# Latest **URL:** https://forum.notional.finance/latest.md [Latest](https://forum.notional.finance/latest.md) · [Categories](https://forum.notional.finance/categories.md) · [Tags](https://forum.notional.finance/tags.md) --- ## [\[NIP-111\] List a July 2025 sUSDe PT vault (Mainnet)](https://forum.notional.finance/t/nip-111-list-a-july-2025-susde-pt-vault-mainnet/226)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [May 14, 2025, 2:14pm UTC](https://forum.notional.finance/t/nip-111-list-a-july-2025-susde-pt-vault-mainnet/226 "2025-05-14T14:14:20Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: July 2025 sUSDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into th… --- ## [\[NIP-110\] Cut NOTE Emissions](https://forum.notional.finance/t/nip-110-cut-note-emissions/224)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [April 22, 2025, 7:28pm UTC](https://forum.notional.finance/t/nip-110-cut-note-emissions/224 "2025-04-22T19:28:17Z")
Summary We propose to cut NOTE incentive emissions by 15% in accordance with the plan set out in NIP-80. The proposed incentive cuts reduce emissions more heavily on Arbitrum (proportionally) than on Ethereum markets. … --- ## [\[NIP-109\] List a May 2025 eUSDe PT vault (Mainnet)](https://forum.notional.finance/t/nip-109-list-a-may-2025-eusde-pt-vault-mainnet/222)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [March 17, 2025, 1:11pm UTC](https://forum.notional.finance/t/nip-109-list-a-may-2025-eusde-pt-vault-mainnet/222 "2025-03-17T13:11:16Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: May 2025 eUSDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into USD… --- ## [\[NIP-108\] List a July 2025 USDe PT vault (Mainnet)](https://forum.notional.finance/t/nip-108-list-a-july-2025-usde-pt-vault-mainnet/220)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [March 4, 2025, 8:42pm UTC](https://forum.notional.finance/t/nip-108-list-a-july-2025-usde-pt-vault-mainnet/220 "2025-03-04T20:42:10Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: July 2025 USDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into the… --- ## [\[NIP-109\] List a June 2025 pufETH PT vault (Mainnet)](https://forum.notional.finance/t/nip-109-list-a-june-2025-pufeth-pt-vault-mainnet/221)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [March 4, 2025, 8:43pm UTC](https://forum.notional.finance/t/nip-109-list-a-june-2025-pufeth-pt-vault-mainnet/221 "2025-03-04T20:43:31Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: ETH PT: June 2025 pufETH PT Oracle: Redstone pufETH/ETH Vault strategy overview This vault borrows the borrow token (ETH) from Notional, conve… --- ## [\[NIP-107\] Update fCash parameters Q2 2025](https://forum.notional.finance/t/nip-107-update-fcash-parameters-q2-2025/219)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [March 4, 2025, 3:36pm UTC](https://forum.notional.finance/t/nip-107-update-fcash-parameters-q2-2025/219 "2025-03-04T15:36:56Z")
Summary In preparation for Notional’s upcoming quarterly roll occurring Wednesday, March 12th at 8:00 PM Eastern Time, we propose a set of parameter updates to Notional V3. Specifically, these interest rate models will b… --- ## [\[NIP-106\] Increase borrow capacity for rsETH/ETH vault](https://forum.notional.finance/t/nip-106-increase-borrow-capacity-for-rseth-eth-vault/218)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [February 20, 2025, 4:15pm UTC](https://forum.notional.finance/t/nip-106-increase-borrow-capacity-for-rseth-eth-vault/218 "2025-02-20T16:15:48Z")
We propose to increase the max borrow capacity on the rsETH/ETH vault from 750 ETH to 2000 ETH and increase the max pool share from 20% to 35%. This reflects high demand for this strategy as well as rsETH track record o… --- ## [\[NIP-105\] Decrease May 2025 sUSDe PT min collateral ratio](https://forum.notional.finance/t/nip-105-decrease-may-2025-susde-pt-min-collateral-ratio/217)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [February 20, 2025, 4:12pm UTC](https://forum.notional.finance/t/nip-105-decrease-may-2025-susde-pt-min-collateral-ratio/217 "2025-02-20T16:12:35Z")
We propose to decrease the min collateral ratio on the May 2025 sUSDe PT vault on Mainnet to 0.15 and the max deleverage collateral ratio to 0.4. This change will enable users to take out more leverage against sUSDe PTs… --- ## [\[NIP-104\] Update Prime Cash Curves](https://forum.notional.finance/t/nip-104-update-prime-cash-curves/216)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [February 19, 2025, 2:21pm UTC](https://forum.notional.finance/t/nip-104-update-prime-cash-curves/216 "2025-02-19T14:21:01Z")
