⚖️ The currency $EUL is about to be listed on the Binance platform… but there are doubts between what is permissible and what is forbidden
💠 First: An overview of the project
🔹 Currency: EUL (Euler Finance)
🔹 Type: Governance token (ERC-20)
🔹 Function: Enables users to manage a decentralized lending/borrowing protocol (DeFi) with high flexibility.
🔹 Goal: To develop a safer DeFi environment through the Vault Kit mechanism to create dedicated lending channels and link them with other chains.
🛡️ Second: The security and technical side
🔸 The project has undergone more than 12 security audits and 29 independent review reports.
🔸 It has a bug bounty program for discovering security vulnerabilities.
🔸 Users were compensated after an exploitation incident in 2023 — which increased the team's focus on security and fixing vulnerabilities.
⚙️ Result:
Security level is very good ✅
But the risk of smart contracts remains ⚠️
💹 Third: Tokenomics and currency market
💰 Total supply: 27,182,818 EUL
🔄 Circulating supply: about 19.8 million (approximately 73%)
📊 Primary use: voting, governance, and distribution of participation rewards.
📈 Fourth: Technical and fundamental analysis
🔸 Fundamentally:
A real DeFi project with effective products and an active community.
Listing on Binance is considered a strong turning point in liquidity and trading.
🔸 Technically:
A price surge at opening due to high demand.
But some warn of a quick correction after the first buying wave.
