🌐 WHAT IS EULER ($EUL)?
✔️ Euler is an advanced decentralized lending and borrowing protocol on Ethereum.
✔️ The biggest difference: Euler allows permissionless listing. Anyone can create a lending market for any token (as long as there is a liquidity pair on Uniswap V3).
✔️ This addresses the issue of Aave/Compound (which only lists large tokens), allowing "long-tail assets" (riskier assets with smaller market caps) to be used as collateral and for lending.
💎 Core mechanism:
✔️ Isolated Markets: The risks of long-tail assets are completely isolated. If one asset in the isolated market collapses, it does not affect the main safe assets (like USDC, ETH) in the protocol.
✔️ Asset Tiers: Asset classification (Collateral, Cross, Isolation) for flexible collateral risk management.
✔️ Rapid adjustment of interest rates according to market supply/demand.
✅ Create a Binance account to hunt for free airdrops: binance.com
⭐️ HIGHLIGHT:
💎 Euler was hacked for nearly $200 Million in March 2023
💎 Achievement: The team has negotiated and recovered NEARLY ALL of the stolen funds, returning them to users. This demonstrates an extremely strong crisis management capability and the rebuilding of trust.
💎 Fundraising: $32 Million (Series B) and $8 Million (Series A).
💎 Backers: Led by Paradigm, Haun Ventures, with participation from Variant, Coinbase Ventures.
📈 TOKENOMICS
➡️ Maximum supply: 27,182,818 EUL
➡️ Listing Circulating Supply: Approximately 19.8 Million EUL
➡️ Airdrop: Binance distributed 543,657 EUL through HODLer Airdrops
💲 Market Information and Personal Insights
The price $EUL reacted well to the listing news, but also faced general selling pressure like other Airdrops. ATH on Binance around ~11.9$, followed by a strong correction with no signs of weakening downtrend.
At the time of writing (07/11/2025), the price is trading around $5.5. Market capitalization is $115 million. With the general context of altcoins continuously probing the bottom, we need to stay outside and observe more to wait for the downtrend to weaken and transition to a consolidation phase.
⚠️ This article provides information and should not be considered investment advice. Please take responsibility for your own decisions. #EUL $EUL
