Notional Finance, a decentralized fixed-rate lending protocol built on Ethereum, closed a $10M Series A funding round led by Pantera with participation from ParaFi, 1confirmation, Spartan Group, Nascent, Nima Capital, and others.
“Notional’s mission is to bring fixed-rate borrowing and lending to Ethereum and take DeFi to a more mainstream audience that is interested in use cases beyond just trading and speculation,” according to the April 29 post.
The funds will be used “to build a world-class team, and invest in the further development of our product,” the announcement said. Notional has attracted $17M in assets and executed $9.5M in loans since launching in January 2021.
