Deep Dive

A technical deep dive into the Notional Finance V2 smart contracts. Explains how the smart contracts work and the reasoning behind various design decision.

Notional Partner Spotlight: Balancer + Aura

Notional Partner Spotlight: Balancer + Aura

Notional is focused on building highly efficient, secure, and scalable fixed rate tools for decentralized financial markets. Deep liquidity and asset flexibility is a crucial part of our long-term vision. Balancer [https://balancer.fi/] is a leading AMM provider with unique trading tools, governance characteristics, and other features that support

Teddy Woodward
Teddy Woodward
Deep Dive
Notional Integrations Update

Notional Integrations Update

Notional is popping up throughout the DeFi ecosystem as more and more protocols build on our fixed rate infrastructure.

Teddy Woodward
Teddy Woodward
Deep Dive
Notional's Performance During Extreme Volatility

Notional's Performance During Extreme Volatility

In this post we’ll examine what risks Defi Lending Protocols Face, how Notional manages them, and how Notional’s risk mitigation measures performed in the recent market volatility.

Pierre-Yves Gendron
Pierre-Yves Gendron
Deep Dive
How to Estimate Impermanent Loss for LPs (Part 2 of 4)

How to Estimate Impermanent Loss for LPs (Part 2 of 4)

In this post, we present a simple framework for a conservative assessment of IL. We then apply it to current market data and show that IL is very limited for nUSDC and nDAI.

DeFi Scientist
Deep Dive
How do Notional's nTokens Earn Returns? (Part 1 of 4)

How do Notional's nTokens Earn Returns? (Part 1 of 4)

nTokens are an innovative mechanism for providing liquidity on Notional. Although they can appear quite complex at first glance, nTokens offer an overlooked source of profits with limited risk.

Teddy Woodward
Teddy Woodward
Deep Dive
Angle Protocol: a Framework for Fixed Rate Lending

Angle Protocol: a Framework for Fixed Rate Lending

Introduction Angle Protocol is considering investing some of its reserves (USDC, DAI) into Notional fixed rate lending to take advantage of the higher interest rates that Notional offers relative to money markets like Compound or Aave. To utilize Notional effectively, Angle should plan to hold its loans to maturity in

Teddy Woodward
Teddy Woodward
Deep Dive
How to Add 4% to Your Compound Recursive Lending Return

How to Add 4% to Your Compound Recursive Lending Return

Recursive lending is a very popular strategy in DeFi. It involves lending and borrowing on Compound / AAVE in order to harvest the maximum reward possible. This strategy was very profitable at the beginning of 2021. However, returns have dropped considerably as more money flew into the strategy and the value

DeFi Scientist
Deep Dive
Notional V2 Technical Deep Dive Part 1: fCash Markets

Notional V2 Technical Deep Dive Part 1: fCash Markets

In this series of posts, I will walk you through the Notional V2 smart contracts. The goal of these posts is to help technically minded users and developers better understand a large and complex codebase (~12,000+ lines of Solidity!). It’s expected that the reader has some familiarity with

Jeff Wu
Jeff Wu
Technical