# EVK (Euler Vault Kit)

Euler Vault Kit (EVK) vaults are special tools for lending and borrowing crypto assets on the Ethereum blockchain. 

They’re built on a standard called ERC-4626, which makes them easy to use for earning money passively or borrowing funds. 

So, what Can You Do with EVK Vaults?<br>

* You can deposit your crypto (like stablecoins or tokens) into an EVK vault. The vault lends it to borrowers, and you earn interest without doing extra work.<br>
* If you deposit assets into one EVK vault, you can use them as collateral to borrow from another vault. It’s like using your savings to get a loan.<br>
* EVK vaults let you lend your assets to earn yield and use them as collateral to borrow other assets. This maximizes how much you can do with your money.<br>

EVK vaults can be set up in two ways:<br>

* Governed Vaults - A manager (called a risk curator) adjusts the vault’s settings to keep risks low. This is great for people who want someone else to handle things.<br>
* Ungoverned Vaults - These vaults are locked and can’t be changed. They’re for users who want to manage their own risks without relying on a manager.

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## Related Articles:

* [Euler v2](https://help.defisaver.com/protocols/euler-v2)
* [EVC (Ethereum Vault Connector)](https://help.defisaver.com/protocols/euler-v2/evc-ethereum-vault-connector)