About Euler

Euler is a permissionless, non-custodial lending protocol on Ethereum that enables users to earn interest on their crypto assets or hedge against volatile markets without relying on a trusted third-party. It consists of a set of smart contracts deployed on the Ethereum blockchain that are accessible to anyone with an internet connection. Management is handled by holders of a native governance token called Euler Governance Token (EUL). Euler is fully non-custodial, so users are responsible for managing their own funds. Lending and Borrowing: When lenders deposit assets into a liquidity pool on Euler, they receive interest-bearing ERC20 eTokens, which can be redeemed for their proportion of the underlying assets at any time, provided there are unborrowed tokens in the pool. Borrowers can t...