# EVC (Ethereum Vault Connector)

The Ethereum Vault Connector (EVC) is a free, open-source tool from Euler Labs that makes it easier to build and connect lending markets in DeFi. 

Essentially, it's a foundation for creating custom crypto lending and borrowing products by helping crypto lending vaults talk to each other and work together. 

It lets developers build new DeFi products, like lending apps or stablecoins, without starting from scratch. It’s ungoverned, has no fees, and is designed to be a public tool for everyone.

Some of the possibilities with EVC:

* Vaults can use each other’s deposits as collateral, so users don’t need to move their assets around to borrow or lend.
* Markets can be created with any token, such as standard tokens, NFTs, real world assets, or even uncollateralized loans.
* Set up smart features like automatic trades, custom liquidations, or position managers.
* Combine multiple actions (like lending and borrowing) into one transaction to save time and gas fees.

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## Related Articles:

* [Euler v2](https://help.defisaver.com/protocols/euler-v2)
* [EKV (Euler Vault Kit)](https://help.defisaver.com/protocols/euler-v2/evk-euler-vault-kit)