Euler: Exploring v2 and the Future of Modular Lending Systems

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Episode Summary

In this episode of StablePod, we sit down with Michael Bentley, Co-founder and CEO of Euler Labs, the core team developing Euler V2, a next-gen modular lending protocol. Michael shares the rise and fall of Euler V1, the team's resilience and perseverance, and the innovations and improvements in Euler V2. Euler V2 is a decentralized lending protocol that allows users to create and customize their own vaults. Euler v2 consists of three major modules: Euler Vault Kit (EVK), Ethereum Vault Connector (EVC), and Euler Price Oracles (EPO). The modular design allows users to build various lending protocols and customize risk parameters and governance.

Time Stamps
  • 00:00 Introduction

  • 02:38 The Resilience and Perseverance of the Euler Team

  • 03:57 What the Euler Team Did Post-Exploit

  • 06:12 The Idea for V2 Improvements

  • 09:04 Innovating and Standing Out Amongst the DeFi Incumbents

  • 11:12 What Michael Looks Forward to with v2 Launch

  • 13:34 Current State of DeFi Lending: Monolithic vs. Modular

  • 17:39 Michael's Interest in Mechanism Design

  • 20:45 Mechanism Design vs UX; Protocol vs Product

  • 23:00 Building and Scaling Modular Systems

  • 26:58 The Core Architecture of Euler V2

  • 32:10 Educating Community on Euler Vaults

  • 35:41 How Euler v2 is Different From Other Lending Protocols

  • 40:42 Governance and Risk Management in Euler v2

  • 45:37 The Role of the EUL Token

  • 51:10 Euler Governance

  • 54:38 Closing Thoughts

  • 56:30 Outro

Transcript
Transcript