Protocol Name: Euler Finance
Market: Euler Finance - Frontier Puffer Market
Protocol Description:
Euler is a DeFi super-app for lending, borrowing, and trading. Liquidity providers, borrowers, and swappers receive market-leading rates. Builders can create highly customisable vaults with institutional-grade security.
Protocol Overview:
Euler is a flexible platform for decentralized lending and borrowing, designed to adapt and grow with the evolving world of DeFi. Euler makes lending and borrowing simpler, more efficient, and more versatile, while giving users the freedom to explore new opportunities in DeFi.
Eulerâs modular design and institutional-grade security empower builders to create and manage custom lending markets in a fully permissionless way, tailored precisely to their needs.
Target Audience: DeFi Natives(lenders, borrowers, farmers), Institutional Funds(hedge funds, market makers and venture capital), and Other Protocols.
Key Features:
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Permissionless Vault Creation: Anyone can create a lending vault for an asset using the EVK, fostering a diverse ecosystem of isolated risk pools. Some vaults may be configured as non-borrowable (collateral-only).
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Modularity: The protocol is built with distinct, replaceable components (Vaults, Oracles, Interest Rate Models, Hook Targets) allowing for greater flexibility in configuration.
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Isolated Risk: Each market, being a collection of vaults, operates independently, meaning the risks associated with one market do not directly impact others, enhancing overall protocol resilience.
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Enhanced Capital Efficiency: Features like sophisticated oracle integrations and customizable Interest Rate Models (IRMs) aim to optimize capital utilization within each vault.
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Developer Focus: The EVK and accompanying tools like the Ethereum Vault Connector (EVC) are designed to empower developers to build innovative financial products and strategies on top of Euler.
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Built-in EulerSwap (DEX) turns every vault into a deep routing venue, boosting organic volume and fee flow to LPs while recycling liquidity back into lending markets.
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Security: $4m dedicated security budget, $7.5m bug bounty, 40+ audits and Gauntlet-run risk parameter tuning offer institutional-grade assurances.
Distribution Method:
Merkl
Pool Addresses:
- Community can find all Euler contracts at: GitHub - euler-xyz/euler-interfaces: Addresses and interface definitions for interacting with the Euler protocols
- Frontier Puffer Market is yet to be deployed.
Incentive Impact Statement:
Incentivizing the Euler Frontier Puffer Market with Season 2 rewards will drive meaningful adoption of pufETH within the Euler ecosystem. These incentives will:
Accelerate initial TVL growth and help bootstrap deep liquidity in the Euler vaults for pufETH.
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Attract sophisticated DeFi users seeking yield opportunities, including farmers, lenders, and structured product builders.
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Improve protocol stickiness by rewarding early adopters and market makers, building long-term engagement and loyalty.
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Encourage new integrations and composability by making pufETH a more liquid and yield-rich asset on Euler.
This will not only strengthen Eulerâs pufETH vaults but also help expand the Puffer ecosystemâs reach, utility, and cross-protocol adoption. This aligns closely with Eulerâs vision of enabling modular, permissionless, and high-efficiency DeFi infrastructure.
Eligibility Verification:
Audits - Security Overview | Euler Docs
Please create a PR with your logo
Other Resources
Euler Dune Dashboard
Token Terminal
Defillama
Contact Information:
Antoine Loth (Telegram: @ant1lt)
This integration is a great fit. For most LRTs today, the most widely used utility is looping. So I believe integrating with Euler could significantly boost pufETH adoption, deepen vault liquidity, and attract high-quality DeFi users to Puffer.
