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Bringing Permissionless Lending - Making Sense of Euler

Exploring how Euler v2 revolutionizes DeFi lending with modular architecture, ERC-4626 vaults, and permissionless customization, enabling tailored lending markets, seamless interoperability, and more

I'm a little teapot who didn't fill out my bio

While the market has matured, the reality of established DeFi lending faces mounting challenges - rigid frameworks and limited collateral support no longer suffice for today's diverse asset landscape long tail assets. The Fat Protocol thesis back then argued a clear picture: value in crypto would primarily accrue at the protocol layer. It made sense at the time - we all nodded along, thinking about how Bitcoin and Ethereum had massive market caps while applications built on top struggled to capture similar value. But today DeFi lending has thrown a wrench. The reality is messier, more complex, and forces us to rethink everything - most critically, how these systems should be structured in the first place to drive maximum value capture.