From 43d100cc702a71d7f6cf58f506706be6e42d3e20 Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
 <1130416+mvonsteinkirch@users.noreply.github.com>
Date: Fri, 17 Feb 2023 13:39:39 -0800
Subject: [PATCH] Create euler.md

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+## euler
+
+<br>
+
+### tl; dr
+
+<br>
+
+* protocols with larger amounts of bad debt usually suffer oracle attacks (e.g. mango markets). euler tries to improve existing liquidation mechanism to prevent bad debt.
+* euler presents optimizations on liquidations through debt tokens (dTokens) and suply tokens (eTokens), and offering sliding and muliplying discounts to liquidators (dutch auction)
+* it calculates health scores using risk-adjusted metrics for collateralized assets, by adjusting them against their market value to a more conservative risk-adjusted one.
+* once a user healthy's score has flagged for liquidation, anyone can transfer dTokens and eTokens to their own account, buying both their collateral and debit.
+* **soft liquidation**: only enough collateral and debt are transferred under liquidation to return to a healthy score. 
+* mev resistance comes from the multipliers euler offers to liquidators with deposits in their account.
+
+<br>
+
+----
+
+### resources
+
+<br>
+
+* [inovative liquidation, by euler](https://www.euler.finance/blog/eulers-innovative-liquidation-engine)