# Euler V2

By [check](https://paragraph.com/@check-2) · 2024-12-02

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Euler Vault Kit (EVK)
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*   empowers builders to deploy and chain together their own customized lending vaults
    
*   permissionless, agnostic
    

Ethereum Vault Connector (EVC)
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*   helps developers build lending protocols
    
*   powerful, immutable, primitive which give vaults superpowers by allowing their use as collateral for other vaults
    

Why use Euler Vault Kit?
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*   **_Core (global paternalism)_** resembles monolithic
    
    *   governed lending products designed to provide risk managed, capital efficient lending and borrowing
        
*   **_Edge (free-market + local paternalism)_**
    
    *   designed to give users the freedom to create their own lending markets
        
*   **_Escrow_**\==
    
    *   enabling any type of ERC20 token to be made available for use as collateral by other vaults
        
*   Custom
    
*   Synthetics
    

Why build on the EVC?
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*   **Unified interoperability layer**
    
*   **Underlying asset flexibility**: RWAs, NFTs, IOUs, Synthetics
    
*   **Generalized flash loans and batching**: defer account and vault status checks until end
    
*   **Advanced position management**: allow external contracts to act on behalf of your account. Position managers, conditional orders, custom liquidation flows, intent-based systems

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*Originally published on [check](https://paragraph.com/@check-2/euler-v2)*