Altcoin, a decentralized finance based on Ethereum (ETH), is increasing after obtaining the support of the main exchange platform for American crypto.
In a new thread, Coinbase says that he adds a support for Euler (Eul), a loan and loan protocol built above the second largest digital asset by market capitalization.
“Euler (Eul) is now live and in IOS and Android Coinbase apps. Coinbase customers can connect to buy, sell, convert, send, receive or store these assets. ”
After the announcement, the Eul saw an increase in prices, going from a hollow of August 6 of $ 11.02 to a peak of $ 12.17 just a day later. The asset has since stabilized and is currently negotiating at $ 11.77, which represents an increase of 5.7% in the last 24 hours.
According to its official website, EULER is a Modular DEFI platform which has the creation of safe without authorization, allowing anyone to create a loan safe for a specific asset using the ERC-4626 token protocol, an extension of the popular ERC-20 standard which extends its scope for safe token.
“The vaults are the fundamental constituent elements of the Euler protocol, serving as primitive unit for all loan and loan activities …
The EVK vaults (EULER vault kit) are ERC-4626 extensive vaults that operate like passive loan pools. Unlike the standard ERC-4626 chests that generate performance thanks to active investment strategies, EVK safes gain performance by lending assets to borrowers. These chests accept deposits of ERC-20 tokens and allow users to borrow against their warranty. »»
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