# nTokens

nTokens are ERC20 assets that are redeemable for a share of Notional’s total liquidity in a given currency across all active maturities. nToken accounts hold a basket of Prime Cash and fCash either directly or through liquidity tokens which represent a claim on the Prime Cash and fCash that is held in fCash liquidity pools. Learn more about nTokens [here](https://docs.notional.finance/notional-v3/ntokens/what-are-ntokens).

## nToken Parameters

Notional's governance has the ability to set:

* Deposit shares
* Leverage thresholds
* Residual purchase incentives
* Cash withholding buffers
* nToken incentives


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