Euler vaults
About Euler
Euler is a modular lending protocol where curators run isolated USDC, USDT and other lending vaults on Ethereum, Base, Arbitrum and a dozen more networks.
The current listing contains $703.6M TVL in 128 vaults with a TVL-weighted average APY of 1.1% (annualised, last 30 days).
Euler is a modular, decentralised lending protocol built from independent vaults. Each vault lends one asset, such as USDC, under its own settings, and vaults can accept deposits in other vaults as collateral, so curators can build anything from isolated pairs to multi-asset lending markets. Euler v2 launched in September 2024 and runs on Ethereum, Base, Arbitrum, Avalanche, BNB Chain, Monad, Plasma and other networks.
Vault types. Governed vaults are managed by a governor or risk curator who can change accepted collateral, loan-to-value limits, caps, oracles and fees. Ungoverned vaults keep fixed parameters, and escrow vaults only hold collateral and earn no interest. Euler Earn vaults take one asset and allocate it across Euler lending vaults and other strategies chosen by their curator. Euler vault yields come from the interest borrowers pay, minus any interest fee set by the vault's governor; Euler protocol fees have been zero since April 2026.
Withdrawals and risks. Deposits are not principal-protected: a vault can lose value through bad debt, oracle failure, smart contract failure or configuration changes, and withdrawals are limited to liquidity that borrowers have not taken, so high utilisation can delay them. Isolation contains losses rather than preventing them: when Stream Finance, which had borrowed much of the liquidity on Euler's Plasma deployment, defaulted in late 2025, Euler Labs' Q1 2026 review reported that the Plasma deployment was effectively wiped out, while Euler's DAO-managed markets had no direct exposure.
History. Euler v1 was exploited for about $197 million in March 2023, and all stolen funds were recovered within three weeks after negotiations with the attacker. Euler v2 is a new codebase rebuilt from the ground up, and Euler publishes its security review and audit record.
CORE3 risk rating
BBB View more View less
Risk rating by CORE3 for Euler. The rating applies to all vaults on this protocol.
Xerberus risk rating
81 View more View less
128
vaults out of 6081 TVL $704M Avg. return 1.11% Stablecoin-only Updated
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The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASY Euler | >9,999% | >9,999% | >9,999% | 6.7 | 231.2% | 0.0% | USDC | $22.78K $6.29M | 1.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
ABRC Euler | 7,439.8% | >9,999% | 2,900.0% | 4.0 | 291.2% | 0.0% | USDC | $16.31K $236.30K | 1.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Clearstar Prime Euler | 93.1% | 34.2% | 11.5% | 11.2 | 2.6% | -0.1% | USDâ‚®0 | $37.91K $123.41K | 0.9 | 0.0%/ 10.0% | Capped | Negligible |  | ||
K3 Capital Cluster Euler | 92.6% | 91.9% | 101.6% | 6.2 | 10.7% | 0.0% | USDC | $53.67K $7.77M | 1.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Apostro Resolv Euler | 86.8% | 87.4% | 53.6% | 7.0 | 8.9% | 0.0% | USDC | $21.15K $2.87M | 1.8 | 0.0%/ 10.0% | Capped | Negligible |  | ||
Apostro BSC Euler | 53.8% | 53.6% | 31.1% | 7.7 | 5.6% | 0.0% | USDC | $13.72K $2.86M | 1.5 | 0.0%/ 10.0% | Capped | Negligible |  | ||
