Institutional vaults on Euler
On Euler, an institutional vault is an EVK lending vault or EulerEarn vault tailored to an institution's assets, participants, risk framework, and operating requirements.
What Euler provides
| Need | Euler component | What it does |
|---|---|---|
| Lending or credit market | Euler Vault Kit | Configures the asset, accepted collateral, LTVs, oracle, interest-rate model, caps, liquidations, fees, and governance. |
| Managed yield product | EulerEarn | Holds one asset and allocates it across approved ERC-4626 strategies using caps, supply queues, and withdrawal queues. |
| Participant restrictions | EVK hooks | Allow or reject selected EVK operations using an onchain allowlist, credential registry, or other policy contract. |
| Administrative controls | EVK governance and EulerEarn roles | Separate responsibilities, add delays, and define emergency permissions. |
| Application integration | SDK, EVC, and ERC-4626 interfaces | Support deposits, withdrawals, borrowing, repayment, batched transactions, and position data. |
Common structures
- Permissioned lending market: approved lenders supply an asset and approved borrowers borrow against configured collateral.
- Institutional yield vault: an EulerEarn vault allocates treasury or client assets across a defined set of strategies.
- RWA-backed market: tokenized assets are used as the supplied asset or collateral, with oracle, liquidity, redemption, and transfer assumptions reflected in the market configuration.
- Governed public market: participation is open, while an institution manages caps, collateral, rates, and emergency controls under a published mandate.
How to build one
- Choose EVK for a lending market or EulerEarn for a managed allocation product.
- Define the underlying asset, permitted participants, liquidity requirements, and operating roles.
- Configure collateral, LTVs, oracle routes, interest rates, and caps for EVK, or strategies, caps, and queues for EulerEarn.
- Add hooks only where an operation needs an onchain access or policy check.
- Assign governance, timelock, allocator, guardian, and emergency permissions as required by the product.
- Integrate deposits, withdrawals, reporting, and transaction review, then test normal, restricted, and emergency flows.
Euler enforces the configured onchain rules. Identity verification, legal eligibility, custody, asset issuance and redemption, and regulatory reporting remain external processes operated by the institution and its providers.