Activity
Last updated
Last updated
Weekly Activity Report Check out how degens interacted with@NotionalFinancelast week (May-22 to May-28)
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Trade volume growing (greater borrowing than last week) Huge USDC Borrowing volume for the last week $400,000 USDC
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Open Debt of almost $12.7 mil which generated $11,010 interest income for the lenders in the last week. USDC with the highest open debt of almost $6.37 mil generating more than 50% of the interest.
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Notional avg Rates across the whole week.
DAI and USDC got the best supply rates.
Borrow rate = Notional rate + 0.3% Supply rate = Notional rate - 0.3%
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$35.3 mil supporting the trades on Notional finance USDC and DAI again
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Returns to the Liquidity Providers in the miserable market. 5.8%
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IR Compare thread link
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Most recent Gov updates: Gov: [NIP-21] - Update NOTE incentives Status: Passed Start: May 18 End: May 22 To lower the annual NOTE incentives by 3mil from 13mil NOTE to 10mil NOTE on the next quarterly roll according to the following schedule: Link: https://buff.ly/3q2nUAz
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Gov: [NIP-20] - Update Notional’s treasury management strategy Status: Passed Start: May 18 End: May 22 Proposal to start incentivizing veBAL holders to vote for the sNOTE gauge in order to increase the sNOTE incentive yield on Balancer. ---
Cont... Moreover, the proposal insists on locking DAO’s AURA and BAL tokens to increase the sNOTE pool incentive allocation by converting them to veBAL and vlAURA, respectively. To reduce weekly COMP reinvestments augment with 10k NOTE per week.
Link: https://buff.ly/43wqBcj
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Gov: [NIP-19] Deploy Notional v3 on Arbitrum Status: Passed Start: May 18 End: May 22 The title says it all
Link: https://buff.ly/3oo5WYV
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Sneak peeks from the upcoming V3 update
