Euler Finance x KRNL Labs: Revolutionizing On-Chain Pricing with Composable Oracles
Euler Finance x KRNL Labs: Revolutionizing On-Chain Pricing with Composable Oracles
Euler Finance x KRNL Labs: Revolutionizing On-Chain Pricing with Composable Oracles
Jan 13, 2025
Jan 13, 2025
Jan 13, 2025
We're thrilled to announce a strategic partnership between Euler Finance and KRNL Labs!
This collaboration will unlock new opportunities for developers by providing seamless access to Euler's innovative and modular price oracle system as “kernels”. Kernels are lightweight, reusable modules for any on-chain or off-chain function - the essential building blocks for the future of Web3. Together, we expect to enhance the composability, efficiency, and reliability of decentralized applications through breakthrough on-chain pricing solutions.
Building a New Era of Cross-Chain Development
Euler Finance, with its composable Price Oracle system, brings a powerful new layer of pricing innovation to the Web3 ecosystem. By joining forces with KRNL Labs, we will enable developers to create and utilize pricing kernels powered by Euler’s on-chain oracles. This is neatly aligned with KRNL Labs’ dedication to improving the scalability, security, and composability of Web3 as a whole.
The Euler Price Oracle system is a composable on-chain pricing framework that uses an interface called “IPriceOracle”, which abstracts and queries a diverse range of external pricing oracles, normalizing their responses. By exposing these oracles as kernels, KRNL Labs significantly reduces the gas fees associated with oracle usage. This saving results from pulling pricing data into a single node (at the node level) and then passing it to the smart contract, rather than retrieving it at the VM level, which would be more computationally intensive.
Through this partnership, KRNL will offer this on-chain pricing system as reusable kernels, enabling over 280+ pricing oracles from providers such as Chainlink, Pyth, and Redstone.
Reliable on-chain pricing is fundamental to the growth and sustainability of decentralized finance (DeFi). By offering access to these oracle kernels, KRNL helps developers tap into a wide range of pricing data that is accurate and highly dependable, further reducing the complexities of accessing multi-oracle pricing mechanisms.
Whether for borrowing, lending, trading, or yield farming, KRNL Labs’ integration of Euler’s pricing capabilities empowers Web3 developers to leverage a robust and diversified pricing mechanism that enhances the security and reliability of their DeFi applications. It’s a win-win situation for all involved.
Composability, Efficiency, and Developer Empowerment
The collaboration between Euler Finance and KRNL Labs aims to provide developers with the tools they need to create scalable, secure, and interconnected DeFi applications. With KRNL, developers can now enjoy a streamlined interface to access Euler’s extensive oracle data and seamlessly integrate these new kernels into their projects.
The Euler Price Oracle system’s flexibility encourages developers to harness pricing data from multiple sources, ensuring that their applications have access to resilient and trusted pricing feeds. This ensures minimized risk from single points of failure or manipulated data, crucial for building trust within DeFi ecosystems.
What This Means for Developers
For builders, this partnership represents an expanded toolkit and more accessible resources. With KRNL, developers can now:
Seamlessly integrate on-chain pricing kernels to power their decentralized applications.
Leverage over 280+ pricing oracles, bringing together data from trusted providers like Chainlink, Pyth, and Redstone.
Reduce gas fees and improve efficiency by handling data at the node level.
Enjoy the cohesive cross-chain development experience that the KRNL Protocol offers.
Join Us in Celebrating This Partnership
We’re excited to showcase the potential of this partnership and how it will enable builders to create next-generation decentralized applications with robust pricing infrastructure.
Follow us on our social channels to join the conversation and learn how you can be part of this transformative collaboration.
Together, Euler Finance and KRNL Labs are empowering the next wave of Web3 builders!
About Euler Finance
Euler Finance is a modular lending platform on Ethereum that enables users to lend, borrow and build without limits. Euler is at the forefront of DeFi innovation, also providing a highly composable on-chain pricing system built around an interface called IPriceOracle. Euler's price oracle system supports over 280+ pricing feeds from trusted providers, offering secure, resilient, and diversified pricing data to developers for various DeFi use cases.
About KRNL Labs
KRNL Labs is pioneering a cross-chain composability protocol built around "kernels"—modular, reusable building blocks of on-chain and off-chain functions designed to enhance decentralized applications (dApps). Each kernel serves as a specialised toolkit that dApps can leverage to streamline development, improve UX, and drive adoption. By enabling seamless execution across optimised blockchain networks and Web2 services, the KRNL Protocol accelerates scalability, boosts security, and enhances cost efficiency, fostering a truly interoperable multi-chain ecosystem.
