Fixed-rate financing is how financial markets operate. 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.
Notional V2 is governed by NOTE token holders. The Notional Team will provide analysis and parameter recommendations for a short period of time following the launch of the protocol. As the protocol becomes increasingly decentralized, the Notional Team will step back from protocol governance.