> For the complete documentation index, see [llms.txt](https://docs.notional.finance/exponent/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.notional.finance/exponent/overview/strategy-types.md).

# 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:

<figure><img src="/files/5c7VfzXZdus1M3PMjGBl" alt=""><figcaption></figcaption></figure>

#### 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:

<figure><img src="/files/qVGJfY832tgEHn7Zagcx" alt=""><figcaption></figcaption></figure>


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