We're thrilled to announce a strategic partnership between Euler Finance and KRNL Labs!
This collaboration will unlock new opportunities for developers by providing seamless access to Euler's innovative and modular price oracle system as “kernels”. Kernels are lightweight, reusable modules for any on-chain or off-chain function - the essential building blocks for the future of Web3. Together, we expect to enhance the composability, efficiency, and reliability of decentralized applications through breakthrough on-chain pricing solutions.
Building a New Era of Cross-Chain Development
Euler Finance, with its composable Price Oracle system, brings a powerful new layer of pricing innovation to the Web3 ecosystem. By joining forces with KRNL Labs, we will enable developers to create and utilize pricing kernels powered by Euler’s on-chain oracles. This is neatly aligned with KRNL Labs’ dedication to improving the scalability, security, and composability of Web3 as a whole.
The Euler Price Oracle system is a composable on-chain pricing framework that uses an interface called “IPriceOracle”, which abstracts and queries a diverse range of external pricing oracles, normalizing their responses. By exposing these oracles as kernels, KRNL Labs significantly reduces the gas fees associated with oracle usage. This saving results from pulling pricing data into a single node (at the node level) and then passing it to the smart contract, rather than retrieving it at the VM level, which would be more computationally intensive.
Through this partnership, KRNL will offer this on-chain pricing system as reusable kernels, enabling over 280+ pricing oracles from providers such as Chainlink, Pyth, and Redstone.
Reliable on-chain pricing is fundamental to the growth and sustainability of decentralized finance (DeFi). By offering access to these oracle kernels, KRNL helps developers tap into a wide range of pricing data that is accurate and highly dependable, further reducing the complexities of accessing multi-oracle pricing mechanisms.
Whether for borrowing, lending, trading, or yield farming, KRNL Labs’ integration of Euler’s pricing capabilities empowers Web3 developers to leverage a robust and diversified pricing mechanism that enhances the security and reliability of their DeFi applications. It’s a win-win situation for all involved.
Composability, Efficiency, and Developer Empowerment
The collaboration between Euler Finance and KRNL Labs aims to provide developers with the tools they need to create scalable, secure, and interconnected DeFi applications. With KRNL, developers can now enjoy a streamlined interface to access Euler’s extensive oracle data and seamlessly integrate these new kernels into their projects.
The Euler Price Oracle system’s flexibility encourages developers to harness pricing data from multiple sources, ensuring that their applications have access to resilient and trusted pricing feeds. This ensures minimized risk from single points of failure or manipulated data, crucial for building trust within DeFi ecosystems.
What This Means for Developers
For builders, this partnership represents an expanded toolkit and more accessible resources. With KRNL, developers can now:
Seamlessly integrate on-chain pricing kernels to power their decentralized applications.
Leverage over 280+ pricing oracles, bringing together data from trusted providers like Chainlink, Pyth, and Redstone.
Reduce gas fees and improve efficiency by handling data at the node level.
Enjoy the cohesive cross-chain development experience that the KRNL Protocol offers.
Join Us in Celebrating This Partnership
We’re excited to showcase the potential of this partnership and how it will enable builders to create next-generation decentralized applications with robust pricing infrastructure.
Follow us on our social channels to join the conversation and learn how you can be part of this transformative collaboration.
Together, Euler Finance and KRNL Labs are empowering the next wave of Web3 builders!
About Euler Finance
Euler Finance is a modular lending platform on Ethereum that enables users to lend, borrow and build without limits. Euler is at the forefront of DeFi innovation, also providing a highly composable on-chain pricing system built around an interface called IPriceOracle. Euler's price oracle system supports over 280+ pricing feeds from trusted providers, offering secure, resilient, and diversified pricing data to developers for various DeFi use cases.
About KRNL Labs
KRNL Labs is pioneering a cross-chain composability protocol built around "kernels"—modular, reusable building blocks of on-chain and off-chain functions designed to enhance decentralized applications (dApps). Each kernel serves as a specialised toolkit that dApps can leverage to streamline development, improve UX, and drive adoption. By enabling seamless execution across optimised blockchain networks and Web2 services, the KRNL Protocol accelerates scalability, boosts security, and enhances cost efficiency, fostering a truly interoperable multi-chain ecosystem.
