Buy and sell Euler vault shares
at the price you set.
A peer-to-peer marketplace where sellers exit illiquid Euler vault positions and buyers acquire them at a discount. Every trade settles onchain.
For Vault Depositors
This marketplace allows you to sell your vault shares peer-to-peer instead of waiting for recovery. Price discovery happens between sellers and buyers, giving you the option to exit your position now rather than waiting for an uncertain timeline and recovery amount.
What Happened
In November 2025, several Euler vaults had exposure to Stream Finance and Elixir-related assets when Stream Finance became insolvent. The associated assets depegged significantly, leaving these vaults with substantial bad debt.
Current Status
- Normal withdrawals are not possible due to the bad debt exposure
- Recovery amounts are expected to be significantly below par value
- The timeline for any recovery distribution remains uncertain
Exit Now via P2P Trading
This marketplace allows you to sell your vault shares peer-to-peer instead of waiting for recovery. Price discovery happens between sellers and buyers, giving you the option to exit your position now rather than waiting for an uncertain timeline and recovery amount.
Direct, onchain trading
Every trade is peer-to-peer, priced by the market, and settled onchain.
Peer to peer
Direct peer-to-peer trades with no intermediaries.
You set the price
Price discovery happens directly between sellers and buyers.
Settled onchain
Every trade clears onchain and is publicly verifiable.
One market, two opportunities
Exit a stuck position for cash today
Buy vault shares at a discount
Trade in three steps
Explore the market
View allVault shares can be illiquid and may not recover their full value. Understand the risks before you trade.
Read the risks