Notional Finance is emerging in the Decentralized Finance space, with the number of users surpassing 10,000.

Notional Finance, as a startup focused on fixed-rate crypto loans, has made significant progress since its establishment in 2021. The company secured $10 million in Series A funding in April of the same year, with participation from several well-known venture capital firms. This funding has provided strong support for the team building and product optimization of Notional Finance.

Currently, Notional Finance has a total deposit amount of 40.62 million USD, total outstanding debt of 18.2 million USD, and the number of active accounts has reached 1,259. These figures fully demonstrate its influence in the Decentralized Finance sector and rapidly growing user base.

On November 6, 2023, Notional Finance announced the launch of its V3 version on Arbitrum. The new version supports lending and borrowing of 12 assets and plans to introduce more new features, including three new Aura leverage vault strategies and the addition of LINK, UNI, and LDO as new collateral options. These initiatives further enhance Notional Finance's product diversity and market competitiveness.

Latest data shows that Notional V3's reserves and accumulated user numbers have both seen significant growth. Especially at the beginning of July 2024, its reserves reached a new high, while the accumulated user count broke through 10,000 in a short period of time. This not only reflects the robust development of Notional Finance but also demonstrates the market's high recognition of its products.

In the context of the current poor performance of the DeFi sector, Notional Finance demonstrates unique advantages and market appeal. Its pCash market utilization rate reaches 65.39%, with a borrowing rate of 12.17% and a supply rate of 6.63%. Overall, the total supply of Notional V3 is $2,032,874.44, with total debt of $1,329,371.63. The protocol fees for the past day amounted to $333.57, with cumulative protocol fees reaching $214,052.33. These data indicate that Notional Finance has achieved significant results in optimizing user experience and enhancing market participation.

Notional Finance's fixed-rate lending model provides users with a stable financial planning environment. The launch of version V3 further enhances the user experience, with the newly added asset support and leverage vault strategies offering users more choices and flexibility.

Notional Finance's technical framework employs an advanced automated market maker model, ensuring liquidity and interest rate stability on the platform. By deploying multiple liquidity pools between fCash and supported assets, it achieves efficient capital management and risk control. Its customized AMM functionality can dynamically adjust curve sensitivity, reduce slippage, and minimize the impact of deposits and withdrawals on actual interest rates.

In terms of security, Notional Finance collaborates with leading security auditing firms to ensure the reliability and safety of the protocol through rigorous code audits and validations. This further enhances the system's security and user trust.

To further enhance user participation, Notional Finance has launched several incentive programs. Starting from June 12, 2024, a 12-week ARB incentive program will be launched on Arbitrum, distributing a total of 250,000 ARB. This program targets liquidity providers, lenders, borrowers, and leverage vault users.

ARB incentives are distributed monthly through a points program, divided into three four-week seasons. Users earn points based on their asset holdings and the multiplier of the products they hold, which are converted into ARB allocations at the end of the season. These incentive programs provide users with additional earning opportunities, enhancing platform activity and user engagement.

In summary, Notional Finance has established a good reputation in the DeFi market with its unique fixed-rate lending model, advanced technological framework, and strong security guarantees. In the future, Notional Finance will continue to innovate and optimize its products and services to provide users with safer, more efficient, and diversified financial solutions.