Euler pushes for certain product fee hikes…Revenue expected to increase by up to 414%

JH Kim

Summary

The DeFi lending protocol Euler (EUL) has announced plans to raise fees on specific products.
Forecasts suggest protocol revenue could rise by as much as 414%.
If passed, the proposal would impose an extra 10% fee on Prime Stablecoin Vaults and Yield Vaults.

According to DL News, a cryptocurrency-focused media outlet, on the 28th (local time), the DeFi (Decentralized Finance) lending protocol Euler (EUL) is reportedly working to raise fees on certain products. A governance vote on related proposals is currently underway.

DL News analyzed that "this fee increase could raise protocol revenue by as much as 414%."

If the proposal passes, an additional 10% fee will be imposed on Euler Prime Stablecoin Vaults and all Euler Yield Vaults. However, fees for other products will remain unchanged.

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

Euler pushes for certain product fee hikes…Revenue expected to increase by up to 414%

PiCK News

US January ADP nonfarm employment rises by 22,000, far below expectations

"BitMine is sitting on $6.6bn in losses" criticism draws response… Tom Lee: "You’re missing the point of a DAT"

Outflows from U.S. Bitcoin ETFs intensify…assets under management fall below $100bn

[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership

Digital asset exchanges voice concerns to ruling party… “Equity regulation would weaken global competitiveness”

Trending News