Euler

A UK-based tech startup focused on building non-custodial protocols on Ethereum and other blockchains has announced plans to introduce several capital efficiency features in the next version of their lending platform. These include rehypothecation, the ability to use vaults as collateral, and borrowing against yield-bearing collateral. Further details are expected to be provided in an upcoming litepaper.

Euler Finance highlights the changing credit markets in DeFi and encourages preparation for the upcoming Euler Finance v2. The tweet humorously mentions that bankers in suits only touch yield-bearing assets. Let's 'Make Euler Great Again'.

The user functi0nZer0 is currently speaking at the main stage of eth denver. The talk can be watched live for those who could not attend in person.

Doug Hoyte from Euler Finance is currently presenting 'Euler Vault Kit: A Lending Ecosystem Built on ERC-4626 Vaults'. The community is eagerly anticipating the launch of Euler v2, showcasing excitement for the upcoming features and improvements.

Euler Finance developed FeeFlow and RewardStreams modules for protocols with numerous pools like lending, synths, and swaps. The modules are expected to be widely utilized and potentially forked multiple times.

Euler Finance has implemented a fee flow mechanism that allows users to auction off multiple tokens at once, build their own baskets, and avoid undesirable assets. This mechanism, which includes a dutch auction, saves on transfer costs by not explicitly holding assets. It aims to match the falling auction price with the value of the generated fees, offering a unique and efficient solution.

Euler Finance highlights that Uniswap seems to have independently developed a mechanism for $UNI similar to Euler v2's FeeFlow mechanism. FeeFlow allows UNI token holders to receive fees from a protocol, rather than the protocol buying back tokens.

The news from the Euler community on 2024-02-19 discusses the intersection of modularity and seamless liquidity in their version 2 release.

Euler v2 is expected to become the leading platform for lending and borrowing LSTs and LRTs, offering capabilities not found in most existing lending protocols.

Euler Finance introduced a new ERC20 extension to facilitate integration into lending protocols as collateral, making the process 10 times easier. Those creating new tokens, especially LRT or LST, can reach out for more information.