Euler Finance

Author: Seini Date submitted: 25/08/25

Simple summary: The purpose of this EIP is to consider enabling fees that are not yet activated in the Euler Lending protocol.

Motivation: Removing fees on key assets was a true effective way to restore liquidity at the launch of V2 in order to be as attractive and competitive as possible.

Today, with more than 2.8 billion TVL, I think we can envisage activating fees that are not yet activated. Indeed, given the maturity of the protocol today plus the launch of EulerSwap, I think this is the right time to do it, as it will bring a flow of liquidity without the lending protocol fees being a problem for the continuity of the growth of it.

Moreover, we’re entering an era where technology and profitability finally count in the crypto space; Euler already have the technology and it’s even at the cutting edge of it, all it need now is the revenue, which is already there but to a lesser extent.

To sum up, all things considered, I think it’s time for the protocol to generate the revenue it deserves. Following discussion on the Forum, Objective Labs has carried out extensive research into the ins and outs of the fees, which can be found on the Euler Forum.

As a result of this analysis, I suggest adding as an option that Objective Labs be given full control over the management of fees. This will simplify the process and leave fee management to people who fully understand the issues. If this option is selected, Objective Labs will need to detail each change to the fee settings in a dedicated section of the Euler forum.

Here are the available options: Option 1 : Enable fees in accordance with Objective Labs recommendations. Option 2 : Give Objective Labs full control over fee management. Option 3 : Do not enable them.