Re7 Labs USD Cluster Euler | 34.0% | 16.2% | 13.7% | 5.1 | 2.9% | 0.0% | USDT | $15.42K $111.66M | 1.2 | 0.0%/ 20.0% | Instant | Negligible |  | ||
Clearstar Prime Euler | 31.8% | 14.0% | 5.3% | 8.9 | 1.5% | -0.1% | USDC | $180.71K $771.46K | 0.8 | 0.0%/ 10.0% | Capped | Negligible |  | ||
Liquity Hub Euler | 19.3% | 13.3% | 7.3% | 15.8 | 0.8% | 0.0% | USDC | $21.03K $1.32M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Prime Market Euler | 17.9% | 13.6% | 6.9% | 6.5 | 1.9% | 0.0% | USDtb | $23.68K $14.27M | 1.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
AlphaGrowth Base RWA Euler | 15.4% | 16.0% | 9.8% | 22.3 | 0.7% | 0.0% | USDC | $452.38K $1.93M | 1.0 | 0.0%/ 10.0% | Instant | Negligible |  | ||
InfiniFi 4w USDC Euler | 14.2% | 14.0% | 5.1% | 28.8 | 0.5% | 0.0% | USDC | $96.39K $344.16K | 0.5 | 0.0%/ 5.0% | Instant | Negligible |  | ||
AUSD - PT-reUSD-10DEC2026 Euler | 11.6% | 9.1% | 2.9% | 33.3 | 0.3% | 0.0% | AUSD | $69.96K $1.44M | 0.4 | 0.0%/ 5.0% | Instant | Negligible |  | ||
InfiniFi Markets Euler | 11.1% | 12.2% | 4.6% | 25.7 | 0.4% | 0.0% | USDC | $135.85K $847.71K | 0.5 | 0.0%/ 0.0% | Instant | Negligible |  | ||
EVK Vault eUSDC-81 Euler | 10.5% | 8.6% | 4.2% | 21.6 | 0.4% | 0.0% | USDC | $66.79K $106.37K | 0.6 | 0.0%/ 0.0% | Instant | Negligible |  | ||
K3 Capital USDai Market Euler | 9.4% | 7.4% | 5.7% | 6.4 | 1.1% | 0.0% | USDT0 | $383.33K $211.42M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Cassa RWAs, Equities & Commodities Euler | 9.1% | 8.4% | 2.9% | 12.1 | 0.7% | -0.0% | AUSD | $27.27K $2.06M | 0.5 | 0.0%/ 0.0% | Instant | Negligible |  | ||
AlphaGrowth Base AI Euler | 9.1% | 8.2% | 2.0% | 31.2 | 0.2% | 0.0% | USDC | $75.18K $185.38K | 0.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Valos vUSD/AUSD Market Euler | 9.0% | 7.3% | 3.0% | 22.6 | 0.3% | 0.0% | AUSD | $17.76M $17.76M | 0.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Prime Market Euler | 9.0% | 9.0% | 12.9% | 58.0 | 0.1% | 0.0% | USDC | $2.00M $53.32M | 2.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Solv-Exclusive USD1 Vault Euler | 8.6% | 3.4% | 3.7% | 4.6 | 0.7% | 0.0% | USD1 | $27.57K $14.28M | 1.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Euler Earn USDC Euler | 7.9% | 8.1% | 7.1% | 7.4 | 1.0% | 0.0% | USDC | $39.09K $88.05M | 1.2 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Yuzu Money Cluster Euler | 7.6% | 5.7% | 6.5% | 6.3 | 0.9% | 0.0% | USDT0 | $55.88K $29.99M | 1.0 | 0.0%/ 10.0% | Instant | Negligible |  | ||
JPEG Trading x Yieldpoint Euler | 7.5% | --- | 0.9% | 14.9 | 0.5% | 0.0% | USDC | $27.91K $28.58K | 0.1 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Clearstar Fusion Euler | 7.2% | 3.2% | 1.0% | 11.5 | 0.3% | 0.0% | USDC | $408.45K $408.45K | 0.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital USDai Market Euler | 7.1% | 9.6% | 8.2% | 5.9 | 1.6% | 0.0% | USDai | $181.27K $128.49M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated NVDAB-USDT Euler | 7.1% | --- | 0.7% | 3.6 | 1.2% | 0.0% | USDT | $14.17K $142.84K | 0.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated QQQB-USDT Euler | 7.0% | --- | 0.7% | 4.1 | 1.4% | 0.0% | USDT | $14.15K $285.71K | 0.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Clearstar Reactor Euler | 7.0% | 7.2% | 3.2% | 32.5 | 0.2% | 0.0% | USDC | $3.44M $6.22M | 0.6 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Clearstar Earn USDC Euler | 7.0% | 7.2% | 3.2% | 33.1 | 0.2% | 0.0% | USDC | $3.43M $6.21M | 0.6 | 0.0%/ 0.0% | Instant | Negligible |  | ||