We're thrilled to announce a strategic partnership between Euler Finance and KRNL Labs!
This collaboration will unlock new opportunities for developers by providing seamless access to Euler's innovative and modular price oracle system as “kernels”. Kernels are lightweight, reusable modules for any on-chain or off-chain function - the essential building blocks for the future of Web3. Together, we expect to enhance the composability, efficiency, and reliability of decentralized applications through breakthrough on-chain pricing solutions.
Building a New Era of Cross-Chain Development
Euler Finance, with its composable Price Oracle system, brings a powerful new layer of pricing innovation to the Web3 ecosystem. By joining forces with KRNL Labs, we will enable developers to create and utilize pricing kernels powered by Euler’s on-chain oracles. This is neatly aligned with KRNL Labs’ dedication to improving the scalability, security, and composability of Web3 as a whole.
The Euler Price Oracle system is a composable on-chain pricing framework that uses an interface called “IPriceOracle”, which abstracts and queries a diverse range of external pricing oracles, normalizing their responses. By exposing these oracles as kernels, KRNL Labs significantly reduces the gas fees associated with oracle usage. This saving results from pulling pricing data into a single node (at the node level) and then passing it to the smart contract, rather than retrieving it at the VM level, which would be more computationally intensive.
Through this partnership, KRNL will offer this on-chain pricing system as reusable kernels, enabling over 280+ pricing oracles from providers such as Chainlink, Pyth, and Redstone.
Reliable on-chain pricing is fundamental to the growth and sustainability of decentralized finance (DeFi). By offering access to these oracle kernels, KRNL helps developers tap into a wide range of pricing data that is accurate and highly dependable, further reducing the complexities of accessing multi-oracle pricing mechanisms.
Whether for borrowing, lending, trading, or yield farming, KRNL Labs’ integration of Euler’s pricing capabilities empowers Web3 developers to leverage a robust and diversified pricing mechanism that enhances the security and reliability of their DeFi applications. It’s a win-win situation for all involved.
Composability, Efficiency, and Developer Empowerment
The collaboration between Euler Finance and KRNL Labs aims to provide developers with the tools they need to create scalable, secure, and interconnected DeFi applications. With KRNL, developers can now enjoy a streamlined interface to access Euler’s extensive oracle data and seamlessly integrate these new kernels into their projects.
The Euler Price Oracle system’s flexibility encourages developers to harness pricing data from multiple sources, ensuring that their applications have access to resilient and trusted pricing feeds. This ensures minimized risk from single points of failure or manipulated data, crucial for building trust within DeFi ecosystems.
What This Means for Developers
For builders, this partnership represents an expanded toolkit and more accessible resources. With KRNL, developers can now:
Seamlessly integrate on-chain pricing kernels to power their decentralized applications.
Leverage over 280+ pricing oracles, bringing together data from trusted providers like Chainlink, Pyth, and Redstone.
Reduce gas fees and improve efficiency by handling data at the node level.
Enjoy the cohesive cross-chain development experience that the KRNL Protocol offers.
Join Us in Celebrating This Partnership
We’re excited to showcase the potential of this partnership and how it will enable builders to create next-generation decentralized applications with robust pricing infrastructure.
Follow us on our social channels to join the conversation and learn how you can be part of this transformative collaboration.
Together, Euler Finance and KRNL Labs are empowering the next wave of Web3 builders!
About Euler Finance
Euler Finance is a modular lending platform on Ethereum that enables users to lend, borrow and build without limits. Euler is at the forefront of DeFi innovation, also providing a highly composable on-chain pricing system built around an interface called IPriceOracle. Euler's price oracle system supports over 280+ pricing feeds from trusted providers, offering secure, resilient, and diversified pricing data to developers for various DeFi use cases.
About KRNL Labs
KRNL Labs is pioneering a cross-chain composability protocol built around "kernels"—modular, reusable building blocks of on-chain and off-chain functions designed to enhance decentralized applications (dApps). Each kernel serves as a specialised toolkit that dApps can leverage to streamline development, improve UX, and drive adoption. By enabling seamless execution across optimised blockchain networks and Web2 services, the KRNL Protocol accelerates scalability, boosts security, and enhances cost efficiency, fostering a truly interoperable multi-chain ecosystem.