Latest Euler (EUL) News Update

Deep Dive

1. Monad Incentives Launch (2 December 2025)

Overview:
Euler introduced new incentives for lenders/borrowers on Monad, a Layer 1 blockchain struggling with adoption ($150M TVL vs. competitors like Plasma). Despite Monad’s slow start, Euler’s move aims to attract capital during its bootstrapping phase. Monad’s transaction volume (16M+ weekly) outpaces Arbitrum and Avalanche, suggesting latent activity.

What this means:
This is neutral for EUL. While incentives could drive short-term usage, Monad’s underperformance relative to past Layer 1 launches (e.g., Plasma) raises execution risks. Success hinges on sustained developer traction. (The Defiant)

2. DAO Treasury Migration (9 November 2025)

Overview:
Euler DAO migrated its treasury to a new multi-signature address, separating governance execution from asset custody. The protocol’s TVL remained stable post-migration ($500M on Plasma, $140M on Ethereum), reflecting confidence in its risk management.

What this means:
This is bullish for EUL. Enhanced governance transparency reduces operational risks and could appeal to institutional participants. The DAO’s focus on “coherent internal economy” aligns with long-term protocol sustainability. (CoinMarketCap)

3. Coinbase Listing Goes Live (6 August 2025)

Overview:
EUL began trading on Coinbase, with phased rollouts for EUL-USD pairs. The listing followed a surge in protocol activity, including $1.8B volume on EulerSwap and integrations with Brahma’s credit card.

What this means:
This is bullish for EUL. Mainstream exchange exposure increases liquidity and retail adoption. However, EUL’s price fell 31% over 90 days post-listing, highlighting volatility risks amid broader market weakness. (Coinbase Assets)

Conclusion

Euler is balancing growth (Monad incentives, Coinbase listing) with stability (DAO reforms). Its ability to sustain TVL and governance credibility amid DeFi’s accountability debates will be critical. Will modular lending protocols like Euler outpace centralized alternatives in 2026?

Deep Dive

1. @OAK_Res: Q3 Growth Metrics Signal Strength bullish

“Euler’s TVL surged 33% QoQ alongside 90% revenue growth, driven by EulerSwap and Earn adoption.”
– OAK Research (17.7K followers · 8.6K impressions · 22 October 2025)
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What this means: Strong fundamentals suggest protocol sustainability, though incentives rose 343% QoQ (to $3.1M), raising questions about long-term profitability.

2. @DomOnChain: BlackRock’s DeFi Play bullish

“sBUIDL’s integration positions Euler as a bridge for institutional capital via modular vaults and MEV-resistant liquidations.”
– Domen T. (48K followers · 81.8K impressions · 7 November 2025)
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What this means: Validation from TradFi giants could attract deeper liquidity, but reliance on Ethereum’s L2 Linea (where Euler holds $1B in ETH collateral) ties performance to ETH’s volatility.

3. @CoinbaseAssets: Listing Triggers Volatility mixed

“EUL dipped 32% post-Binance listing (Oct 2025) despite airdrop hype, as profit-taking erased initial 34% Bithumb pump (Sept).”
– Coinbase Assets (280.7K followers · 19 impressions · 6 August 2025)
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What this means: Exchange exposure amplifies price swings – EUL remains 62% below its July 2025 ATH ($15.81), with $9.58M volume spikes showing speculative retail interest.

Conclusion

The consensus on Euler leans cautiously bullish, balancing institutional adoption against DeFi’s inherent volatility. Watch the FeeFlow mechanism – 50% of protocol revenue buys back EUL monthly, creating deflationary pressure that could offset sell-offs from circulating supply unlocks (27.1M max supply, 88% circulating). Monitor whether TVL sustains above $3.5B post-BlackRock integration.

Deep Dive

1. XP Program Season 2 (Q1 2026)

Overview:
Season 1 of Euler’s XP initiative (September 2024–January 2025) rewarded liquidity providers and vault creators. Season 2, expected in Q1 2026, will introduce new user classes like borrowers and traders, with rules finalized 4 weeks before launch (Euler Blog).

What this means:
This is bullish for EUL as it could broaden participation and lock in more protocol activity. Risks include potential gaming of the system if rules aren’t rigorously enforced.

2. Synthetic USD Launch (Q1 2026)

Overview:
Euler plans to launch a synthetic USD product to complement its lending and DEX offerings, aiming to retain value within its ecosystem (Blockworks).

What this means:
Neutral-to-bullish. A native stablecoin could improve capital efficiency and reduce reliance on external assets, but adoption depends on collateral design and peg stability.

3. DAO Treasury Migration (Completed)

Overview:
In November 2025, Euler DAO migrated its treasury to a new multisig address to separate asset management from governance, reducing operational risks (Binance Square).

What this means:
Neutral. This strengthens institutional confidence but doesn’t directly impact tokenomics.

Conclusion

Euler’s roadmap balances user incentives (XP Program), product integration (synthetic USD), and governance maturity. While near-term catalysts like Season 2 could drive engagement, execution risks remain. How will Euler differentiate its stablecoin in a crowded market?

Deep Dive

1. V2 Core Components Released (May 2025)

Overview: Euler V2 introduced the Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC), enabling developers to create permissionless, customizable lending/borrowing vaults.

The EVK allows builders to deploy isolated or pooled markets with adjustable LTV ratios, interest models, and collateral types. The EVC facilitates cross-vault interactions, letting users collateralize assets across multiple vaults in one transaction. The Price Oracle library provides immutable integrations for real-time asset pricing, critical for risk management.

What this means: This is bullish for EUL because it expands Euler’s use cases for tailored DeFi products (e.g., niche asset lending) while maintaining security via modular isolation. Developers can now build complex strategies without protocol-level bottlenecks.
(Source)

2. $1.25M Security Audit Launch (May 2025)

Overview: Euler initiated a $1.25M bug bounty via Cantina, targeting the EVK, EVC, and Price Oracle codebases – the largest audit pool in DeFi history.

The audit incentivizes white-hat hackers to stress-test Euler’s core infrastructure ahead of mainnet deployments. Over 45 prior audits and a $7.5M insurance fund already back the protocol.

What this means: This is neutral for EUL but reduces systemic risk. Rigorous auditing reinforces Euler’s reputation as a secure lending primitive, critical for attracting institutional liquidity like BlackRock’s sBUIDL integration.
(Source)

3. Base Network Integration (January 2025)

Overview: Euler v2 launched on Base, Coinbase’s Ethereum L2, leveraging low fees (~$0.01 per tx) and high throughput to onboard retail users.

The deployment includes governed vaults (adjustable parameters via DAO votes) and ungoverned vaults (immutable settings). It also integrates with Uniswap v4 hooks for combined swapping/lending actions.

What this means: This is bullish for EUL because Base’s growing ecosystem (Telegram integration, 10M+ users) could drive TVL growth. Lower fees make Euler accessible for smaller deposits, broadening its user base.
(Source)

Conclusion

Euler’s codebase evolution prioritizes modularity (EVK/EVC), security (audits), and accessibility (Base integration). These updates position it as a DeFi “Lego block” for composable lending strategies. How will cross-vault borrowing efficiencies impact EUL’s utility as governance token?