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Euler is poised for explosive growth.
This EulerSwap volume was generated from a handful of closed beta testing positions.
What happens when EulerSwap is opened to the public and has hundreds or thousands of positions and a reward campaign behind it?
This EulerSwap volume was generated from a handful of closed beta testing positions.
What happens when EulerSwap is opened to the public and has hundreds or thousands of positions and a reward campaign behind it?
Fun stats lesson for the day.
Simpson's paradox, and how it can might make LPing look harder than it really is under some circumstances.
No idea if this happens in practice. Just a cautionary note about aggregating individual LP data into an average LP for display purposes.
Simpson's paradox, and how it can might make LPing look harder than it really is under some circumstances.
No idea if this happens in practice. Just a cautionary note about aggregating individual LP data into an average LP for display purposes.
Couple of $1.4m+ swaps recently routed through EulerSwap.
Even though we only have $250k liquidity on the test USDC/USDT pair.
Trades are more than 5x bigger than the pool's liquidity.
When this launches in earnest, it's going to melt faces.
Even though we only have $250k liquidity on the test USDC/USDT pair.
Trades are more than 5x bigger than the pool's liquidity.
When this launches in earnest, it's going to melt faces.
Couple of million $1.4m swaps recently routed through EulerSwap.
Even though we only have $250k liquidity on the test USDC/USDT pair.
Trades are more than 5x bigger than the pool's liquidity.
When this launches in earnest, it's going to melt faces.
Even though we only have $250k liquidity on the test USDC/USDT pair.
Trades are more than 5x bigger than the pool's liquidity.
When this launches in earnest, it's going to melt faces.
This is an insane graphic.
We deployed a couple of small test pools for the Cantina CTF contest. Expecting zero volume.
After just 2 days EulerSwap deployments are already threatening to become Uniswap v4’s top hooks.
We deployed a couple of small test pools for the Cantina CTF contest. Expecting zero volume.
After just 2 days EulerSwap deployments are already threatening to become Uniswap v4’s top hooks.
Pretty cool to see swaps routing through EulerSwap already just from the basic Cantina deployments.
Seems to have done a couple of million $ in volume already.
Sweet sweet toxic flow from our MEV friends.
Can see how the swaps have affected our account's positions below.
Seems to have done a couple of million $ in volume already.
Sweet sweet toxic flow from our MEV friends.
Can see how the swaps have affected our account's positions below.
JIT happens.
A brief note on LPing with EulerSwap's new DeFi primitive: just-in-time liquidity (JIT).
Useful for people competing in the capture the flag competition this week.
Do you know how those crafty market makers make money anon? They hedge, duh.
A common way to hedge an LP position is to:
- Deposit USDC
- Borrow WETH
- LP USDC/WETH
The initial position is delta-neutral, since the WETH debt cancels with the WETH supplied to the LP. But as the price moves, the amount of WETH in the LP position goes up or down. So market makers also:
- Rebalance LP to match debt, or vice versa
Rebalancing frequently helps to ensure neutrality, but costs more in operational expense.
Rebalancing infrequently exposes you to directional exposure, but costs less in operational expense.
Rebalancing is pretty costly on Ethereum and that makes profitable market making much harder.
Furthermore, most of the liquidity supplied to DEXs is usually idle or underutilised, making everything most costly.
With EulerSwap, you can boost revenues from market making by using lending vaults to earn additional supply APY, and lower the costs of market making by using JIT.
An easier way to hedge an LP position on EulerSwap is to:
- Deposit USDC
- Offer JIT liquidity on USDC/WETH
The initial position is delta-neutral, as above, because you have no debt and no WETH in the LP. But as the price moves, the amount of WETH collateral or debt in the LP goes up or down as before. So you:
- Rebalance LP to set WETH collateral and debt to zero
By using JIT you avoid taking out a large borrow and only borrow as much as you need to satisfy swaps just as the arrive.
In summary, you can use EulerSwap to increase rewards from LPing by earning additional lending yield and lower the capital costs and operational costs of LPing by using JIT.
