Euler Vault Kit
Summary
Euler implements Euler Vault Kit, a system for building lending vaults where lenders can earn interest on their deposited assets and borrowers can borrow the deposited assets against collateral. The system is designed to be modular, allowing the creation of lending markets with flexible configurations. — Euler v2 is a modular lending platform with two main components at launch: 1) the Euler Vault Kit (EVK), which empowers builders to deploy and chain together their own customised lending vaults in a permissionless manner; and 2) the Ethereum Vault Connector (EVC), a powerful, immutable, primitive which give vaults superpowers by allowing their use as collateral for other vaults. Together, the EVK and EVC provide the flexibility to build or recreate any type of pre-existing or future-state lending product inside the Euler ecosystem.
