Euler Finance — a permissionless capital efficient lending protocol that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third party.
About Euler Finance
The coin defi project offers a range of innovations, never seen before in DeFi, including permissionless lending markets, reactive interest rates, secured collateral, MEV-resistant liquidations, multi-collateral stable pools, and more.
The project is governed by holders of the protocol's own governance token, called the Euler Governance Token (EUL).
To counter these issues, Euler uses risk-based asset levels to protect the protocol and its users:
| 1 | Isolation level assets are available for regular lending and borrowing. However, they cannot be used as collateral for borrowing other assets and can only be borrowed in isolation.. |
| 2 | Multi-level assets are available for regular lending and borrowing and cannot be used as collateral for borrowing other assets, but they can be borrowed together with other assets. |
| 3 | Collateral assets are available for conventional lending and borrowing, cross-borrowing and can be used as collateral. |
As the creators of the protocol, the Euler development team created a user-friendly interface for Euler smart contracts. Users are free to access the protocol in any format they wish, and developers recommend creating their own interface access points to the protocol to help to decentralize access and increase resistance to censorship. Euler allows its users to determine which assets are listed. Any asset that has a WETH pair on Uniswap v3 can be added as a credit market on Euler by anyone at once.
Additional information about defi app
The site has an introductory document and a WhitePaper. Thus, each participant can study the features of the project. RoadMap will be added later.
If you want to stay up to date with all innovations, subscribe to the community in such social networks:
The Medium blog publishes articles, describing the features of the platform. The audit of the smart contract has been verified and can be found at the link.