Strategy Types

Notional Exponent offers three different strategy types: Staking, PendlePT, and Liquidity.

Staking

  • Staking vaults mint and hold staked tokens like sUSDe or weETH.

  • Smart withdrawal can be initiated at any time for vaults that support it.

PendlePT

  • PendlePT vaults buy and hold PTs like sUSDe 27 NOV 2025 PTs.

  • Smart withdrawal is only available after the PT expires.

  • Smart withdrawal applies to the PT's SY token. Here is an example flow for sUSDe 27 NOV 2025 PTs:

Liquidity

  • Liquidity vaults mint and hold LP tokens issued by DEXes like Curve. Some vaults stake LP tokens on yield boosters like Convex to boost incentive yields.

  • Liquidity vaults usually earn incentives. Incentives are streamed directly to users and are claimable at any time.

  • Smart withdrawal can be initiated at any time for vaults that support it.

  • Smart withdrawal applies to the tokens in the liquidity pool. Here is an example flow for sUSDe / sDAI Curve LP tokens:

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