By Karnav Shah | 
November 9, 2021  | 
By Karnav Shah 
November 9, 2021  

Euler is a capital-efficient permissionless lending protocol that helps users to earn interest on almost any ERC20 asset. This innovation, coupled with MEV-resistant liquidations, tokenised debts, reactive interest rates and many more, makes Euler the lending protocol of the future.

PERMISSIONLESS

While other protocols only offer a small selection of assets, Euler empowers users to easily create their own markets for any Ethereum ERC20 token. By opening up lending/borrowing markets to any token, Euler unlocks the money market value of the entire crypto industry.

SWAP MODULE

Euler allows users to put on gas efficient one-click leveraged long and short positions on any collateral vs collateral asset pairs and one-click leveraged short positions on any collateral vs non-collateral pairs.

MEV RESISTANT LIQUIDATIONS

Euler makes liquidations open-access and incentivizes users to perform this function by offering collateral assets at a discount rate through a process similar to a Dutch auction where liquidation incentives grow as the position becomes unhealthy. The Dutch auction leads to fewer bidding wars amongst miners and hence lower gas fees.

SOFT LIQUIDATIONS

Euler’s “soft liquidation” process pays off an amount that brings the health score back into the green rather than liquidating half of their debt like on other lending protocols. This greatly improves the experience for borrowers.

PROTECTED COLLATERAL 

Users can collateralize assets as “protected” PTokens which can’t be loaned out, but provide additional safety without the worry of a pool becoming insolvent, at the expense of not earning any interest.

DISTRIBUTION SCHEME

Euler will become a decentralized autonomous organization called Euler DAO and offer governance tokens (EUL) through a distribution scheme program that incentivises lending and borrowing.

Find out more on https://euler.finance/

Check out our whitepaper https://docs.euler.finance/getting-started/white-paper

Follow us on Twitter https://twitter.com/eulerfinance

Commenting on the potential of the Euler project Editor in Chief at Cryptonaire Weekly Mr Karnav Shah said “Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset. We are pleased to discuss this important project and hope to share more about its journey in the coming weeks.”

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