Euler
About
Euler is a non-custodial, capital-efficient DeFi lending protocol on Ethereum that allows users to earn interest on their crypto assets or borrow against a wide variety of assets. It features permissionless markets, risk-adjusted interest rates, protected collateral, MEV-resistant liquidations, multi-collateral stability pools, and sub-accounts. Euler suffered a $240M exploit in March 2023 and recovered funds through a white-hat hacker negotiation.
Use Cases
Lending, borrowing, yield farming, DeFi leverage
Technology
Categories
Source
Market Sentiment
EUL V2 Ethereum mainnet.
Report date: 2026-10-24
This is an analysis output, not investment advice.
+ Strengths
- +Capital-efficient lending markets
- +Permissionless asset listing
- +MEV-resistant liquidations
- +Strong audit history post-exploit recovery
- Weaknesses
- -Suffered $240M exploit in 2023
- -Complex risk model for users
- -Reduced TVL post-incident
Team
Michael Bentley (co-founder/CEO), Jack Prior (co-founder), Doug Hoyte (co-founder); backed by Paradigm, Haun Ventures, Coinbase Ventures
Launch
2020
Total Supply
27,182,818
Circulating Supply
24,146,317
Max Supply
27,182,818
