EulerEUL

100% of the total supply (27,182,818 EUL) is unlocked at TGE, with the entire unlock going to Community.

Euler has a total supply of 27,182,818 EUL, of which 27,182,818 EUL (100% of total) is currently circulating.

Total length of the full Euler emission schedule is 6 years, with 3.91% released in Year 1, while the remaining 34.02% is released over the following 5 years.

7.3% of the Euler supply is allocated to community focused pools such as Protocol Users Rewards and Retroactive Distribution.

Euler Finance is a groundbreaking non-custodial, permissionless lending protocol on Ethereum, designed to empower users to earn interest on their crypto assets or strategically hedge against market volatility without the need for intermediaries. Managed through its native governance token, Euler Governance Token ($EUL), Euler introduces a unique set of tokenomics that enhances decentralized financial operations while ensuring user autonomy. The $EUL token plays a pivotal role in protocol governance, allowing holders to influence decisions regarding protocol upgrades, parameter adjustments, and ecosystem development. Euler's design is centered around a non-custodial framework, granting users full control over their funds and eliminating the reliance on third-party custodians. Euler's innovative lending and borrowing mechanisms employ ERC20-based interest-bearing eTokens, enabling lenders to earn a steadily increasing share of underlying assets. Borrowers, in turn, take liquidity from shared pools, returning it with interest to gain access to capital efficiently. This dynamic ensures a growing pool of assets while optimizing returns for participants. The protocol also introduces tokenized debts via its dToken concept, which is similar to Aave's debt tokens but with a unique permissioning logic. dTokens facilitate the construction of derivative products and enable efficient debt management with standard ERC20-compliant interfaces, enhancing usability and innovation in the DeFi space. Euler further differentiates itself by introducing "protected collateral" options, allowing users to deposit assets without making them available for lending. This feature protects the collateral from default risks, ensures instant withdrawals, and prevents governance manipulation or short-positioning by borrowers using collateral tokens. Advanced features like liquidity deferral allow users to execute multiple operations in one transaction without immediate collateral checks, enhancing efficiency and flexibility. This capability supports complex strategies like depositing collateral and issuing borrows in varied sequences during the same transaction. Moreover, Euler enables feeless flash loans via deferred liquidity checks, enabling users to perform uncollateralized borrows and repay within a single transaction. These features simplify operations like position rebalancing, leveraged trading, and executing arbitrage strategies. Positioned as a highly innovative DeFi protocol, Euler provides a secure platform for decentralized asset management. Its robust $EUL tokenomics model, cutting-edge functionality, and user-centric design make Euler a leading choice for those seeking advanced, permissionless financial tools in the Ethereum ecosystem. Visit their official site, [Euler Finance](https://www.euler.finance/), to discover more about how Euler redefines decentralized lending and borrowing.