ETH
There's a risk of borrower default, which can lead to losses for lenders. Smart Contract Risk: Like other DeFi protocols, Goldfinch is susceptible to smart contract vulnerabilities. Market Volatility: The value of GFI and other cryptocurrencies can fluctuate, impacting the platform's operations.
Governance: EUL token holders have voting rights on proposals related to the protocol's development, parameters, and treasury management. Staking: Users can stake their EUL tokens to earn rewards and participate in governance. Incentives: EUL tokens are used to incentivize liquidity providers and other participants in the Euler ecosystem.
Hyper-local delivery: Focuses on delivering within specific cities, ensuring fast and efficient service. Same-day, next-day, and nominated-day options: Offers flexibility to meet customer needs. Luxury of convenience: Provides a high-quality customer experience with features like "Wait & Try" and "Try-Before-You-Buy".
Risk-tolerant: Degens are comfortable with high levels of risk. Speculative: They often invest in new, unproven cryptocurrencies or participate in complex DeFi protocols. FOMO-driven: Fear of missing out (FOMO) can influence their decisions. Meme-based: Degens are often influenced by internet memes and trends.