Cryptocurrency Q&A
What is Euler Finance?
What is Euler Finance?
CryptoElite
Thu Oct 31 2024
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5 answers
668
Euler Finance is a non-custodial protocol deployed on the Ethereum blockchain, providing crypto asset lending services. It completed a $32 million funding round led by Haun Ventures in June 2022. Euler Finance introduced several innovative features such as reactive interest rates, isolated protection of collateral, MEV-resistant liquidation, and multi-collateral stables to the DeFi industry. However, in March 2023, Euler Finance suffered an attack, resulting in a loss of approximately $200 million.
5 answers
BonsaiVitality
Sat Nov 02 2024
Euler Finance represents a groundbreaking development in the decentralized finance sector.
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Martina
Sat Nov 02 2024
The protocol operates on the Ethereum blockchain, ensuring transparency and security.
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ZenBalance
Fri Nov 01 2024
Users can engage in non-custodial lending, allowing them to retain control over their assets.
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Thunderbolt
Fri Nov 01 2024
Permissionless lending markets are a core feature, enabling anyone to participate without restrictions.
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KatanaSharpness
Fri Nov 01 2024
Euler Finance offers reactive interest rates, which adjust dynamically based on market conditions, providing users with flexible earning opportunities.
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