HackerHaus Livestream: Vault Code Walkthrough

**Euler is launching credit infrastructure for deSPXA**, a tokenized S&P 500 index, on Base network. **Key Details:** - deSPXA tracks the S&P 500 directly from S&P Dow Jones Indices data, constructed fully onchain through Centrifuge's deRWA framework - Not a wrapped ETF - the index is built natively onchain via the Janus Henderson Anemoy S&P 500 Index Fund - Users can use deSPXA as collateral to borrow, hedge, or take directional positions - Euler's vault architecture provides risk-isolated markets with independent parameters, curated by Clearstar Labs The integration aims to transform tokenized assets from passive holdings into active financial instruments within DeFi. Launch expected soon on Base.

Following the Resolv security incident involving unauthorized USR minting, Euler has provided an update on affected markets: **Current Status:** - Euler Yield market on Arbitrum remains paused with ~$500k USDC loans backed by RLP collateral - Resolv-related Frontier markets on Plasma paused with ~$50k in loans against USR collateral - Team awaiting guidance from Resolv on next steps **Precautionary Measures Taken:** - RLP disabled as collateral in Arbitrum Euler Yield vault - Euler Earn USDC on Arbitrum no longer allocates to Euler Yield **Expected Resolution:** Based on Resolv's commitment to honor pre-hack USR redemptions at 1:1, the Plasma market is expected to settle gradually over time. Euler continues monitoring the situation and will share updates as information becomes available.

Euler's Euler Vault Kit (EVK) introduces a flexible architecture allowing **multiple vaults for the same underlying asset** with different risk parameters. **Key Features:** - Curators can create both conservative and aggressive markets for identical tokens - Each vault operates in complete isolation from others - Vaults can accept other vaults as collateral through the Euler Vault Connector (EVC) **Benefits:** - Expanded asset options for borrowers - Increased liquidity across markets - Customizable risk profiles for different user preferences Users can explore vault relationships and connections at [explorer.euler.finance](http://explorer.euler.finance). This modular approach gives DeFi users more choice in how they interact with lending markets while maintaining security through vault isolation.

Securitize and Euler have launched structured, isolated lending markets that allow tokenized real-world asset funds to serve as collateral in DeFi protocols. **Key Development:** - Tokenized funds can now be used as collateral in onchain lending markets - The partnership creates isolated lending environments for regulated RWAs - Markets are curated by kpk_io **What This Means:** The integration addresses a gap in DeFi infrastructure by enabling regulated tokenized assets to participate in lending protocols while maintaining compliance requirements. Isolated markets reduce systemic risk by containing potential issues within specific asset pools. This builds on the broader trend of RWA-lending convergence, where tokenization brings traditional assets onchain and lending protocols make them functional for institutional use cases.

Euler's CEO Jonathan Han has shared the company's strategic direction for 2026, positioning Euler as **the credit layer of the internet**. The UK-based protocol, which builds non-custodial solutions on Ethereum, continues to gain recognition in the institutional finance space. The Ethereum Foundation recently featured Euler, highlighting how **programmable institutional finance** is being built on Ethereum infrastructure. This announcement signals Euler's ambition to expand beyond traditional DeFi lending into broader credit infrastructure for the internet.