Euler Update [20 May 2022]
Let's recap what has happened over the past few weeks!
Keep up to Date!
eIP10 passed, which enabled MKR as cross tier asset. eIP11 also passed, which made wstETH as a collateral asset on Euler. wstETH’s Uniswap V3 oracle was strengthened by FTX, Jump, and others. Michael wrote a thread about the stETH/ETH peg during the recent volatility as wstETH joined Euler’s 4th Epoch.
eIP7, promote MATIC to collateral tier, is once again open for discussion as Polygon and FTX provided $300k worth of full-range liquidity, thus strengthening its oracle by 15 times. Uniswap’s Hayden Adams said the oracle sponsorship is “very cool”.
Euler has updated the Mint function and introduced the Estimated Time to Liquidation feature. The Euler SDK was released open source to the public, so developers can easily build using Euler's smart contracts, launch a project with our batch transactions, and much more.
altooptimo.eth created a new dune dashboard for historical utilisation and borrow rates on Euler. The Euler FAQ section in the documentation page has been updated thanks to input from the community. Euler's merkle mining staking contract has been audited by Omniscia.
Seraphim talked with Simon Jones, co-founder of Voltz Labs, on the DeFi 2.71 podcast about DeFi and interest rate swaps and more. Euler COO Brandon Neal was recently quoted in a Reuters article about the latest downturn in the crypto markets.
Michael was recently interviewed on the Crypto 101 podcast, having discussed DeFi innovation and Euler's features and risk management. If you're in Germany, join Michael at the inaugural Blockchain Oracle Summit in Berlin on 7-9 June.
News and Updates
Fidelity is adding bitcoin as an option for 401(k) plans later this year. The International Monetary Fund has dedicated a chapter on DeFi in their 2022 report. Goldman offers its first Bitcoin-backed loan. Stripe is introducing crypto payouts. Compound Treasury received a B- credit rating from S&P Global Ratings.
Kraken will offer NFTs, as Coinbase’s NFT market is in open beta. Starbucks aims to release NFTs while Instagram will support NFTs. Google is creating a web3 team. a16z, Binance and a number of others are joining Musk's bid for Twitter.
Tron released USDD stablecoin, mimicking Anchor/UST’s algo model. Bancor V3 was released while Ribbon Finance released their V3. DeFiLlama released its open source APY dashboard. New Degen Score is out.
Encode Club raised $5m seed round.
Lemniscap also invested in Questbook.
Tweet of the Week
Maybe the ETH merge can save the markets.