# 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.

***

## 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)


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://help.defisaver.com/protocols/euler-v2/evk-euler-vault-kit.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.