DeFi Project Spotlight: Euler Finance, the Next-Generation Money Market

Euler Finance is a second-generation DeFi lending protocol custom built to allow permissionless lending and borrowing of long-tail crypto assets.
Euler has innovated and built a number of novel DeFi features, including asset tiers, reactive interest rates, risk-adjusted borrow factors, Dutch-auction liquidations, protected collateral, and batch transactions.
On Euler, anyone can create a money market for any crypto asset with an ETH liquidity pair on the Uniswap V3 decentralized exchange.