Utilization rate (lending protocols)
Euler V2's assessment for RD-F-066 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Cache-reported 209.72% utilization is a double-counting artifact from nested vault positions (flagged in profile §4). Six-month blog (March 2025) shows 43% utilization at $671M TVL with $231M active loans. Alea Research identifies Euler as having the highest utilization globally, consistently above 50%. Per-vault on-chain reads not performed. Estimated current range 40-55% for major vaults. Yellow due to inability to verify per-vault utilization precisely and elevated utilization signal relative to peers.
Sources #
- URLhttps://www.euler.finance/blog/euler-v2-6-months-inretrieved 2026-05-04
- https://alearesearch.io/reports/theses/eulerretrieved 2026-05-04
Methodology #
Read the borrowed/supplied ratio per market; flag markets above 95% utilization as at-risk for withdrawal freeze.
See the full factor methodology and distribution across all protocols →