What is Euler Finance (EUL)?
Euler Finance is a permissionless lending protocol built to help users lend and borrow a variety of crypto assets. EUL is an ERC-20 token that is compliant with the Ethereum network.
About Euler Finance
Euler Finance makes it possible for users to lend and borrow cryptocurrencies. What makes Euler Finance different from other DeFi lending protocols such as Aave or Compound is its use of risk-based asset tiers designed to protect the protocol from risks typically associated with decentralized permissionless lending, especially with respect to illiquid or volatile assets.
Lenders can deposit assets into a pool on Euler Finance in exchange for ERC-20 “eTokens,” and can redeem their shares (plus interest) at any time. Borrowers can take liquidity out of a pool and will need to return it with interest. Notably, Euler also allows users to deposit “protected collateral,” that will not be made available for lending.
Euler Finance also offers reactive interest rates, multi-collateral stability pools, risk-adjusted loans, and other DeFi products.
How EUL Works
The Euler Governance Token, or EUL, is an ERC-20 governance token compatible with the Ethereum blockchain network. Users holding EUL can have a say in the future decisions and direction of Euler Finance, as well as the EUL distribution. The Euler token (EUL) is also distributed to borrowers on select markets on its platform.
EUL can be purchased from numerous leading cryptocurrency exchanges.
Note: The Giving Block does not currently support EUL donations. See all cryptocurrencies supported by The Giving Block.
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