Account Structure

Every account in the Notional system has a cash balance, fCash balances, and liquidity token balances for each supported currency type. An account's fCash balances and liquidity token balances for a given currency type are broken out by the maturities that are supported for that currency type.

Cash

An account’s cash balance reflects how much currency (DAI, USDC, ETH .. ) that account has access to.

fCash

fCash converts to cash upon maturity. Every currency type on Notional has a set of active maturities, and every account will have an fCash balance on each of those maturities.

Liquidity Tokens

Liquidity tokens represent a claim on the assets that sit in the liquidity pool at a given maturity. Liquidity tokens can be decomposed into a claim on cash and fCash.

Example Account

	DAI	USDC	***
Cash	0	0	0
fCash	[...]	[...]	[...]
Liquidity Tokens	[...]	[...]	[...]

Account Structure Per Currency

Currency: DAI Cash: 0

Active Maturities	fCash	Liquidity Tokens
Maturity 1	0	0
Maturity 2	0	0
***	0	0