The post Notional V3 goes live on Arbitrum appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ November 7, 2023 4:18 pm