Notional Finance

A Primer on a DeFi Take on Fixed Interest Rates

The first ever DeFi mortgage may have just gone through.  An engineering lead at a top DeFi protocol, who asked to remain anonymous to keep his personal finances private, on Jan. 22 paid off his mortgage loan with Commonwealth Bank of Australia, and now is paying down his refinanced home loan through DeFi protocol Notional…

Notional Finance has come out of stealth with $3M in liquidity following a closed beta over the past quarter. Notional users can lend and borrow the stablecoins DAI and USDC at fixed rates using ETH or WBTC as collateral. A 10k USDC loan has a fixed APR of 4.27%, while a 10k USDC deposit has…