Euler has been part of Base's journey from the start, as one of the earliest protocols to go live on Base in 2023 through Euler v1. Now, we’re excited to announce that Euler v2 is live on Base, bringing v2’s enhanced lending and borrowing experience to all of Base’s users.
Why Base?
Base has quickly become one of DeFi’s biggest hubs for innovation, offering high speeds and low transaction costs, all while maintaining the security of Ethereum. For Euler, Base represents an ideal environment to grow and evolve with users, making lending not only easier and more accessible, but also more flexible and capital efficient.
Lending More Flexible, Borrowing More Powerful
Euler enhances the lending experience with two distinct vault types, tailored for diverse use cases:
- Governed Vaults: These dynamic vaults allow real-time adjustments to parameters such as loan-to-value (LTV) ratios, supply caps, and interest rate models. Managed by DAOs, risk teams, or individuals, they provide precise control over risk and liquidity.
- Ungoverned Vaults: Designed for predictability, these vaults feature immutable settings that remain fixed post-deployment, ensuring a stable, unchanging configuration.
For borrowers, Euler offers advanced tools to maximize capital efficiency and adaptability. Key features include:
- Leveraged long or short positions across a broad range of assets.
- Carry trade strategies to optimize yield.
- Streamlined execution with intuitive, single-click workflows.
Euler is built for builders
Base is built for builders, and so is Euler. On Euler, lending and borrowing have no limits—and neither does building. Developers can take advantage of the EVC (Ethereum Vault Connector), an open-source project, built by the Euler Labs team, designed to facilitate the connection between ERC-4626 vaults and enabling their use as collateral for one another. On the other hand, vault creators can also use the EVK (Euler Vault Kit) to craft tailored markets, while having full control over aspects such as LTVs, collaterals, and interest rate models.
Multichain Expansion
Launching on Base marks a significant milestone in Euler’s multichain journey. With Euler now live on Base and Swell’s L2 mainnet on the horizon, we’re focused on meeting users wherever they are and actively working to bring Euler v2 to even more ecosystems and communities.
Try Euler v2 on Base
Start using Euler on Base and become part of Euler’s growing community—join the Discord to connect with the team, ask questions, and share your ideas
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