Euler

Euler has open-sourced its liquidation bot, now available on GitHub. The bot: - Monitors borrower health scores - Simulates and executes liquidations - Checks liquidation bonus value vs gas costs - Executes liquidations when profitable - Sends remaining collateral to a designated wallet Key features: - No external capital or flash loans needed - Utilizes EVC's deferred liquidity mechanism **Interested users can now run the bot themselves.** For more details, visit: https://github.com/euler-xyz/liquidation-bot-v2

Uniswap and Euler have announced their collaboration for the upcoming ETHPrague Hackathon. To assist participants, Euler has open-sourced their internal deploy scripts, enabling easy setup of realistic testing scenarios. Comprehensive documentation and support through their Discord channel are also available, with the option to reach out to their developer relations representative, MickdeG010, for assistance.

Euler's Leighton Cuzner (@lmount_) will lead a workshop on how modular lending will become the consensus approach in decentralized finance (DeFi). The workshop is scheduled for tomorrow, May 29th, at 12:30 PM on the ACC stage.

HackerHaus, a UK tech startup focused on building non-custodial protocols on Ethereum and other blockchains, is currently hosting a livestream. The event features a walkthrough of the vault code for their upcoming v2 release, presented by the lead developer behind the project.

On May 9th, 2024, a cryptic message was shared hinting at the impending release of Euler v2, a highly anticipated update to the Euler protocol developed by the UK-based tech startup Community. While details remain scarce, the enigmatic tweet suggests that the team is working on a significant upgrade to their non-custodial protocols built on the Ethereum blockchain and other networks, leveraging advanced mathematical techniques.

A UK-based tech startup highlights the advantages of adopting a modular approach in building blockchain protocols. According to their recent post, modularity enables collaboration, customization, and targeted auditing. The company emphasizes the importance of these factors in developing high-performance, non-custodial protocols on Ethereum and other blockchain networks.

On May 6th, 2024, a report highlighted 17 promising crypto startups to monitor. One of the key developments mentioned was the implementation of a v2 liquidation mechanism. The report stated that the Dutch auction model would be retained, with additional custom flows introduced for advanced users.

A major cryptocurrency audit competition with a prize pool of $1.25 million has been announced. The event, touted as the largest of its kind, is scheduled to take place in 17 days. Further details about the competition and its organizers were not provided.

Euler's v2 upgrade introduces a modular design that allows for greater capital efficiency in decentralized lending protocols. Key features include the ability to connect multiple collateral assets to multiple liability assets, enabling more complex lending strategies. Additionally, v2 supports rehypothecation of collateral, allowing borrowers to earn yield on their collateral and reduce net borrowing costs. Unlike monolithic protocols where the entire system is tied to the weakest collateral asset, Euler v2 allows users to create independent collateral clusters, mitigating systemic risk. The upgrade offers flexibility in configuring lending setups, from simple pairs to intricate arrangements like Aave v3.

Delphi, a research firm, has published an in-depth analysis on Euler's upcoming version 2 and the future of modular lending protocols. The report provides insights into the advancements and potential implications of Euler's modular lending architecture.