What is Euler Coin?
Euler is a decentralized lending protocol built on Ethereum that enables flexible and permissionless borrowing and lending across a range of crypto assets. Unlike traditional DeFi platforms, Euler allows users to create their own isolated markets for ERC-20 assets. By separating assets into independent lending pools, the project minimizes contagion risks from volatile or illiquid tokens, allowing both established and emerging assets to coexist securely within the same ecosystem.
At the heart of Euler’s architecture are isolated risk vaults and a suite of tools that give users and developers greater flexibility in managing capital. The protocol’s Euler Vault Kit (EVK) allows anyone to design and deploy custom lending strategies or collateralized debt strategies. Meanwhile, the Ethereum Vault Connector (EVC) facilitates interactions between vaults via the ERC-4626 standard, enabling advanced cross-market functionality without compromising security. To ensure accurate pricing and reduce manipulation risks, Euler combines oracle data from Chainlink and Uniswap v3.
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