Summary
TLDR: A new DeFi system allows users to create customized lending vaults using building blocks like EVK and EVC, enabling them to chain together and use vaults as collateral in a permissionless manner.
Key Points
1. The new DeFi system follows the Lego-like power principle, allowing users to combine building blocks like Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC) to create customized lending vaults in a permissionless manner.
2. EVK empowers builders to deploy and chain together their own lending vaults, while EVC allows these vaults to be used as collateral for other vaults within the system.
3. This system offers users flexibility and creativity in designing their own DeFi solutions, opening up new possibilities for decentralized finance applications.