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