Unlink is integrating with Euler to bring transaction privacy to institutional lending.

The integration routes capital into Euler vaults through @unlink_xyz’s privacy layer, a smart contract deployed to existing chains supported by Euler.

Institutions will be able to supply, borrow, and manage positions while reducing the public link between their wallet and the vaults they use, the activity they take, and the size of those positions.

Onchain lending is public by default

Putting capital onchain can expose more than a transaction. It can reveal which vaults a desk supplies into, how much capital sits in each, and how those allocations change over time.

Given an address, an outside observer can infer strategy from public transaction history. Position sizes can signal conviction. Reallocations can show how a desk is changing its view. For institutions managing meaningful size, that visibility can be a reason not to participate.

Unlink reduces that exposure by routing activity through a privacy layer.

Organizations can hold accounts, move tokens, and interact with smart contracts while keeping balances and transaction history out of the normal public transaction path.

With Euler, that model is being applied to onchain lending for the first time.

What this will enable

Institutions will be able to supply to and borrow from Euler vaults without making vault selection public.

Position sizes and rebalancing activity can pass through Unlink’s privacy layer instead of being exposed through the normal public transaction path. The integration uses Unlink’s existing contract-interaction flow, with no new chain and no bridge.

Builders will be able to offer private access to Euler vaults through the Unlink SDK, in either non-custodial or custodial form.

Why Euler

Euler’s vault architecture is becoming a natural fit for institutional lending infrastructure because it lets teams create isolated markets with explicit parameters for collateral, pricing, interest rates, and liquidation. Unlink can add privacy around user activity without changing how the market works underneath.

The vault remains a standard Euler vault, with its own rules and risk parameters. Only the visibility of the interaction changes.

The same architecture gives institutions configurable lending markets, isolated vaults, and a privacy layer around market activity.

A model for private onchain credit

The same structure can extend across markets built on Euler vaults. Each vault is an isolated contract with a standard interface, so privacy layers, treasury systems, and institutional front ends can connect to Euler markets without rebuilding the integration for each vault.

Euler provides the lending venue, with vault-level parameters for collateral, pricing, interest rates, and liquidation. Unlink provides the privacy layer, so builders can offer shielded access to onchain credit markets without creating a separate lending stack.

Where institutional lending goes next

Onchain lending gives institutions markets where settlement, collateral rules, oracle choices, interest rates, and liquidation logic can be inspected directly. Market infrastructure can be public and verifiable. Account activity does not need to reveal every allocation decision.

Institutional credit needs that separation. Firms should be able to evaluate the rules of a market without publishing their own strategy every time they allocate, rebalance, borrow, or withdraw.

Euler provides configurable lending markets with clear vault-level rules. Unlink adds transaction privacy around how institutional capital moves into those markets.

Together, they make onchain lending more usable for institutions that need programmable credit markets without making every position part of the public strategy graph.

This article is informational only and is not financial, legal, tax, or investment advice. Euler provides lending infrastructure. Euler does not manage, sponsor, advise, or distribute the underlying assets or funds. Eligibility to access or transfer tokenized assets may be restricted, and DeFi markets involve risks including smart contract, oracle, liquidation, liquidity, collateral asset, stablecoin, regulatory, and total loss risk.