#EulerFinance has effectively addressed the challenge of handling multiple fee tokens by introducing a superior solution compared to #Uniswap .
In this approach, multiple tokens are auctioned off simultaneously, allowing buyers to construct their own baskets while excluding undesirable assets.
Notably, the contract does not explicitly hold the assets, which reduces transfer costs incurred from the markets generating the fees. Buyers only pay gas for the tokens they purchase.
Instead of a fixed lot, #Euler Finance employs a #DutchAuction , a dynamic mechanism that adapts naturally to varying rates of generated fees.
During the auctions, tokens continue to accumulate until the falling auction price aligns with the value of the generated fees (including gas and swap costs).
Overall, this innovative design holds great promise, and I look forward to its widespread adoption! 🚀
#DeFiRising