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 you are borrowing USDC against ETH, your ETH will be sold in exchange for USDC to repay your debt. This will be done to ensure that all remaining liquidity providers can withdraw their funds.
- If you want to swap your borrow to Notional V2 in a single transaction, you can do so at https://notional.finance/swapBorrow
There will be no time limit for users to withdraw their liquidity or assets, you can go to https://v1.notional.finance to withdraw or repay your debts.
About Notional Finance📈
Notional is the first decentralized, Ethereum-based protocol for borrowing and lending at fixed rates and fixed terms. With variable rate lending, DeFi can only serve a small segment of the crypto lending market because variable interest rates don’t provide the certainty that lenders and borrowers require. Notional fixes this by creating a true market for lenders and borrowers that empowers individual investors, business owners and institutional investors.
After raising a $10 million Series A in May 2021 from some of the top VC firms, including Coinbase Ventures, Notional’s protocol was relaunched on 11/1 with a host of new features as well as the NOTE governance token. Notional is now a top 10 DeFi lending protocol, with more than $900M in TVL.
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