We break the model
before the market does

A report that sets out each finding with its evidence and the point where the model breaks, presented to the board or committee that will rely on it.

Because building a model and reviewing it are two different jobs, and AI has sped up the first far more than the second. We review your models from outside your reporting line, with the tests a committee, an allocator or a supervisor will apply, and we answer for our conclusions.

Whether your design holds when the market turns: token economics, reserves and redemptions, collateral and liquidations, liquidity, and the models behind them. A code audit checks that the code does what it says; we check that what it says survives a stress. If you also need a code audit, we bring in a security partner, named to you first.

We act for one side of any transaction: if we work for an issuer on a raise, we don't review that deal for an allocator. And we never review a structure we designed. Nobody on our side has a stake in the answer your committee, allocator or supervisor reads.

A full-time head of risk takes months to hire and is hard to justify before a raise, a launch, a licence or a first institutional allocation. A fractional seat gives you senior quantitative judgement on the work you choose, from the first engagement, and a senior quant your board and allocators can question. When you're ready to hire, we can support your recruitment with the technical questions to put to quant candidates, and hand over.

Whatever you have: design documents, the model or spreadsheet behind the numbers, unlock schedules, reserve composition, market and on-chain data. If documentation is missing, we start anyway and report the gap as a finding.

You hear it first, in writing, with the evidence and the point where it breaks, while there is still time to fix it. On issuer engagements the report is yours: nothing is published without your consent.

Yes: independent expert analysis for counsel, litigation funders, investors and public authorities, when a case turns on how a model, a liquidation or a token structure behaved. We take a case after a conflict check.

No. We show how a structure behaves under stress and where it breaks, so your committee decides with the numbers in front of it. The decision to invest, hold or list stays yours. We are not a broker, placement agent or crypto-asset service provider.

No. We are named after the mathematician Leonhard Euler and have no corporate, financial or operational link with Euler Finance.