Deployment & Configuration of Oracle Router
The Oracle Router is a required component of the Euler protocol. Every vault must be connected to an Oracle Router to obtain reliable, on-chain price feeds for its underlying asset and all accepted collateral. The router enables flexible, modular pricing paths and can be managed either from its dedicated UI page or during vault configuration. It is recommended that all vaults in a cluster share a single router, ensuring consistent pricing and risk management.
Available Oracles
Before deploying your own Oracle Router, check the Euler Oracles Dashboard to see if there are existing oracles that meet your needs. The dashboard provides a comprehensive overview of all available oracles, their configurations, and their current status. Using an existing oracle can save time and reduce deployment complexity.
Quick Start
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Deploy the Oracle Router
- Go to the Oracle section of the Creator UI (create.euler.finance)
- Click "Deploy New Oracle Router" and confirm the transaction.
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Configure Oracle Adapters
- On the router management page, add adapters for each asset/unit-of-account pair you need (e.g., DAI/USD, WETH/USD).
- For ERC-4626 assets (like sDAI), you may need to "resolve" the vault so the router can price the share in terms of its underlying (e.g., sDAI/DAI).
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Set Resolved Vaults
- For every ERC-4626 vault you use as collateral, you must add it as a resolved vault in the Oracle Router. This enables the router to price the collateral share in terms of its underlying asset using
convertToAssets(). For example, if your collateral is esDAI (an ERC-4626 vault holding sDAI, which is itself an ERC-4626 vault for DAI), the router will price esDAI/sDAI, then sDAI/DAI, and finally DAI/USD, forming a complete pricing path:esDAI/sDAI → sDAI/DAI → DAI/USD
- For every ERC-4626 vault you use as collateral, you must add it as a resolved vault in the Oracle Router. This enables the router to price the collateral share in terms of its underlying asset using
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Install the Router in Your Vault
- When deploying or configuring a vault, select your Oracle Router and unit of account. The vault will use the router for all collateral and liability pricing.
Adapters & Resolved Vaults
- Adapters:
Each adapter links a token (or vault) to a unit of account (e.g., USD or WETH). You must add an adapter for every asset you want to price. - Resolved Vaults:
You must register each collateral vault as resolved so the router can use theconvertToAssets()function to price shares in terms of the underlying asset. This is essential essential for every collateral as each collateral is an ERC-4626 vault.
Example:
If your collateral is esDAI (an ERC-4626 vault holding sDAI, which is itself an ERC-4626 vault for DAI), the router must be able to resolve:
- esDAI/sDAI (via
convertToAssets) - sDAI/DAI (via
convertToAssets) - DAI/USD (via a standard oracle adapter)
Another Example:
If your collateral is a DAI vault (eDAI), the router must be able to resolve:
- eDAI/DAI (via
convertToAssets) - DAI/USD (via a standard oracle adapter)
Best Practices
- Plan Your Pricing Paths:
Before deploying, map out the full pricing path for each collateral:
Vault Share → Underlying → Unit of Account - Governance:
Assign a secure governor to the router for future updates. - Consistency:
Use the same router for all vaults in a cluster to avoid pricing discrepancies. - UI Flexibility:
You can configure the router from its dedicated page or while setting up a vault — both methods are equivalent.