We will be setting up a USDC/WETH JIT liquidity pool for the EulerSwap capture the flag competition starting later today. Stay tuned.
A brief note on LPing with EulerSwap's new DeFi primitive: just-in-time liquidity (JIT).
Useful for people competing in the capture the flag competition this week.
Do you know how those crafty market makers make money anon? They hedge, duh.
A common way to hedge an LP position is to:
- Deposit USDC
- Borrow WETH
- LP USDC/WETH
The initial position is delta-neutral, since the WETH debt cancels with the WETH supplied to the LP. But as the price moves, the amount of WETH in the LP position goes up or down. So market makers also:
- Rebalance LP to match debt, or vice versa
Rebalancing frequently helps to ensure neutrality, but costs more in operational expense.
Rebalancing infrequently exposes you to directional exposure, but costs less in operational expense.
Rebalancing is pretty costly on Ethereum and that makes profitable market making much harder.
Furthermore, most of the liquidity supplied to DEXs is usually idle or underutilised, making everything most costly.
With EulerSwap, you can boost revenues from market making by using lending vaults to earn additional supply APY, and lower the costs of market making by using JIT.
An easier way to hedge an LP position on EulerSwap is to:
- Deposit USDC
- Offer JIT liquidity on USDC/WETH
The initial position is delta-neutral, as above, because you have no debt and no WETH in the LP. But as the price moves, the amount of WETH collateral or debt in the LP goes up or down as before. So you:
- Rebalance LP to set WETH collateral and debt to zero
By using JIT you avoid taking out a large borrow and only borrow as much as you need to satisfy swaps just as the arrive.
In summary, you can use EulerSwap to increase rewards from LPing by earning additional lending yield and lower the capital costs and operational costs of LPing by using JIT.
We will be setting up a USDC/WETH JIT liquidity pool for the EulerSwap capture the flag competition starting later today. Stay tuned.
The first EulerSwap pool is live!
It's currently $10k pool simulating the depth of an $80k pool.
It's currently $10k pool simulating the depth of an $80k pool.
We like capture the flag (CTF) competitions at Euler.
Aside from being a great security excercise, inviting the brightest minds in web3 security to come try to take your money is a lot of fun.
Study the EulerSwap contracts.
Aside from being a great security excercise, inviting the brightest minds in web3 security to come try to take your money is a lot of fun.
Study the EulerSwap contracts.
Some great yields on Euler Yield market on Ethereum right now:
$rUSD 26.99%
$RLUSD 17.06%
$USDT 15.69%
$USDO 12.76%
$USDe 9.29%
$USDC 7.43%
$rUSD 26.99%
$RLUSD 17.06%
$USDT 15.69%
$USDO 12.76%
$USDe 9.29%
$USDC 7.43%
Stablecoin issuers in my DMs when realising you can turn $10m in traditional DEX liquidity into a $100m deep liquidity pool on EulerSwap with an industry low cost of capital.
Less than 12 hours later and Euler is the largest lending protocol on Unichain with $22m in total deposits.
Just a light sprinkling of Euler incentives and a first class product.
Just a light sprinkling of Euler incentives and a first class product.
Euler is growing quickly.
We’re hiring cracked web3 devs into smart contracts, dev rel, integrations, full stack, front-end.
If you're ambitious and want to build the best in DeFi, drop us a line: [email protected]
Deep DeFi lending/DEX knowledge required.
We’re hiring cracked web3 devs into smart contracts, dev rel, integrations, full stack, front-end.
If you're ambitious and want to build the best in DeFi, drop us a line: [email protected]
Deep DeFi lending/DEX knowledge required.
Euler is the friendliest protocol for borrowers and it isn’t even close.
Open and close positions with ease. Multiple sub accounts per wallet. Low fees. Industry defining low liquidation penalties. Customisations for RWAs and institutions.
Open and close positions with ease. Multiple sub accounts per wallet. Low fees. Industry defining low liquidation penalties. Customisations for RWAs and institutions.
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