Statistics

TVL - 800M TVL - Leading in fixed rate borrowing and lending Total LPs - 404 Total loan volume - 210M / 130M borrowing - 80M lending
- Lending is picking up pace - past weekend was 40M of lending alone

Discussion Items

Nexus Mutual coverage is live - now you can get a risk-free rate of return in DeFi - you can lock in 11% interest still on Notional AND cover it for smart contract risk.

Collateralization ratio change to LTV will be live on kovan.notional.finance soon.
NOTE token on L2 is being investigated to increase NOTE holders/accessibility - likely 1 or 2 months away, but sooner than the full L2 solution for the protocol

We've migrated from Discourse to Commonwealth - they are much more crypto-friendly, including Snapshot integration for easy commenting, voting and keeping forum threads clear. If you were an existing Discourse member, your account has been ported - you can claim and add an ethereum address to the dummy account.
Check out the live staking proposal -https://commonwealth.im/notional/proposal/discussion/2944-nip-staked-note-module
This process may change somewhat, but the general flow is that anyone can:
- Submit a request for comment - 5-7 day period for commenting
- Then resubmit proposal in a refined proposal as a formal NIP (Notional Improvement Proposal) - 5 day period
- If off chain - Snapshot vote
- If on-chain, back to the governance.notional.finance voting module
Framework for adding other assets on Notional will be live soon. UPDATE: live now: https://commonwealth.im/notional/proposal/discussion/2936-asset-onboarding-process
Check out the bounty board for open requests from the core team that are looking for builder: https://www.notion.so/Bounty-Board-79067efad2964840afca406b67d512a2
- Some bounties already awarded, eg. layer3.xyz, and info.notional.finance
Notional Blitz #2 is now live!