๐Ÿš€ Big news from Euler Finance! The decentralized finance lending platform has just launched a new hybrid token called Maxi. Announced on Sept. 16, Maxi aims to offer greater capital efficiency and risk mitigation through a blend of assets and cross-collateralization.

๐Ÿ”— Maxi is backed by a diverse range of assets, including tokenized treasury bills, yield-bearing tokens, synthetic dollars, and fiat-backed stablecoins. Key assets include Ondo Financeโ€™s USDY, Usual Moneyโ€™s USD0, Ethenaโ€™s USDe, and Circleโ€™s USDC.

๐Ÿ’ก Users can earn rewards by collateralizing sUSDe and USDe or lending and borrowing with USD0, stUSD, and USDC. Incentives include Ethenaโ€™s sats, Usual Money Pills, and Angle Protocolโ€™s ANGLE.

๐Ÿฆ Institutional asset managers like K3 Capital and MEV Capital will manage Maxiโ€™s vaults for optimal efficiency and safety.

๐Ÿ›ก๏ธ Despite a $197M flash loan attack in March 2023, Euler Finance recovered over $177M, showing resilience and commitment to security.

๐Ÿ’ฌ What do you think about Maxiโ€™s potential? Share your thoughts in the comments!