Notional V3 is Live on Mainnet

Teddy Woodward
Teddy Woodward

We are excited to announce that Notional V3 is live on Mainnet!

Use Notional V3 on Mainnet:

Notional V3 enables three things: fixed rate lending and borrowing, variable rate lending and borrowing, and leveraged yield strategies. Here’s how you can use Notional V3 on Mainnet today:

  • Deposit USDC, USDT, ETH, and rETH to earn yield + NOTE incentives and use as collateral.
  • Deposit DAI, FRAX, wstETH, cbETH, wBTC, and sDAI to earn lending yield and use as collateral.
  • Borrow supported assets at fixed or variable rates.
  • Earn leveraged yield on USDC, USDT, ETH, and rETH.

What’s new in Notional V3

Notional V3 introduces lots of new functionality and improvements over Notional V2. Here are some of the new things that V3 enables:

  • Variable rate lending and borrowing. Notional users will now be able to lend and borrow at variable rates in addition to fixed rates. This will help broaden Notional’s utility and help to increase yields for all Notional users.
  • New leveraged yield strategies. Notional users now have access to leveraged liquidity strategies. Leveraged liquidity allows users to lever up on providing liquidity to maximize $NOTE rewards.
  • Borrowing UX improvement. Notional V3 means no more hard settlement of debts. On Notional V3, fixed rate debts automatically convert to variable rate debts upon maturity with no penalty instead of being rolled forward at a penalty interest rate.
  • Brand new UI. The new Notional UI was designed specifically for DeFi power users. This UI gives greater transparency around Notional’s products and makes using Notional much easier and more understandable.

Looking ahead

There’s a lot more coming to Notional V3 on Mainnet in the next few weeks and months. Notional will be partnering with some of the top DeFi protocols to bring exciting new leveraged yield strategies to Notional users on stablecoins, ETH, and LSDs. Here are some highlights of what’s to come:

  • $GHO leveraged vault and partnership with Aave.
    • Notional will list a leveraged vault that enables users to deposit USDC and get leveraged exposure to the yield on the GHO/USDC/USDT Balancer/Aura pool.
    • Aave will add additional incentives to users of this leveraged vault that will ensure high yields!
    • Together, this will help Notional users earn high yields while contributing to demand and liquidity for $GHO.
  • Leveraged re-staking points vaults.
    • Notional will list leveraged vaults that enable users to deposit ETH or rETH and get leveraged exposure to LRT points and Eigenalyer points.
    • These leveraged vaults will help users amass points while also helping LRT issuers attract demand and liquidity for their tokens.
  • $crvUSD leveraged vaults.
    • Users will be able to earn leveraged yield on USDC and USDT from crvUSD liquidity pools on Curve/Convex.
    • These vaults will help drive demand and liquidity for crvUSD.

All of these vaults should come online in the first few weeks following the launch of Notional V3 on Mainnet, but we aren’t stopping there! We have a lot more in the pipeline including new asset listings and new kinds of leveraged vaults.

If you want to keep on top of everything happening at Notional, be sure to follow us on twitter and jump in the Notional discord.

See you there anon.

The Notional Team

Teddy Woodward

Co-Founder and CEO