Euler Finance, a decentralized finance lending platform, has introduced a new hybrid token called Maxi. Maxi is a stablecoin that offers greater capital efficiency and risk mitigation through a blend of assets and cross-collateralization. The assets backing Maxi include tokenized treasury bills, yield-bearing tokens, synthetic dollars, and fiat-backed stablecoins. Euler is launching an incentivization program that allows users to collateralize certain assets and earn rewards. Several institutional asset managers and research providers will actively manage Maxi's vaults to ensure efficiency and safety. Euler Finance previously experienced a flash loan attack in March 2023 but recovered most of the stolen funds.



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