Teddy Woodward

Teddy Woodward

Co-Founder and CEO

Why We're Choosing Arbitrum

Why We're Choosing Arbitrum

With the launch of Notional V3, the Notional protocol will make a long-awaited debut on Layer 2. Launching on L2 has the potential to broaden the scope of who can use Notional, expand Notional’s leveraged strategy offering, and catalyze the protocol’s growth. In an ideal world where the

Teddy Woodward
Teddy Woodward
Forecasting rETH Yields

Forecasting rETH Yields

The ETH staking rate is the most important interest rate in crypto. It is the baseline for ETH returns that all other investments and yield opportunities are judged against. Given this importance, it’s helpful to understand what drives this yield and forecast what ETH staking rates might be in

Teddy Woodward
Teddy Woodward
LP Token Valuation Risks

LP Token Valuation Risks

Today, the vast majority of collateral held in DeFi lending protocols is in the form of vanilla tokens like ETH, stETH, wBTC and UNI. There aren’t many protocols that lend against LP tokens in addition to simpler collateral types. As a result, the risk management challenges of taking LP

Teddy Woodward
Teddy Woodward
Fixed vs. Variable Rate Leverage - Which is Better?

Fixed vs. Variable Rate Leverage - Which is Better?

Leveraged yield strategies are relatively new products in DeFi that allow users to potentially earn higher yields by taking on leverage that have proven to be popular with DeFi power users. Notional’s leveraged vaults, leveraged staking strategies on Aave, and money markets like Gearbox and Sentiment that are specifically

Teddy Woodward
Teddy Woodward
DeFi Has a Yield Problem

DeFi Has a Yield Problem

DeFi has a yield problem. DeFi lending protocols can’t offer sustainable yields that are high enough to attract external capital and grow the space beyond its current niche. That’s because today’s major lending protocols provide limited utility for borrowers which results in low interest rates for lenders.

Teddy Woodward
Teddy Woodward
Notional V3 Leveraged Strategies

Notional V3 Leveraged Strategies

Notional V3 is the fixed rate lending protocol for power users. To better serve these users we are doubling down on leveraged yield strategies. We aim to be the best place for power users to maximize their yields with leverage by focusing on three things: * High leverage and high returns.

Teddy Woodward
Teddy Woodward
Vulnerability report - March 2023

Vulnerability report - March 2023

On Monday March 21st, 2023, The Notional Team was alerted to a vulnerability in Notional V2 that would allow a well-capitalized hacker to drain protocol funds. We patched the vulnerability immediately, and all funds are safe. The whitehat will receive 250k USDC + 250k NOTE as a bounty. Patching this vulnerability

Teddy Woodward
Teddy Woodward
Introducing Notional V3

Introducing Notional V3

We are extremely excited to announce the details of the next step forward in DeFi lending - Notional V3. Notional V3 is the most powerful lending protocol that DeFi has ever seen. Notional V3 introduces the prime money market - Notional’s new, native variable-rate lending and borrowing market that

Teddy Woodward
Teddy Woodward