“$ETH EUL Coin: A Simple Guide to the New DeFi Token Listed on Binance”
$ETH EUL is the native token of Euler Finance — a decentralized finance (DeFi) platform. Euler is built on Ethereum (and other compatible networks) and allows people to lend, borrow, or trade crypto assets in a flexible, decentralized way.
The idea behind Euler is to give developers and users more freedom: anyone can create customized “vaults” (lending / borrowing markets) for many different tokens — not just the most popular ones. This kind of “permissionless vault creation” gives the protocol high flexibility and opens DeFi to more assets.
Because of this flexibility and modular design, Euler aims for better capital efficiency, risk isolation, and composability (mixing different DeFi activities together) than many older lending protocols.
What is the Purpose of the EUL Token?
Governance: EUL holders have a say in how Euler evolves — they can vote on important protocol changes, like which assets are allowed, what risk parameters should be, protocol upgrades, etc.
Fee & Reward Mechanism: The protocol uses a “Fee Flow” system, allowing users to exchange protocol fees for EUL — meaning EUL might also represent a share of the platform’s revenue or rewards in some setups.
Fixed Supply: The total supply of EUL is capped at 27,182,818 tokens.
Because of these roles, EUL isn’t just a “currency” — it’s a governance & utility token that aligns users with the platform’s success and growth.
What’s New: EUL’s Listing on Binance & the “HODLer Airdrop”
Recently, Binance — one of the biggest cryptocurrency exchanges — added EUL in a major way. Here’s what happened:
EUL was announced as the 51st project in Binance’s “HODLer Airdrops” program.
Users who had held BNB (Binance’s native coin) in Binance’s “Simple Earn” or “On-Chain Yields” during a specific snapshot period (October 4–6, 2025) became eligible to receive airdropped EUL tokens automatically.
Total of 543,657 EUL (≈ 2% of total supply)
