Euler Update [24 Oct 2021]

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

Oct 24, 2021

Keep up to Date!

The past couple of weeks have been eventful for the Euler team as we’ve been making further progress on our platform and a few of us also traveled to Portugal!

We've been conducting internal audits on the EUL smart contracts, and we're adding our swap module and one-click leverage functionality to the platform.

For our analytics we have on-going work being done by our in-house quantitative analyst on our risk framework. Meanwhile, our fifth audit is underway as part of our new insurance integration for our latest security developments.

A few members of the Euler team flew out to the ETHLisbon and LisCon Hackathon this past week and enjoyed meeting up with many of our friends, followers and partners in the industry.

Our full-stack dev Dariusz Glowinski wrote an article about ‘brute force storage layout discovery in ERC20 contracts with Hardhat’ by detailing the process to automatically find the account balance slot in ERC20 contracts using Hardhat’s mainnet fork feature.

Euler’s risk advisor Seraphim Czecker wrote an article and summary tweet thread about about the potential risks in crypto from a lending protocol's perspective and how Euler is making innovations to mitigate possible exploits.

Also make sure to check out our recap if you missed this month’s AMA with CEO Michael Bentley where he answered a number of great questions from our Discord followers.

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 has reached new all time highs over the past couple of weeks, skyrocketing to $67,000 before correcting back to around $60,000.

The surge in crypto prices come as the U.S. SEC allows a Bitcoin ETF to commence trading as other BTC ETFs line up. Meanwhile, concerns circulating the state of inflation, global markets, supply chains and more have been the center of focus as the U.S. debt ceiling had the world concerned that the U.S. would default.

While investors look to store value in BTC and the new ETFs, the Biden administration is weighing an executive order on cryptocurrencies. New York joins crackdown on crypto lending, seemingly targeting Nexo and Celsius (which recently raised $400m).

Bitfinex and Tether (USDT) settle with the U.S. Commodity Futures Trading Commission while a Crypto dev runs for U.S. Congress as bit of good U.S. gov’t news.

After Terra's Do Kwon was served by the U.S. SEC at the Messari Mainnet conference, he's returning the favor by suing the SEC.

Meanwhile, Coinbase launched its Digital Asset Policy Proposal dApp in hopes of aiding better regulations on the crypto industry.

Coinbase has been busy lately as it also announced a multiyear sponsorship deal with the NBA & WNBA, and an upcoming and enormously subscribed NFT marketplace while auction house Sotheby’s has launched its own NFT platform Sotheby’s Metaverse.

Gaming platform Steam bans games that allow crypto and NFTs but Epic Games will allow them on its store platform. Facebook also launched its crypto wallet to the U.S. and Guatemala, amid concern from nearly everyone but especially Congress.

Watch out for phishing emails as a CoinMarketCap hack reportedly leaks 3.1 million user email addresses.

For some ‘alfa’ reading check out this article on pricing Uniswap v3 LP positions and for some entertainment watch the recent match of two crypto twitter influencers facing off in the ring.

Euler Stats

Coming soon!

Market Stats

DeFi Market Cap - $144,828,470,476 ETH Market Cap - $476,489,315,311 DeFi:ETH Ratio - 30.4% 24H Trading Volume - $6,860,887,051 Defi Dominance (vs. Global) - 5.5% Terra DeFi Dominance - 11.4% Total Value Locked (TVL) - $175,888,571,545

Partner News

Paradigm researcher/writer and Euler angel investor Hasu recently co-wrote an in-depth guide on designing effective NFT launches. Paradigm also onboards a new partner amid a $1.5 billion raise.

Lemniscap recently added metaverse gaming platform Nifty Island to their portfolio.

CMT Digital was part of a $8.3M seed round for Genopets, a "move-to-earn" NFT game, and also took part in NFT platform Mojito's $20M funding round.

Encode Club has a number of hackathons and workshops coming up, be sure to check them out or participate if you're looking for a challenge.