Euler is a non-custodial permissionless lending protocol on Ethereum that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party. To encourage developers to build on top of Euler protocol and help integrate it into the wider DeFi ecosystem, a portion of the Euler Treasury will be allocated to a Grants programme. The purpose of the grants is to foster the growth of Euler protocol by establishing a culture of community-driven development, where individuals making improvements to the Euler Protocol get a say in its future.