Saud Cheema

We provide this risk infrastructure to every risk manager. > supply/borrow caps per vault > pause vaults/actions > swappable oracles > Custom Interest Rate curves > one of the most efficient liquidation systems > action wise time locks > isolated markets

USDT0 bridging via @StargateFinance/@LayerZero_Core is temporarily paused on all chains. We'll flag when it's back online.

With Enso, what you see is what you get. Production-grade execution, now live in @useworldapp powered by @okutrade.

A statement on the KelpDAO rsETH incident. Euler's core protocol and smart contracts are secure and fully operational. The identified exposure is limited and has been proactively assessed. Exposure on Euler has been identified at around $1.7M across a set of Euler Prime pairs on Ethereum mainnet: → rsETH / wstETH → rsETH / wETH → rsETH / wBTC These exposures are contained and represent a small portion of overall activity. We are actively monitoring the situation and watching for secondary effects as the broader incident is investigated.

DeFi today is volatile, complex, and full of unknown risk. If you are a user of a pooled lending protcol, you are stuck in limbo right now because of potential bad debt from a single asset. Nobody wants to supply. Borrowers are scared because their collateral is rehypothecated. If you are a user of an isolated protocol, your borrow rates have suddenly spiked. And if there’s bad debt, there’s a bank run on the vaults. The last one in eats all of it. While the underlying situation on Euler wouldn’t be different, i.e., rsETH may have lost value, it matters how this is contained and handled on Euler. We recommend curators set up LST markets in a 3-pool configuration, a mix of Aave and Morpho, where: wstETH: can borrow ETH/USDC ETH: can borrow USDC USDC: can borrow ETH This market achieves the best of both worlds. Lender exposure is limited. Controlled rehypothecation of ETH brings pooled asset efficiency. This is one way to contain the situation. Lending protocols are dynamic systems; they cannot be controlled using predetermined algorithms. Risk managers on Euler can: >Ramp down LTVs in a volatile market >Swap oracles in case of deprecation or issues >Change interest rates to reflect different yield environments >Enable bad debt socialization to prevent bank runs and allow orderly execution >Hook vaults for custom flows like KYC and institutional vaults This infrastructure is not available on many lending vaults like Morpho/Silo. As a risk manager or user of these vaults, you are always battling risk and liquidity. DeFi will not scale if we don’t provide the infrastructure to manage capital. The rails exist now. Custody, on-ramps, and off-ramps are solved. Transaction costs on Ethereum are usually in cents. We need the infrastructure for DeFi. Check out @eulerfinance. Happy to personally onboard every user. DMs open.

$HYPE is tradeable on Oku. Get the best execution with swaps powered by @EnsoBuild Only on Oku ⚡

Teams such as @yield and @yearnfi are already routing through it. Enso simulates every path before execution and selects the one that delivers the best execution outcome. Documentation: docs.enso.build/pages/build/ge…

More coverage means more room to compose. When using Enso routing, you can attach actions on the destination chain. Swap on arrival. Deposit directly into a vault. Stack multiple steps into a single deterministic transaction.

Auto lets you swap into Tesla, NVIDIA, Apple, and 200+ more tokenized U.S. stocks & ETFs 24/7 — with just a simple sentence. Powered by @EnsoBuild intent-based shortcuts straight into @OndoFinance. The market never closes onchain.

As a precautionary measure, we are temporarily suspending EUL LayerZero OFT bridges while the cause of the rsETH incident is being investigated. EUL has no exposure to the rsETH event. We will provide an update as soon as bridging is restored.

Euler is aware of the recent security incident involving Kelp DAO’s rsETH. As a precaution, Ethereum mainnet and Linea were paused to prevent the affected assets being used as collateral. Both have now been unpaused. We are actively monitoring the situation and will update further in due course.

Euler Agent Skills packages structured protocol knowledge for agent workflows, integrations, and developer tooling. Current coverage includes vault operations, EVC, EulerEarn, oracle / IRM configuration, advanced features, and data access. to use: npx add-skill euler-xyz/agent-skills --skill euler-vaults

EVK + EVC is modularity on steroids. Create a mini Aave, Morpho, or any other lending market and do it better on Euler. Institutions demand the absolute best in terms of flexibility, efficiency, and security. Euler offers all three.

Vaults can be actively managed or immutable. Governed vaults let curators update parameters as markets evolve - adjust LTVs, IRMs, swap oracles, set new caps. Immutable vaults are fixed at deployment. No admin key, no changes, no governance risk. Same protocol. You choose the trust model.

Every vault is a standalone ERC-4626 contract. The deployer configures everything at creation: → Which asset can be borrowed → Which assets qualify as collateral and at what LTV → Oracle source → Interest rate model → Supply and borrow caps → Hook contract for custom logic

The Euler Vault Kit (EVK) is the factory for onchain lending markets. One vault per asset. Fully isolated. Permissionless to create. Vaults connect through the EVC to enable cross-collateralization, multi-vault strategies, and composable lending positions. Every lending market on Euler starts here.

Over $500M now supplied to @SentoraHQ PYUSD market on @eulerfinance. Explore it in the new Euler app.

Euler app is now more than 50% faster, easier to understand, and more reliable. This is the biggest upgrade yet, and it’s just the beginning.

👀

Every team at an AI hackathon hits the same wall: compute access. On April 24, we're removing that barrier. Akash is sponsoring Ship to Prod in SF, a one-day agentic engineering hackathon at the AWS Builder Loft. Founder @gregosuri will joining the judges panel, and the best use case built on Akash wins credits. ↓ Register below ↓ luma.com/shiptoprod