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
Notional Finance Quarterly Report: Q2 2023
The second quarter proved relatively slow for Notional V2 as the team focused its efforts on the upcoming release of Notional V3. Although Notional V2 KPIs have been on the decline over the recent quarters, we believe that the release of Notional V3 on Mainnet and Arbitrum will be an
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
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.
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.
Developers: Migration Guide for Notional V3
Notional V3 is planned to be an in place upgrade to the current Notional V2 proxy contract. For most users and most integrating smart contracts, no action is required. However, there are a few things to be aware of which are outlined below. If you have any questions, please reach
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
Notional Finance Quarterly Report: Q1 2023
Q1 has been a challenging quarter for crypto, with USDC de-pegging in early March and multiple protocols directly or indirectly suffering from smart contract hacks. Notional managed to navigate this environment unscathed and continues to lead the space as the top DeFi fixed rate protocol. You can download the full