K3 Capital USDT0 Vault Euler | 6.8% | 5.1% | 5.2% | 6.3 | 0.8% | 0.0% | USDT0 | $11.86K $186.49M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital RLUSD Euler | 6.8% | 5.4% | 3.1% | 6.3 | 0.8% | 0.0% | RLUSD | $179.40K $250.00M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated shMON-WMON-USDC Euler | 6.5% | 4.5% | 2.5% | 6.7 | 0.7% | 0.0% | USDC | $57.58K $3.35M | 0.9 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated PT-USDAT-14JAN2027-USDC Euler | 6.2% | --- | 0.9% | 17.0 | 0.3% | 0.0% | USDC | $9.12M $10.00M | 0.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
AlphaGrowth Base Euler | 6.2% | 5.8% | 7.7% | 5.4 | 1.0% | 0.0% | USDC | $305.83K $21.31M | 1.9 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Euler Earn USDC Euler | 6.0% | 8.2% | 4.1% | 6.4 | 1.2% | 0.0% | USDC | $20.25K $10.61M | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Clearstar Yield Euler | 5.7% | 7.0% | 5.5% | 23.5 | 0.3% | 0.0% | USDC | $146.83K $857.65K | 0.9 | 0.0%/ 10.0% | Instant | Negligible |  | ||
HypurrFi Earn USDC Euler | 5.7% | 7.0% | 5.3% | 23.1 | 0.3% | -0.2% | USDC | $139.65K $808.86K | 0.8 | 0.0%/ 0.0% | Instant | Negligible |  | ||
K3 Capital ASTERLIQUID Euler | 5.7% | 4.9% | 7.1% | 10.5 | 0.5% | 0.0% | USDT | $116.93K $6.06M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated gAUSD-AUSD Euler | 5.6% | --- | 1.2% | 19.7 | 0.3% | 0.0% | AUSD | $15.91M $16.17M | 0.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Prime Market Euler | 5.4% | 8.6% | 13.4% | 6.9 | 1.2% | 0.0% | USDT | $349.46K $41.29M | 2.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Clearstar OpenEden Hybond Euler | 5.3% | 5.2% | 1.6% | 20.6 | 0.2% | 0.0% | USDC | $2.62M $4.70M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated syzUSD-USDT0 Euler | 5.3% | 5.3% | 1.3% | 16.9 | 0.3% | 0.0% | USDT0 | $3.42M $6.77M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital USDai Cluster Euler | 5.2% | 6.2% | 6.1% | 5.6 | 1.1% | 0.0% | USDC | $234.85K $96.59M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Lista USDT Vault Euler | 4.9% | 3.5% | 4.5% | 17.9 | 0.2% | 0.0% | USDT | $2.35M $31.68M | 1.5 | 0.0%/ 10.0% | Capped | Negligible |  | ||
9Summits Cluster Euler | 4.9% | 3.5% | 6.2% | 5.4 | 0.6% | 0.0% | USDC | $46.48K $27.81M | 1.0 | 0.0%/ 20.0% | Instant | Negligible |  | ||
K3 Capital Cluster Euler | 4.8% | 4.8% | 8.0% | 6.1 | 0.8% | 0.0% | deUSD | $40.77K $9.99M | 1.4 | 0.0%/ 10.0% | Capped | Negligible |  | ||
9Summits USDC Euler | 4.8% | 3.5% | 6.2% | 5.4 | 0.6% | 0.0% | USDC | $21.89K $27.36M | 1.0 | 0.0%/ 0.0% | Instant | Negligible |  | ||
K3 Isolated yzPrime-USDC Euler | 4.6% | 4.5% | 1.9% | 16.0 | 0.3% | 0.0% | USDC | $4.20M $4.24M | 0.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Lorenzo Exclusive USD1 Vault Euler | 4.4% | 2.6% | 0.9% | 5.6 | 0.5% | 0.0% | USD1 | $18.50K $31.40M | 0.6 | 0.0%/ 10.0% | Instant | Negligible |  | ||
AUSD - wSTRCx Euler | 4.2% | 6.7% | 2.2% | 15.2 | 0.4% | -0.3% | AUSD | $13.47K $1.57M | 0.4 | 0.0%/ 5.0% | Instant | Negligible |  | ||
EVK Vault eUSDC-46 Euler | 4.1% | 3.9% | 3.1% | 15.4 | 0.2% | 0.0% | USDC | $65.53K $201.86K | 0.9 | 0.0%/ 0.0% | Instant | Negligible |  | ||
