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Fixed interest rate lending agreement Notional Finance announced the issuance of NOTE tokens, will meet the requirements of the address airdrop

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Notional uses 50% of the total Note for liquid mining.

律动 BlockBeats 消息，7 月 20 日，固定利率贷款协议 Notional Finance 宣布推出代币 NOTE，同时将对 741 个符合要求地址进行代币空投。同时， Notional 将 NOTE 总量的 50% 用于流动性挖矿。

Notional Finance introduced the core features of National V2 in July, according to official information. With the Note token as a governance token, its holders will have full control over the on-chain vault, the risk and guarantee parameters of the protocol, and any smart contract upgrades. In the event of an emergency, the Notional team will retain the ability to temporarily suspend the system, but no other special authority.

Note token allocation

56.62% of the token supply is allocated to the community;

50 per cent of the supply is for liquidity incentives;

6.62% to support the growth of the NOtional ecosystem and to fund developers who want to develop products on top of NOtional.

The total supply of Note is 100 million, and the distribution is as follows:

50 million notes (50%) for liquidity incentives;

6,620,000 notes (6.62%) were used for development grants and community building

23.6 million notes (23.6%) to the team and future team members with a three-year unlock period

19.78 million notes (19.78 percent) will be issued to early investors with a three-year unlock period

Drop Note tokens

To thank the community for their participation, NOtional will air drop to all users who have borrowed, lent or provided liquidity of 50 DAI/USDC or greater as of 8:00 am Beijing time (00:00GMT July 4). The number of notes ranges from about 600 to 1,800. Air drops account for 0.75% of Note supply.

The earlier the users participate in the NOtional interaction, the more likely the rewards will be. People who used the protocol for the first time in October 2020 received about three times as many notes as those who used it for the first time in July 2021.

A total of 741 addresses will be eligible for the Note airdrop. Check out the full list here.

Fluid mining

Notional spends 50% of the total Note amount on liquidity mining and liquidity providers will be able to earn Note rewards by casting the following NTokens :USDC, DAI, USDT, ETH and WBTC.

The governance of liquidity incentive theory will be reviewed quarterly and may change the incentive emission rate. The schedule below sets out the initial assumptions for the allocation of liquidity incentives over a period of time. This schedule is indicative only and will ultimately be determined by NOtional governance.

First year distribution: 20,000,000 notes

In the second year: 15,000,000 notes

Distribution in the third year: 10,000,000 notes

Distribution in the fourth year: 5,000,000 notes