The brand new model contains the Euler Vault Package and the Ethereum Vault Connector, designed to facilitate decentralized, non-custodial credit score markets.
Euler v2 goes dwell, introducing a modular design and improved borrowing choices
Euler v2 introduces a modular strategy to DeFi, enabling a variety of borrowing and borrowing choices.
The platform’s use of ERC4626 vaults permits progressive collateral and liquidity options
Euler Finance, a DeFi platform constructed on the Ethereum blockchain, right this moment introduced that it has formally launched Euler v2, with superior options comparable to a modular design and enhanced lending capabilities.
Modularity and adaptability have change into important to beat liquidity fragmentation and excessive funding prices in DeFi lending.
Modular lending options, comparable to Euler v2, intention to make DeFi lending extra environment friendly and user-friendly by enabling the permissionless creation of vaults that may join different vaults and use them as collateral.
“Euler v2 represents a turning level not only for us, however for your complete DeFi ecosystem. With Euler v2’s modular design, we’re redefining the probabilities for on-chain credit score, permitting customers to construct, borrow and lend with a brand new stage of flexibility and capital effectivity. This launch is a catalyst for the subsequent wave of DeFi progress,” mentioned Michael Bentley, co-founder and CEO of Euler Labs.
Euler mentioned v2 will enable builders to create extremely customizable credit score and mortgage vaults. This flexibility breaks via limitations and makes it simpler to construct new monetary merchandise.
In response to Euler, two key parts of the brand new protocol are the Euler Vault Package (EVK) and the Ethereum Vault Connector (EVC).
The EVK facilitates the implementation of ERC4626 safes, permitting builders to create and customise their very own mortgage safes with out permission. The equipment helps a number of vault lessons, together with escrow collateral vaults, managed/unmanaged vaults, and income aggregator vaults.
These vaults are adaptable to totally different governance and threat administration kinds and assist all the pieces from crypto-native tokens to real-world property, Euler famous.
In the meantime, the EVC enhances vault capabilities, permitting them for use as collateral for different vaults, making a extra interconnected lending ecosystem.
Euler mentioned this modular structure not solely helps conventional borrowing and borrowing, but additionally the creation of artificial property and collateralized debt positions.
Euler v2 additionally comes with superior threat administration instruments designed to offer a complete and user-friendly expertise whereas considerably lowering liquidation prices in comparison with v1.
With the brand new launch, Euler goals to get rid of fragmentation in conventional DeFi lending markets.
The corporate expects Euler v2 to unlock new alternatives for each seasoned DeFi customers and institutional newcomers. The objective is to allow customers to create, join, and optimize vaults to satisfy any technique or want.
The launch of Euler v2 additionally marks Euler Finance’s robust comeback after a $200 million exploit final yr. The corporate expects its v2 to transcend a lending protocol and act as a meta-lending platform that lays the inspiration for on-chain credit score in DeFi.