Foto: Bitvavo
Euler is a new crypto project on Bitvavo that aims to give crypto lending a significant upgrade. While that might sound complex, the concept is straightforward: instead of a single, rigid lending platform, Euler offers a fully modular system, allowing you to determine exactly how you lend, borrow, or deploy your capital.
The EUL token plays a central role within this ecosystem.
Why Euler Is More Flexible Than Traditional Lending Platforms #
Where most lending protocols stick to a limited number of assets and fixed risk profiles, Euler takes a different approach. You can use almost any crypto as collateral and decide for yourself how much risk you want to take.
This is made possible through so-called vaults, which are digital safes where you place your funds. Each vault has its own settings, such as interest rates, risk levels, and collateral limits. You can easily switch between vaults or adjust them without constantly having to close your positions.
Behind the scenes, Euler works with two important innovations. The first is the Euler Vault Kit, a sort of toolkit that allows developers to build new lending markets in minutes.
The second is the Ethereum Vault Connector, a system that ensures these vaults can use each other as collateral. This may sound technical, but it simply means the entire ecosystem can communicate with one another.
For example, if you have a position in one vault, you can use it to free up additional capital in another vault without having to deposit new collateral. The result is that capital can move more freely, enabling far more advanced strategies than on standard lending platforms.
EUL Now Available, Focused on Security and Governance #
Euler places a high value on security and reliability. The platform has been extensively audited by reputable security firms and has a $7.5 million reward program for anyone who discovers a vulnerability before hackers do.
Finally, EUL holders vote together on the future of the protocol, which features are added, and how risks are configured.