2/ Notional’s users borrow & lend via the protocol’s native liquidity pools.
As such, liquidity providers (LPs) are central to Notional. Yet the project’s V1 system required LPs to *actively* manage their positions.
Here’s where Notional V2 nTokens come in!
3/ nTokens are high-yield, low-touch ERC20 LP tokens.
✅ They optimize for interest via underlying deposits of Compound cTokens, e.g. nDAI via cDAI.
✅ They offer LPs a fully passive experience. No active management required!
4/ Accordingly, nTokens are:
📈 yield-bearing
🌀 redeemable whenever
💰 a new DeFi collateral type
💪 persistent
Persistent = you can LP-and-forget, you don’t have to exit/re-enter when Notional maturities begin & end. Your liquidity rolls across maturities as they come and go.
5/ Best of all? The flexibility & efficiency!
Let’s say you want to borrow against nDAI. In just 1 tx, Notional V2 lets you:
✅ LP by minting nDAI
✅ borrow against your new nDAI
✅ start earning pool fees + $NOTE rewards + Compound supply rate simultaneously
Boom 💥
6/ Powerful stuff, right? We think so!
If you want to dive deeper into Notional Finance V2 & nTokens, learn more in our latest write-up on the promising protocol:
7/ This is a paid promotion as part of our DeFi Pulse Drops series where DeFi Pulse works with projects to launch their new features and builds. If you want us to work with you, please get in touch!
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Want to see a real-world use case for #crypto fixed rates?
Imagine a fintech app like Wealthfront hooking up their vast user bases to fixed rate products, with notional.finance fixed rates providing the yields under the hood...
2/ This is the future of fixed rates!
Whether you want fixed rates for your own portfolio, these stable rates move #DeFi forward, which benefits EVERYONE.
The ability to plan future cash flows / calculate capital costs for the long-term = new use cases, new users.
3/ What comes next then?
Maybe protocols & #DAOs use fixed rates to borrow against their treasuries to fund operations & expansion!
This is but a taste of what’s to come, & soon enough Notional’s fixed rate pools with deep liquidity may become base infra for fueling DeFi.
1/ ICYMI we’re doing scaling week at DeFi Pulse and today we’ll be talking about BRIDGES!
Do you know about the different approaches to bridging assets?
Join us for an informational thread!
🌉🌉🌉🌉🌉🌉
2/ Let’s start with some basics:
When you transfer assets to a scaling solution, you’re interacting with a minimum of three protocols:
📫The base chain
🎯The target chain
🌉The bridge
In this txn, your assets are only as safe as the weakest link!
3/ In other words, if you’re bridging from Protocol A with 1000 nodes to Protocol B with 300 nodes, but the bridge is controlled by 3 people - you might as well be reading CeFi Pulse!
1/ The cryptoeconomy is increasingly becoming a cross-chain ecosystem where users want great DeFi services on multiple blockchains and scaling solutions simultaneously.
2/ To successfully achieve its strategy, DODO is integrating with layer-one chains (independent blockchains like Ethereum and Polkadot), layer-two chains (scaling solutions like Arbitrum that are secured by the L1s they support), and sidechains.
3/ For DODO, the name of the game is to bring its PMM’s advantages to as many people as possible by deploying its liquidity to a range of viable DeFi-centric chains.
To name a few, DODO is ready on Arbitrum's rollup L2 and continues to work with Polygon and Polkadot's Moonbeam.
The UI/UX of DeFi Saver's Recipe Creator streamlines the experience of using #DeFi by reducing what can often be a tedious process down to a single transaction.
🤔🤖🧑🍳 Now imagine what you could do if you could automate your recipes...
2/ Every DeFi user has imagined at one point or another how cool it would be if you could automate some task you were doing in DeFi in just a few clicks. 💭
With Recipe Automation on DeFi Saver's roadmap, that future may be here sooner than you think.
3/ Recipe Automation is just one stop on DeFi Saver's roadmap filled with new features, integrations, and further UI improvements.
Consistent updates are key to DeFi Saver's goal: to be your one-stop dashboard for creating, managing and tracking your DeFi positions.