What is Euler Finance?

Euler Finance is a non-custodial protocol deployed on the Ethereum blockchain, providing crypto asset lending services. It completed a $32 million funding round led by Haun Ventures in June 2022. Euler Finance introduced several innovative features such as reactive interest rates, isolated protection of collateral, MEV-resistant liquidation, and multi-collateral stables to the DeFi industry. However, in March 2023, Euler Finance suffered an attack, resulting in a loss of approximately $200 million.