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Compound vs Euler

How Compound vs Euler compare on our ratings, lending protocol specs, funding, pros and cons.

Compound4.0/5
VS
Euler3.9/5
Feature
CompoundVisit
EulerVisit
Ratings
Our score4.0/53.9/5
User ratingNo reviews yetNo reviews yet
Security & track record4.54.0
Rates4.03.5
Market depth3.54.5
Ease of use4.03.5
Decentralization4.04.0
Specs
KYC required No No
Lending modelIsolated marketsIsolated markets
ChainsEthereum, Arbitrum, BaseEthereum, Base, Avalanche, Other
Main collateral assetsETH, WBTC, USDC, USDTUSDC, WETH, cbBTC, wstETH, PAXG, sUSDe, VBILL
Flash loans No Yes
Permissionless markets No Yes
Audited Yes Yes
Bug bounty Yes Yes
Governance tokenCOMPEUL
Isolated markets Yes Yes
Real-world-asset collateral No Yes
Own stablecoin No No
RatesVariableVariable
Company
Founded20172020
Headquarters——
InvestorsDragonfly, Polychain Capital, a16z cryptoHaun Ventures, Lemniscap, Coinbase Ventures, FTX Ventures +1
Strengths and weaknesses
Pros
  • Audited by OpenZeppelin and ChainSecurity with a $1M bug bounty
  • Processed $480B in all-time deposits and borrows since 2018
  • No KYC required to supply or borrow on standard markets
  • Active on Ethereum, Base, and Arbitrum
  • Supports permissionless deployment of custom vaults and lending markets
  • Non-custodial and requires no KYC verification to lend or borrow
  • Formally verified contracts and a bug bounty program of up to $7.5M
  • Handles both standard crypto tokens and tokenized real-world assets
Cons
  • Lacks an umbrella safety module to cover protocol-wide bad debt
  • Borrow rates vary with base-asset pool utilization
  • Does not support permissionless market creation by users
  • Borrowing is restricted to only one designated base asset per pool
  • Isolated vaults mean liquidity is fragmented across separate markets
  • Custom vaults introduce variable counterparty and oracle configuration risks
  • Variable interest rates can fluctuate sharply based on vault utilization
Best forUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networksDeFi liquidity providers seeking yields, Borrowers using exotic collateral, Curators launching custom credit markets

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.