Euler

Explore Euler (EUL) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

Euler (EUL) Token Rights & Governance

The Euler DAO receives have of the protocol's 10% protocol fee, auctioned via Fee Flow.

EUL acts as the native governance token of the Euler protocol and represents voting power to effect change over the Euler protocol code or the Euler DAO treasury.

EUL is the governance token of Euler, granting holders and delegates voting power over platform upgrades, risk models, and treasury management through DAO proposals. EUL tokens are used in Fee Flow auctions, serve as rewards on the platform, and represent voting power to effect change over the Euler protocol code or the Euler DAO treasury