Euler is a DeFi (Decentralized Finance) protocol that facilitates the lending and borrowing of crypto assets without intermediaries. It introduced several novel features to the space, including permissionless lending markets, asset tiers to mitigate risk, reactive interest rates that respond to market conditions, and MEV (Maximal Extractable Value) resistance. The protocol was developed by Euler Labs and is governed by the Euler DAO. In March 2023, the protocol suffered a major exploit but subsequently recovered the vast majority of stolen funds.

Founded in

China