Euler Update [20 Nov 2021]

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

Nov 20, 2021

Keep up to Date!

The Euler team made progress in several areas as we quickly advance towards our mainnet launch, so keep watch for further updates!

We're currently working on a final cleanup and additional checks of our smart contracts before deployment.

The latest audit from Certora has been completed and we’re now awaiting a final report.

Meanwhile, we’re continuing internal tests of our testnet but its launch is imminent!

Check out last month’s summary on everything we accomplished. Be on the lookout for an upcoming post of October’s monthly AMA too.

Some of you may have noticed a new report about TWAP on our Github. Read the full paper linked in the tweet below where CEO Michael Bentley offers more insight.

Michael Bentley @euler_mab

Let's have a conversation about how to manipulate @Uniswap v3's time-weighted average price (TWAP) oracles. How would you do it? How much would it cost? How much profit could you make? Read on, or check out my short paper here:

GitHub - euler-xyz/uni-v3-twap-manipulationContribute to euler-xyz/uni-v3-twap-manipulation development by creating an account on GitHub.github.com

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 ranged a bit around $60,000 USD over the past few weeks before making a new all time high at $68,400 but then correcting to currently around $58,000.

Bitcoin also welcomed its Taproot upgrade while Ethereum’s Arrow Glacier upgrade aims for an early December date.

A number of new DeFi related funds have been launched worth billions including Near ($800m), Avalanche ($220m), Oasis ($160m), Paradigm ($2.5b), among others.

Unfortunately, there were also some hacks including bZx for several million and Cream Finance for $130m as DeFi exploits reached $680m so far this year.

Aave Protocol is launching V3 which enables new features like multichain integrations and risk adjustments.

DEX aggregator ParaSwap launched its own token, airdropping 150 million PSP.

Uniswap is undergoing a fabulous rebranding to connect their labs, grants program, and protocol under a similar aesthetic.

ENS, the service that provides .eth names, has launched an airdrop and a call for delegates.

Why do people have (3,3) in their twitter names? What are Ohmies? Check out this article on Olympus DAO, a decentralized financial reserve currency, which has spawned numerous copy projects.

THE MCRIB IS BACK. McDonald's is celebrating its 40th anniversary with an NFT.

Adobe partners with OpenSea and other NFT marketplaces to display content credentials, including through a Photoshop tool.

Facebook’s big [meta]verse announcement also teased plans for NFTs and Los Angeles is now home to the Crypto.com Arena.

Euler Stats

Coming soon!

Market Stats

DeFi Market Cap - $153,658,234,970 ETH Market Cap - $511,830,556,680 DeFi:ETH Ratio - 30.0% 24H Trading Volume - $8,363,097,078 Defi Dominance (vs. Global) - 5.6% Terra DeFi Dominance - 11.4% Total Value Locked (TVL) - $201,563,263,563