eulSynths - Single-Click Leveraged DEX LP

eulSynths - Single-Click Leveraged DEX LP

eulSynths is a universal DeFi yield product platform built on Euler and Balancer. The protocol allows users to leverage DEX liquidity to increase their yield and mint synthetic tokens like our eulUSD.

eulSynths - Single-Click Leveraged DEX LP

eulSynths - Single-Click Leveraged DEX LP

eulSynths is a universal DeFi yield product platform built on Euler and Balancer. The protocol allows users to leverage DEX liquidity to increase their yield and mint synthetic tokens like our eulUSD.

The problem eulSynths - Single-Click Leveraged DEX LP solves

Getting optimal yield has been very difficult in the past. A multitude of synthetic assets and derivatives (especially LSDs) allow for multiple variations of generating income.

One could either add them to DEX pools to earn fees on the high volumes or leverage them on lending protocols.

eulSynth is the first protocol that allows for streamlining all of those income sources at the same time.

Challenges we ran into

Balancer and Euler are both highly composable protocols, however, their composability comes with a high degree of complexity.

Balancer for instance allowed us to select from a multitude of Stable Pools, each of which have highly specific parameterizations. On top of that, Euler's implementation of the Vault Connector is entirely new, as such, we had to take a long time to even just understand how we could make them work together.

Tracks Applied (3)

Defi, NFTs & Gaming

eulSynths unites the most complex DeFi projects to a set of easy-to-use yield products. Our platform allows for high lev...Read More

Connect the world with Chainlink

eulSynths leverages Chainlink oracles in multiple ways. First off, it does so in the form of Composable Stable Pools, wh...Read More

Chainlink

Create a vault allowing you to deposit ERC-721 tokens that can be accepted as collateral in other Ethereum Vault Connector (EVC) compliant vaults

eulSynths provides the first working MVP of a Euler-native synthetic stablecoin. Conceptually this is easy to extend to...Read More

Euler

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