Euler ( EUL)
Blockchain Service
Euler is a non-custodial permissionless lending protocol on Ethereum that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party.
Dec 12, 2023 00:00:00
Dec 30, 2023 00:00:00
ICO Details
What Is Euler?
Euler is a non-custodial permissionless lending protocol on Ethereum that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party.
Euler Unique Features
Permissionless listing
Euler lets its users determine which assets are listed; any asset that has a WETH pair on Uniswap v3 can be added.
Asset tiers
Euler uses a system of asset tiers to help maximising capital efficiency on the protocol without increasing systemic risk.
Reactive interest rates
Euler uses interest rate models backed by control theory to minimise governance and target a cost of borrowing that maximises capital efficiency.
MEV-resistant liquidations
Euler uses a Dutch auction coupled with a discount booster for liquidity providers to help limit value extraction from liquidations.
Protected collateral
Euler allows users to withold their collateral from borrowers, limiting trading risks, short selling opportunities, and governance manipulation.
Multi-collateral stability pools
Euler provides stability pools where lenders can passively swap their tokens for a discounted basket of collateral assets during liquidations.
Roadmap
- TBA
Euler Token Economy
EUL is an ERC20 token that acts as the native governance token of the Euler Protocol.
Detailed Token Metrics
TBA
Token Distribution
Total supply: 27,182,818
EUL Distribution: 25%
Retroactive: 1%
Team & advisors: 20.7%
Future developers, consultant and advisors of Euler XYZ or Euler Foundation: 4$
Safey Module: 2.5%
Investors: 26.2%
Treasury: 20.5%
Token Release Schedule
TBA
Partners & Advisors
TBA
Investors
Euler has received investments from Haun Ventures, ariant, FTX Ventures, Coinbase Ventures, Jump Crypto, Jane Street and Uniswap Labs Ventures.