1/ @NotionalFinance is an @ethereum-based protocol which enables users to lend and borrow cryptoassets at a fixed rate via on-chain liquidity pools.
Notional recently launched its V2, and as a result protocol activity has exploded over the past week as it nears $1B in total TVL.
Notional recently launched its V2, and as a result protocol activity has exploded over the past week as it nears $1B in total TVL.
2/ Users can interact with the protocol as a borrower, lender, or liquidity provider (LP).
LPs are the most important as they capitalize liquidity pools with cTokens to act as the counterparty to all other lenders and borrowers.
In turn, they are rewarded with liquidity fees.
LPs are the most important as they capitalize liquidity pools with cTokens to act as the counterparty to all other lenders and borrowers.
In turn, they are rewarded with liquidity fees.
3/ The $NOTE token is used for operations within the protocol.
The total 100M token supply was allocated:
+ 50% to liquidity incentives
+ 23.6% to the team w/ 3-year vesting schedule
+ 19.78% to early investors w/ 3-year vesting
+ 6.62% to development grants & community building
The total 100M token supply was allocated:
+ 50% to liquidity incentives
+ 23.6% to the team w/ 3-year vesting schedule
+ 19.78% to early investors w/ 3-year vesting
+ 6.62% to development grants & community building
• • •
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