Logo of Euler V1Euler V1(EUL)
Total Value Locked$28,674.44

TVL by Chain

Ethereum$28,674.44

Key Metrics

Active Loans$0

$EUL Liquidity$208,945

Uniswap V3$197,478

Balancer V2$11,467

Total Raised$40.8m

Dec 6, 2020$800,000Round: SeedInvestors: Lemniscap

Aug 25, 2021$8mRound: Series AInvestors: Anthony Sassano, Cluster Capital, CMT Digital, Danilo S. Carlucci, David Hoffmann, Divergence Ventures, DOUBLE TOP, Hasu Fl, Josh Buckley, Kain Warwick, LAUNCHub Ventures, Lemniscap, Luke Youngblood, Manu Andorra, Paradigm, Ric Burton, Ryan Sean Adams, Supriyo

Jun 7, 2022$32mRound: Investors: Haun Ventures, Variant Fund, FTX Ventures, Coinbase Ventures, Jump Crypto, Jane Street, Uniswap Labs Ventures

Protocol Information

Permissionless crypto lending markets are almost here. Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset

WebsiteTwitter
Category:Lending

Audits:

Methodology

TVL: TVL is supply balance minus borrows the euler contract. Borrows are pulled from the subgraph.View code on GitHub

Hacks

Date: Mar 13, 2023

Amount: $197m

Classification: Token & Share Accounting

Technique: Donation Attack

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Returned Funds: $240m

Competitors

Aave V3 ($17.323b)Morpho Blue ($9.561b)SparkLend ($4.488b)Maple ($2.966b)Compound V3 ($1.414b)Venus Core Pool ($1.285b)Lista Lending ($859.14m)Fluid Lending ($726.3m)Euler V2 ($363.91m)Aave V4 ($346.25m)

Frequently Asked Questions

What is Euler V1's TVL?

Euler V1 currently has $28,674.44 in total value locked. TVL has decreased 8.4% over the past 30 days.

What chains does Euler V1 operate on?

Euler V1 operates on Ethereum. Ethereum holds the largest share at 100%.

How does Euler V1's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Euler V1 ranks #286 by TVL. The category holds $49.639b across 515 protocols, and Euler V1 accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Euler V2, and Aave V4.

How much has been borrowed through Euler V1?

Euler V1 currently has $0 in active loans.

Has Euler V1 ever been exploited?

Euler V1 has 1 recorded security incident. The most recent incident occurred on Mar 13, 2023 and involved $197m. It was classified as Token & Share Accounting.