Euler XYZ Limited

Euler XYZ Limited is a blockchain technology company that develops decentralized finance (DeFi) applications to improve financial services through innovative solutions and peer-to-peer lending. Founded in 2020, Euler XYZ Limited is headquartered in London, UK. The company specializes in creating decentralized financial applications, introducing innovative products such as the Euler lending protocol. The founders, Doug Hoyte and Jack Prior, lead the organization with CEO Michael Bentley and Rob Jones at the helm.

In June 2022, the company raised USD 32 mn in Series A funding, led by Haun Ventures with participation from other notable investors like Coinbase Ventures and FTX Ventures. The funding round contributes to a total amount raised of USD 32 mn from four deals to date. Euler Labs specializes in developing decentralized finance (DeFi) applications, focusing on enhancing the functionality and accessibility of financial services through blockchain technology. Core offerings include significant contributions to the Ethereum Vault Connector (EVC) and the Euler lending protocol, designed to facilitate peer-to-peer lending and borrowing.

These products address the inefficiencies of traditional finance, promoting a modular and permissionless ecosystem for various clients, including individual investors and institutions. Services are accessible globally, particularly targeting markets where traditional banking access is limited. Euler Labs generates revenue through transaction fees associated with its lending protocol and EVC, where users pay fees for borrowing and lending assets directly on the platform. This model enhances efficiency and reduces costs by eliminating intermediaries.

Pricing structures are flexible and based on user engagement and market dynamics, effectively catering to both individual users and institutional clients. Following the most recent funding round in June 2022, where the company raised USD 32 mn, Euler plans to diversify the treasury assets of the Euler DAO. The company is focused on launching new products designed for the DeFi space and expanding into new geographic markets. Specific markets targeted for expansion include regions with growing demand for decentralized finance solutions, ensuring strategic alignment with their long-term growth initiatives.