euler_mab

Euler is poised for explosive growth.

This EulerSwap volume was generated from a handful of closed beta testing positions.

What happens when EulerSwap is opened to the public and has hundreds or thousands of positions and a reward campaign behind it?

On arguably the most important metric for a lending protocol, total borrows, Euler is the fifth largest:

Aave $16.021b
Morpho $2.362b
Spark $1.718b
Kamino $1.463b
Euler $1.126b

DeFiLlama is now showing annualised incentives:

- Euler $3.13m
- Morpho $118.49m
- Aave $130.73m

Fun stats lesson for the day.

Simpson's paradox, and how it can might make LPing look harder than it really is under some circumstances.

No idea if this happens in practice. Just a cautionary note about aggregating individual LP data into an average LP for display purposes.

Couple of $1.4m+ swaps recently routed through EulerSwap.

Even though we only have $250k liquidity on the test USDC/USDT pair.

Trades are more than 5x bigger than the pool's liquidity.

When this launches in earnest, it's going to melt faces.

Couple of million $1.4m swaps recently routed through EulerSwap.

Even though we only have $250k liquidity on the test USDC/USDT pair.

Trades are more than 5x bigger than the pool's liquidity.

When this launches in earnest, it's going to melt faces.

This is an insane graphic.

We deployed a couple of small test pools for the Cantina CTF contest. Expecting zero volume.

After just 2 days EulerSwap deployments are already threatening to become Uniswap v4’s top hooks.

Pretty cool to see swaps routing through EulerSwap already just from the basic Cantina deployments.

Seems to have done a couple of million $ in volume already.

Sweet sweet toxic flow from our MEV friends.

Can see how the swaps have affected our account's positions below.

The first EulerSwap pool is live!

It's currently $10k pool simulating the depth of an $80k pool.

We like capture the flag (CTF) competitions at Euler.

Aside from being a great security excercise, inviting the brightest minds in web3 security to come try to take your money is a lot of fun.

Study the EulerSwap contracts.

Some great yields on Euler Yield market on Ethereum right now:

$rUSD 26.99%
$RLUSD 17.06%
$USDT 15.69%
$USDO 12.76%
$USDe 9.29%
$USDC 7.43%

Stablecoin issuers in my DMs when realising you can turn $10m in traditional DEX liquidity into a $100m deep liquidity pool on EulerSwap with an industry low cost of capital.

Less than 12 hours later and Euler is the largest lending protocol on Unichain with $22m in total deposits.

Just a light sprinkling of Euler incentives and a first class product.

Euler is growing quickly.

We’re hiring cracked web3 devs into smart contracts, dev rel, integrations, full stack, front-end.

If you're ambitious and want to build the best in DeFi, drop us a line: careers@euler.xyz

Deep DeFi lending/DEX knowledge required.

Euler is the friendliest protocol for borrowers and it isn’t even close.

Open and close positions with ease. Multiple sub accounts per wallet. Low fees. Industry defining low liquidation penalties. Customisations for RWAs and institutions.