| EVC | The Ethereum Vault Connector (EVC) is an open-source interoperability layer within the Euler protocol that connects credit vaults, enabling their use as collateral for one another. It allows users to efficiently batch and execute multiple operations in a single transaction, enhancing flexibility and efficiency in decentralized finance (DeFi) operations. |
| EVK | The Euler Vault Kit (EVK) is a framework designed to facilitate the creation of credit vaults—specialized ERC-4626 compliant vaults that incorporate borrowing functionalities. Unlike traditional ERC-4626 vaults that actively invest deposited funds to generate yield, credit vaults function as passive lending pools, allowing users to earn interest by lending out their deposited assets. |
| EPO | The Euler Price Oracle (EPO) is a composable on-chain pricing system within the Euler protocol, designed to provide accurate and flexible asset price data. It utilizes a modular library of oracle adapters and components that implement the IPriceOracle interface, facilitating seamless integration with various external pricing sources. |
| Health score | The health of an account is a numerical representation of how safe a user's debt position is relative to its collateral value. It helps determine how close an account is to liquidation. If a user's health drops below 1, their account can be liquidated. Higher health means lower risk of liquidation. Health also plays a role in determining the liquidation bonus a liquidator receives. As health falls below 1 due to price changes, the bonus a liquidator gets for liquidation grows. |
| TTL | Time to Liquidation. How long it would take for your account to be liquidated if prices stayed the same, but you kept earning or paying interest at the current rates. |
| NAV | Net Asset Value (NAV) represents the total value of a user's account, measured as the total value of their deposits minus the total value of an their debts. |
| APY | Annual Percentage Yield (APY) represents the annualised return earned on deposits or the interest paid on borrowed assets, accounting for compound interest. It reflects the effective yield on an asset over a year, assuming continuous reinvestment of earnings. |
| ROE | Return on Equity (ROE) measures the annualised profitability of a borrow position relative to the user's equity in Euler. It indicates the percentage return a user earns on their deposited assets after accounting for borrowing costs over the course of a year. Equity can be defined one of two ways depending on whether a user has an ordinary borrow or a multiplied position. |