Euler V2 · Ethereum

USD0 (EVK Vault eUSD0-4)

Overview

The Euler V2 USD0 on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY stands at 91.24% with no additional reward layer. Over the past seven days, there has been no trend change, while over the last thirty days, it decreased by 3.6%. This places the current rate below the 30-day mean of 92%.

TVL remains steady at $12M without a specified 7-day change. The primary risk is depeg risk on the underlying stablecoin. Given its lending nature and single-asset composition, this pool's stability hinges significantly on the health and trustworthiness of the collateral asset.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 0.82%; 30-day mean is 0.85%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 66% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.