Euler (EUL) is a DeFi protocol built on the Ethereum blockchain that enables permissionless lending and borrowing of crypto assets. Unlike traditional DeFi platforms, Euler allows users to create their own lending markets for any ERC-20 token, giving greater flexibility and access to long-tail assets. The network is powered by its native token, EUL.

Euler was founded by Michael Bentley, a former academic who is actively involved in the DeFi and blockchain space. 

• EUL token: EUL is the native token within the Euler protocol. The token is primarily used for governance, and EUL token holders are given governance rights and can vote on network decisions.

• Permissionless lending markets: On Euler, anyone can create a lending market for any ERC-20 token, expanding access.

• Protected collateral: Euler supports protected collateral, preventing deposited assets from being borrowed, ideal for safer leverage strategies.

• Modular platform: Euler is designed with a modular structure, including components like the Ethereum Vault Connector (EVC), Euler Core, and Euler Edge to support its lending operations.

Euler, a DeFi protocol with its innovative approach to permissionless lending and risk management, allows users to create isolated lending markets for any ERC-20 token. The protocol addresses limitations found in more centralized or restricted DeFi platforms. Its dynamic interest rate model and protected collateral feature offer advanced tools for both borrowers and lenders, making it attractive to more sophisticated DeFi users. While the platform faces competition from larger players like Aave and Compound, its flexibility and developer focus make it a strong contender in the evolving decentralized finance space.

You can buy EUL from crypto platforms like CoinSwitch.

• EUL can be bought and traded on crypto platforms like CoinSwitch. 

• Users can earn EUL by borrowing incentivized assets or staking eTokens.

• EUL token holders are given governance rights and can vote on network decisions.

• Users can create markets for any ERC-20 token.

• Euler uses isolated lending pools, so if one market fails, others remain safe.

• It promotes community engagement and allows token holders to partake in decisions on protocol upgrades.

• EUL is subject to market volatility like all cryptos.

• The platform’s advanced features may be difficult for DeFi beginners.

• The platform offers less liquidity compared to other protocols like Aave or Compound.

• Start investing in EUL with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Euler raised a total of $40.8 million across three funding rounds between December 2020 and April 2025 to support the development of its decentralized lending protocol. The top investors included Jump Crypto, Paradigm, CMT Digital, and Coinbase Ventures. Out of the total 27.18 million EUL tokens, 26% were allocated to investors, 25% to the community, 21% to the team and advisors, with additional tokens set aside for early supporters, the treasury, and future ecosystem development.