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.

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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