Foresight News reports that yield-generating stablecoin Noon has partnered with DeFi lending protocol Euler Finance to launch the Noon Market on Euler, governed by Tulipa Capital.
The initial market includes three vaults: USN, USDT, and USDC, enabling users to borrow and execute yield strategies using the USN stablecoin. Users can borrow USN by collateralizing other Euler market assets or directly collateralize USN to borrow USDC.
Some vaults will offer rEUL rewards, which fully unlock after 6 months of claiming, or users can exit early to receive a partial reward.