTX cryptocurrency exchanges.
