Notional Finance is a groundbreaking decentralized protocol based on Ethereum that caters to both lending and borrowing at fixed terms and rates. As the first of its kind, Notional revolutionizes the DeFi (Decentralized Finance) landscape by addressing the limitation of variable interest rates, which only catered to a small portion of the crypto lending market. Notional provides certainty for lenders and borrowers, thereby democratizing the crypto market for individual investors, businesses, and institutional investors alike.
Notional’s Noteworthy Features
Notional's system allows users to borrow or lend USDC & DAI for a maximum duration of one year, and ETH & WBTC for up to six months, using its on-chain liquidity pools. The convenience for liquidity providers has been significantly enhanced through the V2 upgrade from Notional. It now allows for an effortless experience where the need for rolling debts to new maturities is obviated. This automatic debt rolling is facilitated through nTokens, ERC20 tokens that symbolize a user's share of the liquidity pool.
Funding and Development
In May 2021, Notional Finance successfully raised a $10 million Series A round, with participation from leading VC firms including Coinbase Ventures. Notional's protocol was re-launched on November 1 with the introduction of new features and the NOTE governance token.
Notional’s Future Outlook
Notional continues to play a crucial role in the democratization of the crypto market. Its ability to offer fixed terms and rates is expected to continue to attract a wider range of investors and borrowers, thereby increasing its market share in the DeFi lending space. This innovative approach, backed by strong funding, is expected to solidify Notional's pioneering status in the crypto space.
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