Notional Finance (NOTE)

Notional is the leading fixed-rate, fixed-term borrowing and lending protocol on Ethereum.

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 democratizes and empowers individual investors, business owners, and institutional investors.

Users can borrow or lend USDC and DAI for up to one year and ETH and WBTC for up to six months from Notional’s on-chain liquidity pools. With Notional’s V2 upgrade, liquidity providers enjoy a low-touch experience and no longer need to roll their debts to new maturities, as it is done automatically using nTokens. These ERC-20 tokens represent a user’s share of the liquidity pool.

After raising a $10 million Series A in May 2021 from some of the top VC firms, including Coinbase Ventures, Notional’s protocol relaunched on November 1 with a host of new features and the NOTE governance token.