A decentralized finance (Defi) Altcoin based on Ethereum (ETH) is increasing after obtaining the best US-based crypto exchange platform.
In a new thread, Coinbase out It adds support for Euler (Eul), a loan and loan protocol built on top of the second largest digital active per market capitalization.
“Euler (Eul) is now live at http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
After the announcement, Eul saw a price increase, rising from a low of 6 August from $ 11.02 to a peak of $ 12.17 only a day later. It has since stabilized and currently acts at $ 11.77, which represents an increase of 5.7% compared to the last 24 hours.
According to the official websiteEuler is a modular Defi-platform with permissionless vault creation, so that everyone can make a credit safe for a specifically active using the ERC-4626 token protocol, an extension of the popular ERC-20 standard that expands its reach to portable host drivers.
“Vaults are the fundamental building blocks of the Euler protocol, which serve as the primitive unit for all loans and loan activities …
EVK (Euler Vault Kit) Valen are extensive ERC-4626 safes that act as passive loan pools. In contrast to standard ERC-4626 safes that generate proceeds through active investment strategies, EVK-Kluizen earn yields from loan assets to borrowers. These safes accept ERC-20-token deposits and enable users to borrow against their collateral. “
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Featured image: Shutterstock/Lemberg Vector Studio/Sensvector
