Fee Flow

Introduction

Fees collected from Euler vaults are periodically auctioned through Fee Flow auctions. These auctions use EUL as the bidding currency, ensuring that protocol-generated fees are consistently converted into EUL. The accumulated EUL currently returns to the Euler DAO treasury, but the DAO could choose to burn it, distribute it as incentives for EUL stakers or protocol users, or allocate it in any other way it deems appropriate.

Introduction

Further reading