Rewards

Participation in Euler vaults can be incentivized in two ways: onchain via Reward Streams or offchain via Merkl. Both reward types are seamlessly integrated into the Euler app.

Reward Streams

Reward Streams is an innovative open-source module empowering projects to seamlessly stream rewards to users of new markets in a permissionless and trustless manner. This module is a robust and adaptable implementation of the billion-dollar algorithm, enabling the simultaneous distribution of multiple reward tokens.

Unlike traditional methods, users can subscribe to receive their preferred rewards without the need to transfer their vault shares to a staking smart contract. This unique feature allows suppliers to earn rewards while concurrently taking out loans, presenting a dynamic and efficient approach to incentivizing and engaging users.

Merkl

Euler also supports off-chain reward distribution through Merkl. Campaigns can target supplying, borrowing or borrowing against a specific collateral. Accumulated rewards are updated once every ~4 hours and are claimable in the Euler app or directly on the Merkl Dashboard.