Euler Update [17 Dec 2021]

Let's recap what has happened over the past few weeks!

Dec 17, 2021

Keep up to Date!

We are very excited to start off this edition of the newsletter by announcing that Euler is on mainnet!

After heavy participation in our testnet, we're thrilled that users can finally lend, borrow or even create feeless flash loans on our platform.

We’re also delighted to see the Euler mainnet launch being highlighted by media such as CoinDesk and The Daily Gwei, among many others!

We also launch the 'DeFi 2.71' podcast hosted by Euler's risk analyst Seraphim Czecker who talked about various DeFi topics with Evgeny from Re7 Capital in the first episode. You can listen to it on Apple and Spotify.

For our platform developments, our smart contracts are now publicly available on Github.

There are ongoing upgrades to the Euler front-end based on community feedback, you can add yours here. We aim to keep improving the UI as we have over 1,000 feedback forms to work through already, thank you!

We are also adding an ‘Oracle Rating’ analysis to the front-end to help users manage risk.

We'll be soon announcing a security partnership with Sherlock, keep an eye out for the official release.

For DeFi integrations, so far 21 new markets have been activated including USDC, WBTC, ENS and many more being activated nearly every day.

Concerning our marketing and community efforts, our Ambassador programme is set to be announced in January.

We launched our testnet and a guide for users to get more familiar with the platform before trying out the mainnet.

Last but not least, we launched our guarded mainnet and we aim for community governance and much more to come in Q1 2022.

By the way, if you're in France (or nearby) come meet the team and see Euler CEO Michael Bentley as a key speaker at the Paris Blockchain Week Summit from April 13th-14th 2022.

Career Opportunities

Are you looking to join the DeFi revolution and have a special set of skills and experience that can work well to advance the Euler protocol?

Send us a general application to careers@euler.finance

Progress Updates

News and Updates

Bitcoin dropped since the last newsletter, falling from its $55k-$60k range to now hovering between a $47k-$50k range with fears it’ll fall further.

Big news this week came from the U.S. gov’t having a number of meetings on the economy, finance and crypto.

Fed Chair Powell said the Fed will speed up tapering with aims to increase interest rates 3 times next year while calling crypto risky and for more regulations on stablecoins, but said he wasn’t worried about market stability due to crypto.

A couple of American Senators held a banking committee hearing and delivered dire warnings about the risks of stablecoins, stating the need for increased regulations.

The U.S. House Committee on Financial Services held a meeting with top crypto leaders about Digital Assets and the Future of Finance, with focus on stablecoins & Web3. Additionally, the EU Council plans to move forward on crypto regulatory framework.

Speaking of the U.S., a DAO tried to buy a copy of the U.S. Constitution but was outbid.

The FreeRossDAO was established to help Silk Road founder Ross Ulbricht currently in prison with a double life sentence, while a DAO has been set up to support Julian Assange after a UK judge allowed the WikiLeaks leader to be extradited to the U.S.

In other DAO news, $120M was drained from users’ wallets after BadgerDAO suffered a front-end hack. American fashion designer Virgil Abloh passed away but left a legacy, including one in Web3 and an envisioned DAO.

As for the DeFi space, ETH founder Vitalik Buterin mapped out a potential roadmap for ETH 2.0. Meanwhile, StarkNet Alpha launched its mainnet.

Messari launched Governor, a crypto governance aggregator and voting platform, while Delphi Digital released a model for optimized token launches.

Sushiswap saw a number of lead and core members leave as new proposals are being forwarded to try to save its future.

The institutions are coming!

PayPal enabled Bitcoin payments at checkouts for millions of merchant stores while WhatsApp launched a crypto payment pilot program in the U.S.

Kickstarter will start a blockchain-based crowdfunding project on Celo, and Twitch founder Justin Kan launched NFT gaming marketplace company Fractal.

The NFT industry continues to grow as Ubisoft launched NFT support for its Ghost Recon game. A patch of land in Decentraland was sold for a record $2.4 million USD worth of crypto.

Adidas entered the metaverse and partnered with BAYC, Pepsi dropped the “mic” on some NFTs, and Nike bought NFT collectable startup RTFKT.