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Ecosystem

Core

The Euler core ecosystem is composed of a modular DeFi protocol, user interface, and various entities that support their development, governance, and adoption:

  • Euler Protocol – A decentralised, 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 on a wide variety of other third-party applications.
  • Euler DAO – A decentralised autonomous organisation (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 decentralised and permissionless.
  • Euler Foundation – A non-profit entity that fosters the long-term sustainability of the Euler ecosystem. It provides a legal wrapper for the funding for research, grants, and development initiatives aimed at enhancing the protocol and expanding its adoption.

In addition to these core entities, the Euler ecosystem is supported by a wider network of developers, researchers, and community contributors who help improve and expand the protocol.

Periphery

User interfaces

User interfaces allow users to interact with Euler's smart contracts through third-party applications:

  • 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 analysing on-chain yield opportunities across multiple protocols and networks.
  • Summer.fi – A DeFi platform specialising in borrowing, yield farming, and automation tools to help users efficiently manage their crypto assets.
  • Superlend – A lending and borrowing aggregator that optimises returns by integrating multiple money markets across different blockchain networks.
  • Bunni - A swap protocol built on top of Uniswap that maximises liquidity providers' (LPs) yields by enabling the rehypothecation of idle assets into Euler vaults.

Creator tools

Creator tools allow developers to build and expand the Euler ecosystem by creating new oracles, markets, swap accounts, and more:

  • 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.

Bridging

Bridging apps allow users to move EUL tokens between different blockchain networks, to trade or participate in FeeFlow auctions:

  • 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.

Risk dashboards

Risk dashboards provide insights into the risks associated with different markets on Euler:

  • 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.

Analytics dashboards

Analytics dashboards provide deep insights into the broader Euler ecosystem, including Total Value Locked (TVL), user activity, and protocol performance:

  • 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 customisable blockchain data analytics platform, allowing users to query, visualise, and share real-time on-chain data about Euler.

Rewards

Euler users can earn rewards distributed by third-party platforms that incentivise participation in key markets:

  • Merkl – A reward distribution platform that automates and optimises 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 optimises incentives for club liquidity providers on Euler.