Notional Finance Quarterly Review: Q2 2022

Notional had a challenging Q2, but proved the resiliency of its design in adverse market conditions and made substantial progress on its development initiatives. The protocol continued to lead the fixed-rate lending market, launched its NOTE staking module, and laid the groundwork for its next big product release with the development of levered vaults.

While markets have been highly volatile in Q2 with ETH prices dropping from $3,500 to$1,000, Notional has proven to be resilient and transparent. Unlike CeFi counterparts, Notional users were able to freely redeem at any time and the protocol’s solvency was never in question. The protocol successfully handled all liquidations and allowed crypto users to benefit from the stability and predictability of fixed rates while markets were tumbling.