Notional

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Frequently asked questions

What is Notional?

Notional is a web3 platform that offers a fixed rate lending protocol for decentralized finance (DeFi). Users can lend their assets to earn interest, borrow crypto by depositing collateral and paying interest, and provide liquidity to earn interest, fees, and incentives. Notional also offers leveraged vaults, where users can borrow crypto to deposit into DeFi yield strategies and pay interest to Notional. The platform prioritizes security and conducts thorough testing and auditing of its smart contracts.

What are the main features of Notional?

Notional is a web3 platform that offers several main features. These features include:

1. Lending: Users can deposit assets and earn interest on their deposits.

2. Liquidity Providers: Users can deposit assets to make markets for fixed rate lenders and borrowers. They can earn interest, fees, and incentives for providing liquidity.

3. Borrowing: Users can deposit collateral to borrow crypto and pay interest.

4. Leveraged Vaults: Users can borrow crypto to deposit into DeFi yield strategies. They pay interest to Notional and can earn vault yield.

5. Audits & Security: Notional prioritizes security and invests in thorough testing and auditing of their smart contracts. Their contracts are open source for developers to review, and they have an active bug bounty program.

6. Provide Liquidity: Users can deposit assets into Notional's liquidity pools and earn passive interest, fees, and NOTE incentives.

7. Redeemable Anytime: Assets deposited into Notional can be redeemed at any time.

8. Risk Score: Notional has a low risk score.

9. Transaction Fees: Notional charges transaction fees.

10. NOTE Incentives: Users can earn NOTE incentives by participating in Notional's platform.

Overall, Notional aims to maximize returns while minimizing risk through its various features and offerings.

How can I earn interest on my assets through Notional?

To earn interest on your assets through Notional, you can utilize their fixed rate lending, leveraged vaults, or provide liquidity.

1. Fixed Rate Lending: Deposit your assets and choose a term to earn a guaranteed interest rate. The APY can be as high as 5.91%.

2. Leveraged Vaults: Borrow crypto from Notional to deposit into DeFi yield strategies. You will pay interest to Notional, but you can earn leveraged yield. The APY can be as high as 0%.

3. Provide Liquidity: Deposit assets into Notional's liquidity pools to make markets for fixed rate lenders and borrowers. By doing so, you can earn interest, fees, and incentives. The APY can be as high as 6.45%.

Please note that the specific APY rates may vary depending on the currency and the current market conditions.

Is Notional secure?

Notional invests in thorough testing and auditing of their smart contracts. They also have open-source code for developers to review and an active bug bounty program. Therefore, it can be inferred that Notional has taken measures to enhance its security and minimize risks.

How can I deposit assets on Notional?

To deposit assets on Notional, you can use the platform's lending feature. By depositing assets, you can earn interest on your holdings. Additionally, you can also provide liquidity to make markets for fixed rate lenders and borrowers, earning interest, fees, and incentives. Notional offers various options for depositing collateral and borrowing crypto, allowing you to participate in DeFi yield strategies. The platform prioritizes security and conducts thorough testing and auditing of its smart contracts. Notional's contracts are open source, and they have an active bug bounty program.

What are the interest rates offered by Notional?

Notional offers different interest rates for various cryptocurrencies. Here are the interest rates offered by Notional:

• DAI: 5.31% APY (Variable Rate: 0.38% APY, NOTE Incentive Yield: 4.92% APY)
• ETH: 5.10% APY (Variable Rate: 0.45% APY, NOTE Incentive Yield: 4.65% APY)
• USDC: 6.45% APY (Variable Rate: 0.05% APY, NOTE Incentive Yield: 6.40% APY)
• WBTC: 0.02% APY (Variable Rate: 0.02% APY, NOTE Incentive Yield: 0.00% APY)

Please note that these rates are subject to change and may vary over time.

Are there any incentives for providing liquidity on Notional?

Yes, there are incentives for providing liquidity on Notional. Liquidity providers can earn interest, fees, and incentives by depositing assets to make markets for fixed rate lenders and borrowers. The incentives include earning passive interest, trading fees, and NOTE incentives from Notional's liquidity pools.