nToken Redemption Bug Post Mortem
On Sept 2, 2022 8:09 PM, we received a critical bug report via Immunefi regarding a potential flash loan attack vector against Notional. Within two hours of the report we had identified the issue and disabled the affected feature. We believe that approximately $5000 total of DAI and USDC
Introducing Wrapped fCash
I’m excited to announce that Notional fCash is now available as both an ERC20 and ERC4626 token. This is a huge step towards making fixed income products a composable building block throughout DeFi, further strengthening Notional’s position as DeFi’s gold standard in fixed rate lending and borrowing.
Fixed: Incentive Issuance Affecting Early V2 LPs
We’ve upgraded the calculation which erroneously diluted nToken holders and have launched an airdrop portal for those affected to claim their owed NOTE.
Announcing Notional V2.1 Release
I’m excited to announce the release candidate for Notional V2.1. This release adds the ability for Notional to list aTokens in Aave v3 for fixed rate lending and borrowing, a treasury management module for NOTE staking and a number of fixes and improvements to nTokens and our incentive
Improved Risk Metrics for Borrowers
Our goal with Notional Finance is to build the most capital efficient lending and borrowing platform, period. Capital efficiency, however, often comes hand in hand with more sophisticated collateral calculations. The latest update to the Notional UI includes a batch of updates to help borrowers better understand their liquidation risk.
Critical Bug Payout Report
Notional received a critical bug report from a whitehat hacker last night. The Notional team disabled the affected code in under an hour after it was reported. No user funds have been lost, and none are at risk. No user-facing functionality is affected. Users can continue to use Notional to
Notional V1 Deprecation Notice
With the launch of Notional V2 in November, we will deprecate support for Notional V1 by January 31st, 2022. We will turn off liquidation bots for Notional V1 on January 31st, 2022.Any accounts with unpaid debts will be settled by having their collateral purchased on January 31st, 2022. If
Open Sourcing the Notional V2 Smart Contracts
We’re excited to announce that today we're open sourcing the Notional V2 smart contracts under the GPL-v3 open source license. Our mission with Notional V2 is to create a fully decentralized fixed rate lending and borrowing platform that maximizes capital efficiency – no easy feat. When we set out to