Statera Vault USDT Euler | 4.0% | 5.3% | 4.1% | 6.5 | 0.8% | 0.0% | USDT | $19.96K $2.31M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
AlphaGrowth Mainnet RWA Euler | 3.6% | 4.1% | 5.7% | 24.8 | 0.2% | 0.0% | USDC | $785.61K $8.27M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Yield Market Euler | 3.3% | 3.6% | 7.2% | 7.1 | 0.5% | 0.0% | RLUSD | $147.73K $181.93M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Arbitrum Market Euler | 3.1% | 2.6% | 5.3% | 7.3 | 0.3% | 0.0% | USDâ‚®0 | $14.44K $24.94M | 1.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Pangolins USDT Vault Euler | 2.9% | 2.4% | 4.5% | 8.2 | 0.3% | 0.0% | USDT | $1.33M $88.30M | 1.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Theo Market Euler | 2.9% | 2.0% | 5.8% | 5.5 | 0.4% | 0.0% | USDC | $15.76K $22.97M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
RockawayX PT Yield Euler | 2.8% | 4.9% | 2.4% | 34.8 | 0.1% | 0.0% | USDT | $130.84K $8.23M | 0.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Cozy USDC Euler | 2.8% | 3.1% | 1.4% | 13.8 | 0.2% | 0.0% | USDC | $366.52K $1.19M | 0.8 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital RLUSD Euler | 2.7% | 3.7% | 4.6% | 7.5 | 0.5% | 0.0% | USDC | $904.02K $155.01M | 1.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital Arbitrum Market Euler | 2.6% | 3.6% | 5.5% | 7.2 | 0.5% | 0.0% | USDC | $34.36K $24.31M | 1.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Keyring Institutional Cluster Euler | 2.6% | --- | 0.3% | 13.4 | 0.2% | 0.0% | USDC | $84.97K $1.11M | 0.1 | 0.0%/ 13.3% | Instant | Negligible |  | ||
MEV USDT Vault Euler | 2.5% | 2.5% | 8.3% | 15.9 | 0.2% | 0.0% | USDT | $8.16M $95.23M | 1.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Capital PYUSD Euler | 2.4% | 2.9% | 2.1% | 8.7 | 0.3% | 0.0% | PYUSD | $286.24K $300.02M | 1.0 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Re7 USD1 Euler | 2.2% | 2.2% | 5.9% | 15.9 | 0.1% | 0.0% | USD1 | $1.83M $8.67M | 1.3 | 0.0%/ 20.0% | Instant | Negligible |  | ||
K3 Isolated SNDKB-USDT Euler | 2.0% | --- | 0.2% | 3.5 | 0.5% | 0.0% | USDT | $14.15K $285.71K | 0.1 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Re7 Labs USD Cluster Euler | 2.0% | 2.9% | 2.4% | 5.7 | 0.5% | 0.0% | mUSD | $61.20K $142.14M | 1.1 | 0.0%/ 20.0% | Instant | Negligible |  | ||
Poppie Ondo Markets Euler | 1.9% | 0.9% | 0.2% | 8.1 | 0.1% | 0.0% | USDT | $107.68K $112.38K | 0.3 | 0.0%/ 25.0% | Instant | Negligible |  | ||
K3 Capital PYUSD Euler | 1.6% | 3.2% | 3.7% | 10.8 | 0.3% | 0.0% | USDC | $187.64K $183.88M | 1.0 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Lista USDC Savings Vault Euler | 1.6% | 0.9% | 0.5% | 8.5 | 0.1% | 0.0% | USDC | $3.26M $6.32M | 0.5 | 0.0%/ 10.0% | Instant | Negligible |  | ||
K3 Isolated PT-AUSD-8OCT2026-AUSD-USDC Euler | 1.5% | 3.8% | 1.3% | 12.4 | 0.3% | 0.0% | AUSD | $42.51K $41.79M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Lista DAO USD1 Vault Euler | 1.4% | 1.3% | 3.3% | 15.7 | 0.1% | 0.0% | USD1 | $138.17M $231.58M | 1.6 | 0.0%/ 10.0% | Capped | Negligible |  | ||
Re7 Labs USD Cluster Euler | 1.2% | 1.1% | 3.7% | 6.7 | 0.2% | -0.1% | USDC | $16.72K $101.78M | 1.2 | 0.0%/ 20.0% | Instant | Negligible |  | ||
AlphaGrowth Isolated AUSD/AUSD-PT Euler | 1.2% | 2.8% | 1.6% | 6.6 | 0.4% | 0.0% | AUSD | $11.96K $3.06M | 0.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
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