Clearstar’s new curated market with @noon_capital sUSN is now live on @eulerfinance
Depositors are earning upwards of 15% APY with USDC rewards via
@merkl_xyz
STEY brings supported Ondo tokenized equities into Euler lending markets as collateral for PYUSD borrowing.
Euler’s modular architecture gives market builders vault-level control over risk parameters, while the EVC keeps collateral composable across connected markets.
Pretty cool to see Cyclical Rates finally go live.
I came up with the original mechanism during my time at Euler as a way to bridge the gap between variable-rate lending and fixed-term credit.
Instead of fixed maturities, Cyclical Rates use recurring repayment windows that repeat forever. Borrowers get a predictable rate for most of the cycle, but face sharply higher rates during the repayment window, creating a strong incentive to refinance or repay.
The result is a perpetual fixed-rate lending market: borrowers get rate certainty, lenders get structured liquidity events, and positions remain fungible and composable onchain.
As far as I'm aware, there isn't really a traditional finance analogue. It's a genuinely crypto-native lending primitive that only works because smart contracts can coordinate these recurring incentive cycles automatically.
Very cool to see the team take it from concept to production.
🌳 A Milestone for DeFi Fixed Income
DeFi just got its first benchmark-anchored fixed rate market.
Curated by @kpk_io, the new ETH markets on @eulerfinance set borrow rates each cycle from TESR, Treehouse's on-chain benchmark for staking yields. 🧵👇
https://t.co/sSiRd4r0rD
KPK ETH Yield Term is live on Euler.
The @kpk_io curated Earn vault allocates WETH into lending markets, with monthly rate cycles anchored to @TreehouseFi TESR 30D.
Term-style ETH lending, built on Euler primitives.
1/ Predictable pricing is what lets capital lend and borrow at scale. Onchain ETH credit has rarely had it.
KPK ETH Yield Term, live on @eulerfinance, brings a fixed, benchmark-set rate to ETH lending.
🏦👥 @eulerfinance's expansion into tokenized assets is driving user growth.
Daily active users increased by ~200% after @Securitize's VBILL became available as collateral.
A chart to watch 👇
A new path for tokenized securities in DeFi lending.
Assets like VBILL and STAC can now be used as collateral on Euler, with required transfer and eligibility checks enforced at the vault level.
Read more about the Securitize-compatible market design.