Lending, vaults & borrowing · EUR stablecoins

Markets are matched to canonical euro-stablecoin deployments by exact token address and chain. Each market is read from its own protocol by one of two direct methods: on-chain via public RPC (Aave V3, Aave V4, BENQI, Euler, Fluid, Moola, Folks) or the protocol’sdocumented first-party API (Morpho GraphQL, Kamino, Jupiter Lend). Euler is discovered from its own free subgraph and read on-chain (EVault economics + UtilsLens APYs). DefiLlama’s documented free yields endpoint — an aggregator — is used only to discover euro Earn and Vault reserves on lending protocols not read directly, classified by DefiLlama’s own protocol category, and never for borrow data. Every euro single-exposure candidate is classified and stored — a direct-lending reserve as Earn, a yield/strategy wrapper as a Vault, a below-threshold market as low-liquidity — while a candidate whose protocol is genuinely non-lending (for example RWA, CDP, or staking) is recorded in a coverage diagnostic with that reason rather than shown as a lending market. Isolated markets (Morpho, Jupiter borrow) carry a native collateral + LLTV; pooled-collateral markets (Aave, BENQI, Euler, Moola, Kamino, Folks) are labelled cross-collateral — no single LTV is shown as a collateral limit. APY is in percentage points; a Morpho Vault V2 figure is a realised average excluding rewards, while an aggregator-listed vault shows its current supply APY (labelled per row); borrow APY is a cost. Markets below the default economic thresholds (supply/TVL $100k; borrow also needs borrowable liquidity ≥ $10k) are hidden unless “Show low-liquidity” is enabled. These are visibility thresholds, not endorsements.