Notional is a protocol on Ethereum that facilitates fixed rate, fixed term lending and borrowing of crypto-assets via a novel financial primitive called fCash.
Fixed rate financing touches all corners of the modern financial markets. The majority of US debt is issued at fixed interest rates because they provide certainty and minimize risk for market participants. Notional brings this capability to the decentralized financial system on Ethereum and gives crypto users that same access to stable financing.
fCash offers a simple and reliable mechanism for Notional users to commit to transfers of value at specific points in the future. Trading fCash allows users to efficiently move value back and forth through time - this opens a new dimension in the financial design space on Ethereum.
Notional was developed and launched in early 2020 by a team of stakeholders with expertise in technology, trading, security, and design.
Governance is a critical part of the Notional system. Notional is designed to optimize capital efficiency and effectively balance the needs of liquidity providers and the system's end users. This requires the selection and adjustment of a set of system parameters that deal with the platform's risk and trading dynamics. Notional is currently governed by its founding team. The team holds admin keys to the contracts and hosts the user interface.
The Notional team is committed to decentralization. We will pursue a strategy of progressive decentralization in which we will give up our admin keys, relinquish control of the protocol, and hand it off to the community.