M^0

The Euler Foundation, representing the Euler DAO, seeks to approve the Governed wM vault in its Euler Yield market as an approved Earner.

The Euler DAO is responsible for the governance of Euler V2 — an advanced modular DeFi lending platform that allows you to lend, borrow and build without limits. The Euler protocol’s innovative architecture, comprising the Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC), empowers builders to deploy and customize lending vaults in a permissionless manner, offering unparalleled flexibility and potential for innovation within the ecosystem.

By allowing the Governed wM vault to become an Earner on M^0, the Euler DAO intends to allow depositors to supply Smart $M against various collateral assets and for wM to be used as collateral to borrow various assets. As part of this work, we would like to redirect some of the wM earnings to our vault depositors to help bootstrap supply and borrows.

Our participation aligns with Euler’s mission to foster growth and innovation within DeFi, leveraging our modular lending solutions to contribute to the strengthening of the M^0 ecosystem.

This vault’s addition to the Earner’s list would not only support the growth of wM but also provide strategic synergies that enhance both Euler and M^0’s offerings.

Governed wM Earner Vault: 0x48Afe17cB6363fD1aaeA50a8CB652C5978972c96