• Euler XYZ, a DeFi lending protocol, raised USD 32 million in a funding round led by Haun Ventures with participation from the venture arms of Coinbase and FTX as well as Jump Crypto, Jane Street, Variant, and Uniswap Labs Ventures. This round brings the company’s valuation to USD 375 million. 

• The company will use the funds to support the onboarding of new ecosystem partners and diversify the treasury assets of the Euler DAO.

<ul><li> Analyst QuickTake : The DeFi lending space has seen growth during the last two months, with startups such as iZUMI Finance and Masa Finance raising USD 30 million , and USD 3.5 million in funding, respectively, in May. Ondo Finance also raised USD 20 million in April. Euler XYZ, having raised the largest round of the three, aims to differentiate itself from its competition by offsetting liquidation risk through the classification of assets into risk-based tiers.</ul>