Euler

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.

Gmega, a UK tech startup focused on building non-custodial protocols on Ethereum and other blockchains, has released a new podcast episode featuring Fintech Frank. The discussion covers key topics such as security, modularity, and risk-weighted assets (RWAs) related to their version 2 platform.

In the upcoming v2 release, Ethereum-based lending protocol will introduce cluster vaults, a new feature that allows trades to easily bootstrap each other's liquidity. A cluster is a set of cross-collateral assets that can borrow from one another. This opens up possibilities for trades to provide liquidity to each other. For example, one cluster could consist of stETH, rETH, and ezETH as collateral assets, with ETH as the borrowable asset. Another cluster could have ETH as collateral and DAI, USDC, and USDT as borrowable assets. Traders seeking to amplify their LRT/LST yield can borrow ETH supplied by traders looking for leverage on ETH. This creates an ecosystem where one trade bootstraps the next, while giving users optionality in their risk exposure.