Platform: Notional Finance
Notional Finance is making tidal waves because it is offering FIXED and super competitive interest rates on your stable coins!
Ethereum Transaction fees may be high, so prepare by having ETH in your wallet.
How Does It Work?
Notional, at its core, is just code.
Code that connects borrowers and lenders without either parties knowing who they are borrowing or lending from.
It is essentially different pools of different cryptocurrencies, powered by its users.
Anonymous Peer to Peer lending. 💫
How To Start Earning Interest:
Stable coins are crypto coins that are pegged to a real world asset like the US dollar. Examples of USD stable coins are (USDC, DAI, USDT..) Their price always = $1
Step 1 - Get some stable coins in your metamask wallet, and some $ETH
Step 2 - Head to Notional Finance Website
Step 3 - Go to “Lend” Tab & Pick Currency of Choice:
Step 4 - Select fixed APY lending term (3/6/12 months)
Step 5 - Review Your Fixed Interest Profit & Connect Wallet
Step 6 - Confirm Your Lend & Pay Transaction Fee
Please Note: Your $$ is not ‘stuck’ or ‘locked’ in here until maturity date, you can withdraw at any time, however your promised, Fixed APY, will only be attained if you leave your capital in until maturity date.