Big update on @eulerfinance: cbETH is now finally a collateral asset!
Let's dive in on how you can trade @coinbase's cbETH on Euler
🧵 1/7
Since release, cbETH has steadily gained market share from Lido and other projects. It saw steady volumes on both @coinbase and DEXes, and was able to secure a @chainlink oracle.
This makes it finally feasible to integrate into a lending protocol like @eulerfinance
2/7
Nov 4, 2022 • 16 tweets • 8 min read
Should cbETH by @coinbase be collateral on @eulerfinance? Provided liquidity risk is mitigated, I think YES. Why?
🔼 It would let cbETH lenders to earn additional APY
🔼 Let DeFi users trade cbETH/ETH and cbETH/stETH in an ultra capital efficient way
The funds are intended for strengthening @Uniswap oracles and laying the foundation for onchain EURUSD FX trading powered by Euler and Circle.
Let's discuss the proposal and onchain FX 🧵 1/13 @eulerfinance@circlepay@Uniswap EUROC by @circlepay will launch soon and has the potential to become as big as USDC. To get there, it needs two things:
🔺 Good onchain liquidity
🔺 Strong decentralised oracles.
Should eTP1 pass, @eulerfinance could contribute to strong oracles.