Is Euler (EUL) halal or haram?
Not screened yet
We have not run our Shariah screening on Euler yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
The ability to lend and borrow assets efficiently is a crucial feature of any financial system.
The basics
- Where it lives
- token on ethereum (also on arbitrum-one, base, binance-smart-chain, unichain, plasma, sonic, berachain, swellchain, tac, avalanche, bob-network)
- Circulating supply
- 24,027,225 EUL
- Maximum supply
- 27,182,818 EUL
- Category
- BNB Chain Ecosystem, Lending/Borrowing Protocols, Avalanche Ecosystem
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, Euler runs 2 product lines: Euler V2 (Lending, $1.2M in fees over 30 days); Euler V1 (Lending).
Per DefiLlama on 2026-09-23, no revenue reached Euler token holders in the last 30 days.
Figures from DefiLlama. Whether any of this income is permissible is part of our screening.
Who controls the coins
Read from the token's verified contract on Ethereum (0xd9fcd98c322942075a5c3860693e9f4f03aae07b) on 2026-09-23: it has mint (capped, held by an account we could not identify); what these allow is checked at screening. The same coin is deployed on other chains: on Arbitrum (0x462cd9e0247b2e63831c3189ae738e5e9a5a4b64), mint lets a 4-of-8 multisig wallet (0xe557…66ee), as admin of MINTER_ROLE and so able to appoint itself, create new tokens, with no cap in the code; on Base (0xa153ad732f831a79b5575fa02e793ec4e99181b0), mint lets a 4-of-8 multisig wallet (0x1e13…cfb8), as admin of MINTER_ROLE and so able to appoint itself, create new tokens, with no cap in the code; on BNB Chain (0x2117e8b79e8e176a670c9fcf945d4348556bffad), mint lets a 4-of-8 multisig wallet (0xa5a4…313a), as admin of MINTER_ROLE and so able to appoint itself, create new tokens, with no cap in the code; on Unichain (0xe9c43e09c5fa733bcc2aeaa96063a4a60147aa09), mint lets a 4-of-8 multisig wallet (0xf6d7…f06f), as admin of MINTER_ROLE and so able to appoint itself, create new tokens, with no cap in the code. Whether those are the project's own copies or an unrelated bridge's is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.