Teddy Woodward

Teddy Woodward

Co-Founder and CEO

Weekly Interest Rate Roundup: Nov 22 - Nov 29

Weekly Interest Rate Roundup: Nov 22 - Nov 29

I have two things to talk about this week - the CeFi lending apocalypse and surging ETH rates on Notional. We'll start with CeFi. The death of the CeFi lender A few weeks ago around the time of the FTX revelations I said in this newsletter that there was a

Teddy Woodward
Teddy Woodward
Leveraged Vaults are Live in Beta

Leveraged Vaults are Live in Beta

We are excited to announce that leveraged vaults are now live in public beta! Deposit your ETH and create your first leveraged vault position here.Find user tutorials here.Leveraged vaults are a huge step forward for Notional and for all of DeFi lending. Leveraged vaults increase capital efficiency and

Teddy Woodward
Teddy Woodward
Weekly Interest Rate Roundup: Nov 8 - Nov 15

Weekly Interest Rate Roundup: Nov 8 - Nov 15

It's been a rough week in crypto. Every time you thought the SBF/Alameda scandal was over, he found another way to shock and infuriate. But I already spent last week's newsletter talking about that, so this week let's focus on DeFi rates instead. The most immediate impact of the

Teddy Woodward
Teddy Woodward
Interest Rate Report
Weekly Interest Rate Roundup: Nov 1 - Nov 8

Weekly Interest Rate Roundup: Nov 1 - Nov 8

This is the craziest day I've ever seen in crypto. I still can't get my head around what happened. In less than a week, deca-billionaire SBF went from crypto's warrior king and DC golden boy to... God knows what he is now. Criminal? Pauper? One thing's for sure, he ain't

Teddy Woodward
Teddy Woodward
Interest Rate Report
Weekly Interest Rate Roundup: Oct 25 - Nov 1

Weekly Interest Rate Roundup: Oct 25 - Nov 1

ETH rates stayed pretty stable across DeFi. The Lido stETH rate is still sitting steady at ~5.5%. Interestingly, this now puts the ETH/stETH Curve/Convex stake rate solidly below the native stETH rate at only ~5%. That Convex pool hasn't seen a marked increase in TVL, more likely

Teddy Woodward
Teddy Woodward
Interest Rate Report
Weekly Interest Rate Roundup: Oct 18 - Oct 25

Weekly Interest Rate Roundup: Oct 18 - Oct 25

The story of the past week has been regulation. SBF made waves with two particularly controversial assertions: 1. OFAC compliance should be enforced at the application layer through the use of blacklists. 2. Any UI that allows users to access DeFi should be made to register as a broker/dealer.

Teddy Woodward
Teddy Woodward
Interest Rate Report
Weekly Interest Rate Roundup: Oct 11 - Oct 18

Weekly Interest Rate Roundup: Oct 11 - Oct 18

We’re making some changes this week! Going forward I’m going to drop DAI interest rates and include ETH interest rates instead. Additionally, I’m dropping a few of the rate venues that we used to track due to low liquidity and adding rates on Optimism and Arbitrum via

Teddy Woodward
Teddy Woodward
Interest Rate Report
Weekly Interest Rate Roundup: Oct 4 - Oct 11

Weekly Interest Rate Roundup: Oct 4 - Oct 11

COMP recursive lending rate = all-in supply + 3 * (all-in supply - all-in borrow)It's Devcon! A time for crypto bros and girls of all nationalities to get together and commiserate over the pain of the current bear market. Sorry, "build" market. But just because it's a bear market doesn't mean things

Teddy Woodward
Teddy Woodward
Interest Rate Report