Ethereum-based DeFi protocol Euler has launched EulerSwap, a new decentralized exchange (DEX) that combines automated market making with lending infrastructure. The platform has undergone extensive security testing, including five audits since January, and continues to implement bug fixes. EulerSwap supports the Uniswap v4 architecture, enabling liquidity providers to earn loan income, collateralize positions, and deploy advanced strategies like dynamic hedging, all within a single system aimed at enhancing capital efficiency.