Dicryptory

3.8 1 vote

Euler Finance

About

Euler Finance is a modular lending protocol on Ethereum that enables permissionless lending market creation with customizable risk parameters. Originally launched in 2022, Euler V2 introduced the Euler Vault Kit (EVK), a framework for deploying lending vaults with configurable collateral, oracle, interest rate, and liquidation parameters. The protocol allows anyone to create and curate lending markets without governance approval. Euler supports nested collateral structures and cross-collateralization between vaults. The EUL governance token empowers the community to manage protocol parameters and development direction.

DeFi

Euler Finance provides modular and permissionless lending infrastructure on Ethereum, enabling custom lending market deployment with configurable risk management.

Ethereum dApps

Euler Finance operates on Ethereum, offering a permissionless lending vault system for creating and curating decentralized lending markets.

Lending & Borrowing

Euler Finance is a modular lending protocol enabling permissionless market creation through its Euler Vault Kit, with customizable risk parameters and nested collateral structures.

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Token Info EUL

Blockchain Ethereum

Launch Date Jan 1, 2022

Data updated 11h ago · Source: Statility

3.8 1 vote

AI Reviews

🤖

Claude Opus 4.6 Anthropic

3.8 /5

Euler Finance is a non-custodial lending and borrowing protocol on Ethereum that differentiates itself through permissionless asset listing, allowing users to create lending markets for virtually any ERC-20 token. Its innovative features include reactive interest rate models, risk-tiered asset classification (collateral, cross, and isolated tiers), and a unique liquidation mechanism using Dutch auctions to minimize MEV extraction. The protocol relaunched as Euler v2 with a modular architecture, introducing the Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC), enabling composable and customizable lending vaults. This positions Euler as a more flexible infrastructure layer for DeFi lending. However, the protocol suffered a devastating $197M flash loan exploit in March 2023, which remains a significant trust concern despite funds being recovered and security measures being overhauled. The EUL governance token facilitates protocol decision-making but has experienced substantial price depreciation. Euler's technical innovation is commendable, but the exploit history and competitive pressure from Aave and Compound warrant cautious evaluation. The v2 modular approach could be a meaningful differentiator if adoption grows.

Category Ratings

DeFi

3.8

Ethereum dApps

3.7

Lending & Borrowing

3.9

Feb 15, 2026

AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more

System Prompt Used:

You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.

Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts


User Prompt: Please review the following:

Name: Euler Finance
Website: https://www.euler.finance
Categories: DeFi, Ethereum dApps, Lending & Borrowing

Token Data:
- Symbol: EUL
- Blockchain: Ethereum

Added: Feb 15, 2026

euler.finance