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Euler Update [24 August 2022]

Euler Update [24 August 2022]

Let's recap what has happened over the past few weeks!

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Check out last month’s summary newsletter, if you’ve been missing out on our recent progress, or continue reading below for the latest news.

Euler Governance passed eIP14 which upgraded the protocol to use Chainlink, added a new method for gas efficient flash loans, and a number of other improvements.

eIP16 is now live for voting and aims to change stETH pricing to Chainlink and amend the interest rate model.

Another proposal is under request for comment in the forums and aims to change the voting system and increase the number of votes needed for Quorum.

Epoch 10 underway, check out some tips on voting. Users can now get alerts about liquidations on Euler via Twitter. Euler Labs Office Hours were held on Aug 23.

The DeFi Investor wrote a thread on Euler's liquidation process, and Guillaume Lambert wrote about perpetual options on power perpetuals using Euler.

Seraphim wrote about how the new Chainlink integration could empower Euler's stETH/wstETH markets. He also commented on one trade strategy ahead of ETH Merge and a potential risk.

Brandon Neal was featured in Cointelegraph Innovation Circle articles. Brandon will also be on stage at Messari's Mainnet 2022 in NYC on 21-23 Sept.

Euler protocol was integrated in DefiLlama's liquidation levels dashboard, while DeFiYield.App has integrated Euler protocol into their platform.

Euler currently has a total supply of $385.46M with TVL of $217.53M and $167.93M in total borrowed. New markets were activated, including FPIS, FRAX and WAMPL, while the reserves have increased to $1.14M. There are 4,277 lenders and 711 borrowers across 91 markets.

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Haun Ventures discussed Euler with TechCrunch.

Variant's Spencer Noon gave Euler a brief shoutout.

Lemniscap participated in Odsy Network's pre-seed round.

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