Notional V3 goes live on Arbitrum

Notional V3 has gone live on Arbitrum, marking a major step forward in the DeFi lending segment. Notional V3 has credited this development to years of hard work, adding that the community can now access a set of new functionalities and improvements.

Key offerings following this integration can be divided into three categories:-

  • Lending & borrowing at a fixed rate
  • Lending & borrowing at a variable rate
  • Leveraged yield strategies

Every category depends on the type of digital asset that the community is dealing with. For instance, users can lend and borrow USDC only at fixed and variable rates. Similarly, users can lend and borrow the other eight digital assets at fixed and variable rates: USDT, DAI, ETH, FRAX, rETH, wstETH, wBTC, and cbETH.

Three assets can be lent and borrowed via variable rates: GMX, ARB, and RDNT. Interestingly, all nine assets categorized under fixed and variable rates also fall under leveraged yield, enabling users to earn the yield through the said digital assets.

Variable lending and borrowing rates have been introduced to enhance the platform’s utility. Thereby expanding the offering from fixed rates while helping to increase yields for all the users of Notional V3. Leveraged yield strategies help maximize rewards in $NOTE by providing better liquidity. While the effect sounds pretty interesting, it rarely reflects on the trading value of the token. It was last seen exchanging hands at $0.1252, a slip of 2.22% in the last 24 hours.

The borrowing user experience has undergone a significant improvement. Notional Finance has highlighted that fixed-rate debts will automatically convert into variable-rate debts following their maturity. The platform added that there would be no penalty and no hard settlement.

Moving forward, Notional V3 has introduced a brand new UI (User Interface). It has been crafted by keeping in mind the power users of the platform, giving them transparency around the product listings and making the platform more understandable and easier to navigate.

Notional V3 is advancing efforts to furnish Arbitrum with additional collateral assets. Such as UNI, LINK, and LDO are included. By the end of this month, the update will likely be complete and will likely go live within the following month or before the end of the year. Three additional Balancer/Aura leveraged vaults featuring yield strategies and partnerships may also be introduced in December.

Notional V2 will go through an update, swiftly transitioning to Notional V3 with more leveraged vaults and currencies in the ecosystem. It will be directed to give users a better experience.

Notional Finance has shared the development on X, formerly Twitter, and has come across positive responses. Most of the members have congratulated the platform for its launch, while others have echoed the sentiment, saying that it indeed makes it easier for them to navigate the platform and explore its true potential.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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