Concepts
Welcome to the concepts section of Euler documentation. Here you'll find detailed explanations of the core components, mechanics, and design principles that power the protocol. Whether you're new to Euler or looking to deepen your understanding, these guides will help you grasp how everything works together.
Core Components
- Ethereum Vault Connector (EVC): The central nervous system that coordinates all protocol interactions
- Vaults: The building blocks of Euler's lending infrastructure
- Markets: Understanding how lending markets function in Euler
- Price Oracles: How Euler ensures accurate asset pricing
Financial Concepts
- Interest Rates: How borrowing and lending rates are determined
- Annual Percentage Yield: Understanding your returns
- Return on Equity (ROE): Measuring strategy performance
- Strategy Profitability: Evaluating different approaches
- Rewards: Understanding protocol incentives
Risk Management
- Vault Types: Understanding the different types of vaults and their risk profiles
- Liquidations: How and why positions get liquidated
- Risk Curators: The role of risk management in Euler
Advanced Features
- Hooks: Customizing and controlling vault operations
- Operators: Delegating control to external contracts
- Sub-accounts: Managing multiple isolated positions
- Unit of Account: How Euler measures and tracks positions