Notional
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Notional

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Notional Finance is a DeFi app that promises super competitive, fixed-rate, interest rates + borrowing rates. No surprises.

Quality Check:

βœ… Audited

βœ… Active community

βœ… Active team

βœ… Decentralized, DAO.

Community Links:

πŸ‘‰ NOTE website.

πŸ‘‰ NOTE twitter.

πŸ‘‰ NOTE token.

πŸ‘‰ NOTE Docs

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Why Lend My Crypto? πŸ€”

  • Earn passive interest on autopilot.
  • Make your crypto holdings earn you money, instead of collecting dust.
  • Use your deposits as collateral to borrow against them, permissionless-ly.

Why Borrow Crypto? πŸ€”

  • Use your crypto holdings to leverage more buying power.
  • Your collateral earns interest while you borrow other crypto!
  • Lock-in fixed-APR rates!

How Does It Work?

3 Types of Users:

  • Lenders = Deposit $ β€”> receive promised fixed-rate interest
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  • Borrowers = Deposit crypto as collateral β€”> borrow $ from the pool
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  • Liquidity Providers = Deposit capital into the pool, making it possible for more capital to be borrowed. Providers get a cut of the protocol fees as a reward.

What’s the $NOTE coin?

  • Governance = voting power in the Notional protocol, holders vote on upgrades, changes, decisions etc...

$NOTE holders have power to:

  • Set liquidity fees
  • Set collateral haircuts
  • Onboarding new collateral types
  • Activate new maturities for lending and borrowing different assets
  • Determine liquidity incentive emission rates for different currencies
  • Propose and evaluate upgrades to the protocol

Stand-Out Features?

  • High, Fixed interest rates, are not a common sight, even in DeFi.

What Are The Risks Of Using Notional?

  • Bugs, exploits are always possible.
  • Interest rate risk, which you can read more about here: Docs