Ecosystem

Core Components

The Euler ecosystem is built around a modular DeFi protocol, user interface, and various entities that support development, governance, and adoption:

Euler Protocol – A decentralized, permissionless lending protocol powered by non-custodial smart contracts on Ethereum and other EVM-compatible networks. It allows users to lend, borrow, and swap crypto assets.
Euler Interface – A user-friendly web interface for interacting with the Euler Protocol. While it serves as the primary access point for most users, Euler's smart contracts can also be accessed through various third-party applications.

Euler DAO – A decentralized autonomous organization (DAO) controlled by EUL token holders, enabling community-driven governance over protocol operations and treasury allocations.
Euler Labs – The core development team responsible for building and maintaining the Euler Protocol, its web interface, and related tooling. While they contribute to the ecosystem's growth, the protocol remains decentralized and permissionless.
Euler Foundation – A non-profit entity that fosters the long-term sustainability of the Euler ecosystem. It provides a legal wrapper for funding research, grants, and development initiatives aimed at enhancing the protocol and expanding its adoption.

Third-party applications that provide alternative ways to interact with Euler's smart contracts:

Contango - A DeFi protocol that automates complex trading strategies, enabling users to create leveraged positions on Euler through a process known as 'looping'.
DeFi Saver – A DeFi management platform offering automation, portfolio management, and leverage tools for users interacting with lending protocols and other DeFi services.
Vaults.fyi – A DeFi platform providing a comprehensive resource for discovering and analyzing on-chain yield opportunities across multiple protocols and networks.
Summer.fi – A DeFi platform specializing in borrowing, yield farming, and automation tools to help users efficiently manage their crypto assets.
Superlend – A lending and borrowing aggregator that optimizes returns by integrating multiple money markets across different blockchain networks.
Bunni - A swap protocol built on top of Uniswap that maximizes liquidity providers' (LPs) yields by enabling the rehypothecation of idle assets into Euler vaults.

Tools and resources for developers to build and expand the Euler ecosystem:

Euler Vault Scripts - A collection of scripts for deploying, configuring, and managing vault clusters, including emergency procedures and governance integration.
Euler Create - A bare-bones no-code platform for creating and managing lending vaults on Euler, making it easy for anyone to launch their own lending market.
Edge Deployer - A tool provided by Objective Labs to construct and deploy fully immutable lending vaults on Euler.
Oracle Deployer - A tool provided by Objective Labs to deploy and manage price oracles for Euler markets.

Tools for moving EUL tokens between different blockchain networks:

Stargate - A fully composable cross-chain bridge built on LayerZero that enables users to seamlessly transfer assets between different blockchain networks.
Swell Superbridge - A native bridge facilitating seamless asset transfers between the Ethereum mainnet and Swellchain, a Layer 2 network within the Swell Network ecosystem.

Platforms providing insights into protocol risks and market health:

Gauntlet – A risk dashboard offering real-time risk assessment and economic modeling for Euler, helping users monitor protocol health and risk factors.
IntoTheBlock – The Risk Radar platform, providing real-time economic risk analysis for Euler, including liquidity risks, supply concentration, and market health metrics.

Tools for tracking protocol performance and user activity:

Token Terminal – A financial data analytics platform offering fundamental on-chain and off-chain financial metrics for Euler.
DeFiLlama – A leading DeFi data aggregator, providing real-time analytics, rankings, and insights into Euler's TVL, revenue, and protocol activity.
Dune – A customizable blockchain data analytics platform, allowing users to query, visualize, and share real-time on-chain data about Euler. Built by 0xPibs.

Platforms that distribute rewards to Euler users:

Merkl – A reward distribution platform that automates and optimizes incentives for liquidity providers on Euler. It allows users to efficiently claim multiple rewards in a single transaction, reducing gas fees.
Royco – A market-driven incentive protocol where liquidity providers compete to earn rewards by performing specific on-chain actions on Euler, such as providing liquidity or executing trades.
Turtle Club - A club for DeFi power users that optimizes incentives for club liquidity providers on Euler.