Euler (EUL)

After the unexpected engagement on my post yesterday, I felt some responsibility to dig into the new ticker about to come from ex-Aave team.

Firstly, there is clearly something being built at BGD Labs by looking the signs of their bios and posts. It's also clear that people from ACI seem to support them too again based on their reposts. So, it's almost guaranteed that ACI and BGD Labs will move together, not separately. That's why I believed it is important to keep an eye on.

A completely new ticker was only a one possibility. I know what many of you think. So, let's kill the elephant in the room: Are they planning to join Euler Finance @eulerfinance under ticker $EUL?

Everyone's tracking tokenized RWA numbers. Nobody's asking why ~$28B of it is just sitting there doing nothing.

~$31B in tokenized RWAs exist on-chain. Only ~$2.5B is actually working inside DeFi. A year ago that number was near zero.

The gap isn't demand. It's plumbing.

@eulerfinance's daily active users more than doubled in the weeks after VBILL went live as collateral on May 28 - roughly 200% growth per @tokenterminal's 90-day chart.

Not every new address is automatically an institution, but this is clearly not a retail-native setup either. VBILL has a $1M minimum ticket on Ethereum, so the user growth around that market points to institutional capital finally finding useful DeFi rails.

Euler v2 was quietly built for exactly this. A lot of DeFi infrastructure couldn't handle it until now:

- Isolated vaults per asset so one bad market can't touch the rest
- Compliance hooks enforcing KYC access at the contract level
- Curated risk managers (KPK) setting parameters per market
- Daily NAV oracles from R

and borrow/multiply it on @eulerfinance on @base curated by @ClearstarLabs

https://t.co/nb41NIRf55