Spool Docs
Search
K

Notional

Notional Finance offers Fixed Interest Rate loans for DeFi participants. The Spool Notional Finance Strategy provides liquidity to these Fixed Interest Rate loans. Providing liquidity to the Notional Finance Protocol is rewarded with both a variable APY as well as NOTE (Governance Token) rewards.
Because this Strategy adds liquidity to the fixed rate interest product offered by Notional Finance, its yield might be negative. The negative yield is often offset through NOTE Governance Token incentives, though this offset is not guaranteed.
  • Name: Notional
  • Code: Open Source
  • Yield Generation Source: Fixed Interest Lending / Borrowing
  • Governance Token: Yes
  • Governance Token Rewards: Yes
  • Inception: 2021
  • Bug Bounty: Yes, up to $500k for critical bugs
Updated the 29th of April 2023, the Spool Protocol has deprecated its Notional Finance Implementation due to the Euler Finance Incident.
Last modified 3mo ago