Euler Finance is a modular, permissionlesslending protocol that allows anyone to create isolated lending markets forvirtually any ERC-20 token. Unlike traditional lending protocols with curatedasset lists, Euler enables creation of ERC-4626 compliant vaults where anytoken can be supplied and borrowed against, with customizable risk parameters.The protocol uses real-time oracle-based pricing and features a novelsoft-liquidation mechanism that reduces liquidation bot profitability, creatingfairer outcomes for borrowers. Euler v2 introduced the EVK (Euler Vault Kit)enabling sophisticated lending strategies and nested vault architectures forcomplex DeFi use cases. The protocol supports billions in lending volume acrossEthereum mainnet and multiple L2 networks.