Euler XYZ
Euler is a lending protocol that uses reactive interest rates and Uniswap V2's price oracles.
Euler is a lending protocol that uses reactive interest rates and Uniswap V2's price oracles.
Euler XYZ is a pioneering lending protocol that stands out in the blockchain industry. The company, founded in 2020 and based in the United Kingdom, has positioned itself as an open lending protocol that utilizes innovative technology to offer reactive interest rates. What distinguishes Euler from its peers is its use of Uniswap V2's time-weighted average price oracles, allowing users to initiate money markets. Additionally, Euler incorporates control theory to support dynamic interest rates, enabling swift adjustments to changing market conditions for real-time responsiveness.
The company's recent milestone includes a significant $32.00M Venture Round investment on 07 June 2022, with participation from esteemed investors such as Coinbase Ventures, Variant Fund, FTX Ventures, Haun Ventures, Jump Crypto, Uniswap, and Jane Street. This impressive backing not only validates Euler's potential but also provides a strong base for its future growth and development in the blockchain space.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $32.00M | 7 |
|
07 Jun 2022 |
| Series A | $8.00M | 3 |
|
25 Aug 2021 |
| Seed Round | $800.00K | - | 16 Dec 2020 |
No recent news or press coverage available for Euler XYZ.
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