Keep up to Date!
These past couple of weeks have been quite busy for the Euler team since last month’s newsletter.
We have token launch plans currently under review as we look to set up a Foundation to represent the future EulerDAO.
We’ve had several upgrades to our user experience and front-end as our devs added shortcuts for users to deposit and borrow. They also made some improvements to the styling and added a feature to wrap and unwrap ETH tokens.
We’ve started a few partnerships we’re excited to announce in the near future, and we also announced the winners of the Eulerian Trail on Discord. A few community-related surprises are coming soon as well.
Euler's devs initiated a new safety module, now under audit, that will help to protect our users.
Meanwhile, community-led governance and relaxation of constraints on collateral and borrowing are imminent.
Euler was highlighted in a mega thread on the DeFi lending landscape, while a number of crypto leaders, including Uniswap’s Hayden Adams and Instadapp’s Samyak Jain, noted the benefits of our new oracle attack simulator.
Euler CEO Michael Bentley was recently cited by researchers at Delphi Labs in a paper on TWAP oracle attacks.
If you're in Germany, join Michael at the inaugural Blockchain Oracle Summit in Berlin on 7-9 June.
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.
If you’re in the US, join Seraphim at Blockworks’ Permissionless conference in Palm Beach on 17-19 May.
Why is privacy on blockchains important for DeFi? Find out in Seraphim's latest interview with Aztec Network's Joe Andrews.
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 email@example.com
News and Updates
Bitcoin and crypto markets continue their bear-ish market performance as BTC has hovered between $35k to $45k amid global macroeconomic uncertainties stemming from US inflation, the Fed’s policies, and maybe even a US-Russian war over Ukraine.
Crypto traders have been paying more attention to the US economy and policies as they react to the Fed, who stated that interest rates will be unchanged for now but anticipate a rate hike in March. You should also check out key takeaways from January’s FOMC and the impact on markets.
Meanwhile, the Fed released new research on the risk and promise of stablecoins, and the US IRS said it will not tax unsold staked crypto as income. BlockFi said it will pay $100M to settle with the US SEC.
A number of interesting events came into the spotlight, such as the Fed’s Gordon Liao joining Uniswap and US authorities seized stolen Bitcoin from the 2016 Bitfinex hack as the hacker couple go hilariously viral. The DeFi Education Fund, a US gov’t lobbying group, posted several of their main initiatives taking place.
India has legalized crypto in the country and set some tax guidelines, while Canada sanctioned 34 crypto wallets tied to the Trucker 'Freedom Convoy' as the non-violent effort meets ‘authoritarian’ crackdowns.
Facebook-backed digital currency Diem was sold to a bank, and Gamestop dumped grant money it received from Immutable. Binance invested $200m in Forbes while BSC rebranded to BNB Chain. FTX raised $400M in Series C and bought Japanese exchange Liquid.
More organisations become DAOs as people see it as the future of work. A DAO aims to free Wikileak’s Julian Assange with $53M from an NFT sale. Balancer DAO passed a proposal to implement Curve's vote-escrow system by introducing the veBAL token.
Several developers and crypto personalities were banned, fired, or attacked in a recent spout of ‘cancel culture’ drama while AVAX-based Wonderland was being run by scandal-ridden QuadrigaCX co-founder.
Lemniscap took part in the seed round for SpinFi, a multichain decentralized derivatives trading platform.
CMT Digital backed a $6M raise for CoinLedger, a crypto tax software.
Tweet of the Week
MEV rivals send each other inspiring on-chain messages.