You may have read in our previous weekly newsletter that we’re launching a monthly edition to keep you up to date with all the progress the Euler team has been making. We’ve also switched over to Substack for future editions of the newsletter.
The biggest news from this past month was the announcement of our $8 million Series A round led by Paradigm!
Paradigm will bring valuable experience, guidance and resources to help push Euler to the next level. The new funding will help us to bring our product to market and grow the Euler team.
Our Series A announcement was celebrated by the crypto community as the news spread across a number of media outlets including Decrypt, The Block, Yahoo Finance, and many others along with highly appreciated congratulatory remarks from Uniswap’s Hayden Adams, Matic's Blockchain Engineer Vaibhav Chellani, our friends at Encode Club, and of course our incredible seed and Series A investors.
This past August we’ve seen incredible momentum as Euler pushed forward a number of exciting updates and achievements.
We tested alternative governance modules in our smart contracts and moved to test Open Zeppelin governance.
We worked heavily on our front end to launch our new website and rebrand! Check it out at euler.finance if you haven't seen it yet or read the official announcement.
The devs focused on strengthening our platform's analytics and security by simulating and testing bad debt conditions prior to running our liquidation dashboard live on the Ethereum Ropsten testnet.
Communication on user feedback was essential as the team aggregated comments on our new developer docs and white paper and most recently on our test app (which is coming soon TM).
Euler continues to discuss potential DeFi integrations with a multitude of other protocols this past month.
The Euler team has rapidly expanded in recent months as a number of talented individuals have joined our crew including Vishal, Darek, Kirby, Evrim, Seraphim, and Curtis. Check out the full team on our website.
After our partners reviewed the white paper and developer docs, we moved forward on the testnet as we continue to update the core dApp.
We announced the target date for our mainnet launch (DATE) and have a pending audit from Certora, our third official audit (sunglasses emoji).
In Other News
Our risk advisor Seraphim wrote an excellent thread on twitter about how Euler will be able to accommodate the institutional trading strategies that are coming to crypto and why it's a good thing for our humble crypto space.
Mr. Block, a blockchain and crypto influencer brand based in Taiwan, recently reviewed Euler and checked in on our latest updates.
Paradigm’s research partner Dave White released a paper on a new type of automated market maker called a Time-Weighted Average Market Maker, or TWAMM, which cited Euler co-founder Michael Bentley in its acknowledgements for his advice and contributions in the research.