Euler V2 protocol
Overview
Euler v2 is the current generation of the Euler lending protocol, rebuilt around a modular architecture rather than a single monolithic lending pool. Its core primitives are the Euler Vault Kit (EVK), used to deploy lending vaults with configurable market parameters, and the Euler Vault Connector (EVC), which lets vaults be composed so collateral in one vault can back borrowing in another. On top of these sit EulerSwap, EulerEarn and Maglev, which vault creators use to deploy vaults, configure markets and launch pools, alongside an SDK for integrators. The protocol's documentation covers a user-facing app for managing lending and borrowing positions, a security section spanning audits, bug bounties and protocol safeguards, EUL tokenomics, and multi-chain deployment. Notably, the documentation also explicitly covers the 2023 protocol incident and the subsequent recovery, so the exploit and the return of funds are part of the official record rather than something the project has papered over. Euler suffered a major exploit in 2023, an incident and recovery that its own documentation still covers. The protocol was subsequently relaunched as Euler v2 with a modular architecture built on the Euler Vault Kit and Euler Vault Connector, and has since expanded to multiple chains.
Within the DeFi Intel graph, Euler V2 connects to 21 tracked entities, most strongly to Ethereum, Arbitrum, Base.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
deployed_on | Avalanche | 95% |
deployed_on | Binance | 95% |
deployed_on | Linea | 95% |
deployed_on | Mantle | 95% |
deployed_on | Monad | 95% |
deployed_on | Berachain | 95% |
deployed_on | Hyperliquid L1 | 95% |
Frequently asked questions
What is Euler V2?
Euler V2 is a lending tracked in the DeFi Intel knowledge graph. It is connected to 21 other tracked entities, most strongly to Ethereum, Arbitrum, Base.
What type of entity is Euler V2?
Euler V2 is classified as a lending (protocol) in the DeFi Intel knowledge graph.
What is Euler V2 connected to?
In the DeFi Intel knowledge graph, Euler V2 is linked to 21 other tracked entities, most strongly to Ethereum, Arbitrum, Base.
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