Notional Exponent: Beta Launch

Teddy Woodward -

We’re excited to announce the next step in Notional’s journey - the Notional Exponent Beta!

The Notional Exponent Beta is a 6-week program that will give core Notional community members the opportunity to try Notional Exponent before it’s fully public. 

Beta users will be able to enter new leveraged yield strategies, provide feedback on UX, and earn extra $NOTE rewards!

Who can join the Beta?

The Beta will be open to all previous users of Notional V2 or Notional V3. If you’ve interacted with Notional in the past, you can participate.

Haven’t used Notional before? Better luck next time anon.

When does it start?

We’re currently targeting a late October start date. Once the Beta begins, the program will last 6 weeks. We’ll confirm exact dates soon - stay tuned and get ready!

Incentives: Earn $NOTE

We’re giving away 100,000 $NOTE to Notional Exponent Beta users. That’s on top of the juicy leveraged yields you’ll earn just by using the product!

$NOTE will be distributed through a points campaign. The more you use Notional Exponent during the Beta, the more points you’ll rack up and the more $NOTE you’ll take home when it’s over.

Vaults available at Beta launch

We’re starting with four vaults that showcase the range of strategies Exponent enables. Two vaults will take $ETH deposits, and two vaults will take $USDC deposits.

$ETH vaults:

  • weETH staking
  • OETH/WETH Curve/Convex LP

$USDC vaults:

  • sUSDe staking
  • sUSDe 26 Nov 2025 PTs

These vaults cover both straightforward staking plays and more advanced yield strategies - and they all earn good yield!

Participation caps

During the Beta, lending liquidity will be thin. External Morpho curators won’t be able to allocate to our markets until the protocol has fully launched publicly.

To help make sure as many people as possible have a chance to participate despite low overall liquidity, we’re capping points eligibility at $50k of vault shares per user per position.

That means:

  • A $10k deposit at 5x leverage will earn the same number of points as a $50k deposit at 5x leverage.
  • This will help prevent a handful of whales from soaking up all the rewards.

What comes next

We believe that Notional Exponent will be the future of earning leveraged yield in DeFi. This Beta program is a critical step on that path.

We can’t wait to get the product into your hands, hear your feedback, and refine it before the full launch.

Stay tuned for more details on timing, how to join, and how to start earning points. 

Get ready anon, The Notional Exponent Beta will be here sooner than you think!