Welcome!

Euler had loads of updates and notable events in our last newsletter, so get ready for more in this month’s summary!

We surprised the DeFi community with a snapshot and announced the start of Epoch 1 and the distribution for Epoch 0.

eIP3 was approved, so users can now perform self-collateralisation.

eIP5 has been implemented, which amended the borrow factors and interest rate models on a large number of assets.

eIP6 passed, allowing Euler users to utilise Chainlink (LINK) as a collateral asset.

eIP7 has been proposed to enable Polygon (MATIC) as a collateral asset on Euler. Feel free to discuss on the gov forums, particularly if you voted for/against it on Compound.

Michael wrote a related thread about leverage on over-collateralised lending protocols and another one detailing Euler’s unique and advanced features.

We launched an educational tweet series on Euler’s main features. Check out the #EulerFeatures hashtag on Twitter to stay updated.

We held our monthly Euler Community Call and also a Twitter Space with Polygon.

Euler was highlighted in a Messari article by Seth Bloomberg, and Hasu mentioned us in a Tweet.

Meanwhile, we made an appearance in Token Terminal’s newsletter, while they also hinted of a potential research piece on Euler.

Euler’s head of risk Seraphim wrote a thread about our unique liquidation process.

The Euler team grew with Connor Mulhall having joined as a full-stack engineer and Rangel Stoilov joined as a senior front-end developer.

We now have $352.3M in total supply, $98.51M in TVL, and $253.8M in total being borrowed across 53 total markets and $111.55k in reserves.

In Other News

Watch this interview with Seraphim and Brandon Neal if you missed the last newsletter about Brandon joining as our COO, having previously worked as an NY Fed official.

Seraphim was interviewed in an article on Goldman Sachs employees leaving TradFi for the crypto industry.

Come meet the team and see Michael as a key speaker at the Paris Blockchain Week Summit from April 13th-14th 2022 or if you’re in the US, join Seraphim at Blockworks’ Permissionless conference in Palm Beach on 17-19 May.

If you're in Germany, join Michael at the inaugural Blockchain Oracle Summit in Berlin on 7-9 June.