Notional Finance Launches Governance Platform in Partnership with Commonwealth
Notional Finance, a fixed rate borrowing and lending platform built on Ethereum, has experienced rapid adoption rates over the past couple of months. At the time of this announcement, Notional is currently the 21st largest DeFi project with just under $800m TVL.
We are excited to announce that we have partnered with this rapidly growing project to create an all-in-one governance platform for the Notional community.
About Notional Finance: A Fixed-Rate Financing Platform on Ethereum
Notional is a protocol that is built on Ethereum. Notional Finance facilitates fixed-rate, fixed-term crypto asset lending and borrowing through a novel financial instrument unique to Notional.
Fixed-rate financing is what makes financial markets operate and Notional successfully bringing this function to DeFi is critical to the overall health of the space. Fixed interest rates provide certainty and minimize risk for market participants, and this is why the majority of U.S. debt is issued using fixed rates. Notional brings fixed interest rates to the decentralized financial system on Ethereum and gives crypto users the same access to stable financing.
Where DeFi Communities Grow: Commonwealth Protocol Offers an All-in-One Solution for DeFi Communities
Commonwealth is the crypto native, all-in-one community & governance tool used by many of the top DeFi projects. Commonwealth combines the core functionality of Discourse, Snapshot, on-chain voting, and network analytics all into one place via a crypto-native product. This means decentralized governance, community discussions, treasury management, and more happen all on Commonwealth.
Notional recently launched V2 of the protocol. With Notional V2, token holders are able to govern the protocol with $NOTE.
Notional moving onto Commonwealth empowers $NOTE token holders with full governance capabilities. The governance process from discussion post through to executing the proposal is now seamless with more functionality and in one place.
Notional’s platform on Commonwealth was built custom for the community and will include the following key capabilities:
- Crypto-Native Token Forum: The Notional platform on Commonwealth comes with full forum capabilities including threaded discussions, upvotes, user profiles, & more. Community members are also able to login with their wallets to user their $NOTE while participating in governance.
- Snapshot Integration: As part of the seamless governance experience that Commonwealth offers, Notional’s Commonwealth platform comes with their Snapshot fully integrated. This means the community can flow easily from discussion post to proposal with complete transparency at every stage.
Notional Finance’s Commonwealth platform will soon have on-chain governance capabilities as well.
Participate in Notional’s New Commonwealth Forum
The Commonwealth forum is live and able to be used by the Notional community. Users are encouraged to participate in the ongoing discussions on their new Commonwealth platform.
The live forum can be found at https://forum.notional.finance/