4 years ago

DeFi Lending Protocol Euler Secures $8 Million Series A to Launch Platform

  • London-based DeFi lending protocol Euler has raised $8 million in a Series A funding round led by Paradigm and Lemniscap

  • The funding will be used to expand the development team and integrate the protocol into the wider DeFi ecosystem

  • Euler is set to launch later this year with a number of innovative features, including reactive interest rates and protected collateral.

      • ProblemFinancial Services

      "Current DeFi lending protocols have limitations in addressing the long-tail of the crypto market, leading to inefficient capital utilization and limited access for a wider range of assets."

      Solution

      "Euler offers a capital-efficient, permissionless lending protocol with reactive interest rates, protected collateral, and other innovative features to enable users to earn interest on their crypto assets or hedge against market volatility in a secure and decentralized manner."

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