Blockchain
What is a DApp (Decentralized Application)?
You might hear of decentralized applications, or DApp used to create social media, finance, gaming, or web browsing apps. They
4 July 2022
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Verified
Information:
Blockchain: Ethereum
Ticker: NOTE
Type: Token
Company: Notional Finance
Asset or Contract address:Market Cap:
Fully Diluted Valuation:
Supply:
Circ.: 15 376 848
Total: 100 000 000
Max: 100 000 000
Explorers:
“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.
Right now, users can borrow or lend USDC & DAI for up to one year, and ETH & 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 through the use of nTokens, ERC20 tokens that 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 11/1 with a host of new features as well as the NOTE governance token.
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