EUL/USDT is the trading pair between #EULBinanceHODLer EULUSDT token and USDT (a stablecoin pegged to USD).
On Binance, EUL is listed with a “Seed” tag and the trading against USDT is enabled.
For example, at this moment, EUL/USDT is trading around ~ 8.9852 USDT per EUL (this is live data).
The pair also exists in perpetual futures markets (EULUSDT.P) on some exchanges with leverage. EUL is the native token of Euler Finance, a decentralized lending and borrowing protocol.
Holders of EUL can participate in governance (voting on protocol changes) and other protocol-related activities.
It was recently listed on major exchanges, including Binance, with trading pairs such as EUL/USDT, EUL/USDC, EUL/BNB, EUL/FDUSD, EUL/TRY, etc.