September 27, 2022

Ethereum Euler protocol developers raise $32 million

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Haun Ventures led a $32 million funding round initiated by the developers of an Ethereum network protocol called Euler. In addition, major players such as Variant, FTX Ventures and Jump Crypto participated in the funding round. The firm, led by Cathy Haun, saw a promising investment in a non-custodial project that allows clients to lend and borrow cryptocurrencies.

The creators of the Euler platform, built on the Ethereum blockchain, said they are able to increase the security of decentralized lending and borrowing digital assets using a unique infrastructure. Its mechanism allows you to assign a special level to each investment, depending on the degree of risk.

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