Euler is positioning itself as a key player in the decentralized finance (DeFi) space as it enters 2026. The company claims its vault technology is among the best, focusing on capital efficiency, risk isolation, and composability. The founder, Jonathan Han, draws from his experience at Bridgewater Associates to emphasize the need for DeFi to merge with traditional finance (TradFi) standards. He believes that for DeFi to achieve global scale, it must offer the programmability and transparency that traditional institutions often lack. In 2025, Euler surpassed $4 billion in total deposits and launched products like EulerSwap and EulerEarn. However, this growth revealed challenges, such as user confusion over risk exposure and responsibility within the protocol. Han highlights the need for clearer communication regarding risk and governance while maintaining DeFi's permissionless nature. He identifies key areas for improvement, such as creating dependable lending markets for institutions, integrating real-world assets, and providing seamless APIs for partners. Looking ahead, Euler aims to build what it calls the "credit layer of the internet." This involves making on-chain credit seamless, reliable, and capital-efficient for all users, from decentralized participants to financial institutions. The company is focused on developing infrastructure that bridges traditional and decentralized finance, inviting collaboration from builders and institutions to shape the future of financial services.