Euler

Euler lets anyone create a lending market and choose its parameters, rather than governance deciding which assets are listed. Builders configure collateral, oracles and risk settings and deploy, which is what the protocol means when it says any asset can become collateral.

V2 is the version on Base. Euler is also notable for having been exploited for roughly $200 million in March 2023 and for recovering nearly all of it, which is unusual and worth knowing when you read its history. It now runs on sixteen chains.