Michael Bentley announces that he is stepping down as day-to-day CEO of Euler Labs after nearly six years, transitioning into an advisory and product-focused role, while Euler pivots more explicitly toward institutional and fintech credit markets and RWAs

Michael Bentley, co‑founder and long‑time CEO of Euler Labs, announced on X that he is stepping down from his day‑to‑day CEO role after almost six years leading the company that built the Euler Finance lending protocol. He will remain involved in an advisory and product-focused capacity, while the organization pivots more explicitly toward institutional and fintech credit markets and real‑world assets (RWAs) as its next stage of growth. The move comes after Euler’s post‑exploit recovery, during which the protocol rebuilt to more than $1 billion in outstanding loans, positioning itself to target larger, more traditional capital allocators. Euler Labs, founded around 2020, developed Euler Finance as a non‑custodial, permissionless lending protocol on Ethereum designed to support a wide range of long‑tail assets through a tiered risk framework. The protocol suffered a major exploit in 2023 but ultimately recovered most of the stolen funds and continued building, which raised its profile as an infrastructure provider for on‑chain credit. The current strategic shift toward institutional and fintech credit and RWAs aligns with a broader DeFi trend in which lending protocols seek to integrate tokenized off‑chain collateral, structured credit products, and regulated counterparties, aiming to tap larger, more stable sources of demand beyond purely crypto‑native markets. Bentley’s transition is framed as a leadership evolution rather than an exit, allowing experienced operators with institutional focus to drive business development while he concentrates on product and high‑level guidance.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Euler's Founding CEO Steps Down - by Ryan Allis - Coinstack (coinstack.substack.com)
• Michael Bentley | Coinpedia User Profile (app.coinpedia.org)
• Episode 405: Michael Bentley, Co-Founder and CEO of Euler - Radio (aroundthecoin.com)
• Euler's Founding CEO Steps Down as Protocol Refocuses on ... (thedefiant.io)
• Michael Bentley (@euler_mab) / Posts / X - Twitter (x.com)

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