This is the CEO's letter of the company ⏬
I am Jonathan Han
I am honored to announce that I have taken on the role of CEO of the company
.Euler Labs
First and foremost, I would like to express my heartfelt thanks to Michael and Doug for their leadership and vision over the years. With their guidance, the team has built a solid technical foundation that prioritizes capital efficiency and security, and designs innovative protocols. This foundation is what positions Euler today to attract the next generation of users and use cases in decentralized finance (DeFi), and I am immensely grateful for the efforts made by them and the entire team to bring us to this point. Michael and Doug will remain closely connected as advisors, continuing to guide product innovation and contribute to Euler's growth
We made significant progress in 2025, which included increasing total deposits on the protocol to over $4 billion, expanding across multiple ecosystems, and continuously delivering cutting-edge products for both institutional and individual users. These achievements were not accidental; they are the result of a team that fully understands the potential and responsibilities of decentralized finance.
As I take on this role, my focus is on building the best vault infrastructure for our current community and the upcoming wave of institutional users, fintech companies, and retail users who will join the blockchain.
Decentralized finance is no longer an experimental field; it has become a fundamental financial infrastructure rapidly taking shape. By 2026, Euler is positioned
a central position in this transformation. We have built a strong suite of products. Institutional vaults and strategic partnerships focused on areas of clear demand from users and structural shortcomings, including risk-weighted asset-backed vaults and innovative fixed and periodic interest rate products, along with new approaches to designing synthetic assets. During this expansion, we will remain committed and disciplined in our focus on risk management, capital efficiency, and providing an exceptional user experience.
I am very excited to lead this new phase alongside Casper and a team that has already demonstrated its ability to perform at a high level. We have the right people, a solid foundation, and a clear vision for the goal.
We thank our community, contributors, partners, and supporters for your trust in us. There is still impactful work ahead, and we are only at the beginning of the journey.$EUL