Summary We propose to change the Prime Cash interest rate models on Notional with the aim of decreasing stablecoin and eth interest rates in response to shifting market conditions and decreased demand for leverage. Prop… --- ## [\[NIP-103\] List a Convex cbBTC/wBTC Vault (Mainnet)](https://forum.notional.finance/t/nip-103-list-a-convex-cbbtc-wbtc-vault-mainnet/215)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [January 22, 2025, 8:20pm UTC](https://forum.notional.finance/t/nip-103-list-a-convex-cbbtc-wbtc-vault-mainnet/215 "2025-01-22T20:20:14Z")
Summary This proposal is to list a Convex cbBTC/wBTC leveraged vault on Mainnet. This vault will enable users to borrow wBTC and deploy it into the cbBTC/wBTC Curve pool to earn swap fees, CRV incentives, and CVX incent… --- ## [\[NIP-102\] Cut NOTE Emissions](https://forum.notional.finance/t/nip-102-cut-note-emissions/214)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [January 20, 2025, 4:13pm UTC](https://forum.notional.finance/t/nip-102-cut-note-emissions/214 "2025-01-20T16:13:02Z")
Summary We propose to cut NOTE incentive emissions by 15% in accordance with the plan set out in NIP-80. The proposed incentive cuts reduce emissions more heavily on Arbitrum (proportionally), and more heavily on USDT … --- ## [\[NIP-101\] Increase max borrow capacity for March USDe PT vault](https://forum.notional.finance/t/nip-101-increase-max-borrow-capacity-for-march-usde-pt-vault/213)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [December 27, 2024, 5:28pm UTC](https://forum.notional.finance/t/nip-101-increase-max-borrow-capacity-for-march-usde-pt-vault/213 "2024-12-27T17:28:01Z")
Summary Due to strong and sustained user demand, the utilization of the Mar 2025 USDe PT vaults on Mainnet have approached 100%. We propose to increase the max borrow capacity on this vault from 2.5M USDC to 5M USDC. US… --- ## [\[NIP-100\] Increase ezETH/ETH max pool share to 35%](https://forum.notional.finance/t/nip-100-increase-ezeth-eth-max-pool-share-to-35/212)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [December 6, 2024, 4:03pm UTC](https://forum.notional.finance/t/nip-100-increase-ezeth-eth-max-pool-share-to-35/212 "2024-12-06T16:03:59Z")
Summary Due to high demand for the ezETH/ETH leveraged vault, we propose increasing the vault’s maximum pool share parameter from 20% to 35%. The Notional leveraged vault currently holds ~20% of the total amount of ezETH… --- ## [\[NIP-99\] Update fCash market parameters Q1 2025](https://forum.notional.finance/t/nip-99-update-fcash-market-parameters-q1-2025/211)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [December 5, 2024, 5:50pm UTC](https://forum.notional.finance/t/nip-99-update-fcash-market-parameters-q1-2025/211 "2024-12-05T17:50:32Z")
Summary In preparation for Notional’s upcoming quarterly roll occurring Thursday, December 12th at 7:00 PM EST, we propose a set of parameter updates to Notional V3. Specifically, these interest rate models will be wider… --- ## [\[NIP-98\] Update Stablecoin Prime Cash Curves](https://forum.notional.finance/t/nip-98-update-stablecoin-prime-cash-curves/210)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [November 27, 2024, 3:41pm UTC](https://forum.notional.finance/t/nip-98-update-stablecoin-prime-cash-curves/210 "2024-11-27T15:41:14Z")
Summary We propose to change the Prime Cash interest rate models on Notional with the aim of increasing stablecoin interest rates in response to rapidly shifting market conditions and significantly increased demand for l… --- ## [\[NIP-97\] Update Stablecoin Prime Cash Curves](https://forum.notional.finance/t/nip-97-update-stablecoin-prime-cash-curves/209)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [November 11, 2024, 8:42pm UTC](https://forum.notional.finance/t/nip-97-update-stablecoin-prime-cash-curves/209 "2024-11-11T20:42:08Z")
Summary We propose to change the Prime Cash interest rate models on Notional with the aim of increasing stablecoin interest rates in response to rapidly shifting market conditions and significantly increased demand for l… --- ## [\[NIP-96\] Increase max borrow capacity for USDe PT vaults](https://forum.notional.finance/t/nip-96-increase-max-borrow-capacity-for-usde-pt-vaults/208)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [November 9, 2024, 1:37pm UTC](https://forum.notional.finance/t/nip-96-increase-max-borrow-capacity-for-usde-pt-vaults/208 "2024-11-09T13:37:57Z")
Summary Due to strong and sustained user demand, the utilization of the Dec 2024 and Mar 2025 USDe PT vaults on Mainnet have approached 100%. We propose to increase the max borrow capacity on these vaults from 1M USDC ea… --- ## [\[NIP-95\] List a Mar 2025 sUSDe PT Vault (Mainnet)](https://forum.notional.finance/t/nip-95-list-a-mar-2025-susde-pt-vault-mainnet/207)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 31, 2024, 5:30pm UTC](https://forum.notional.finance/t/nip-95-list-a-mar-2025-susde-pt-vault-mainnet/207 "2024-10-31T17:30:23Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: Mar 2025 sUSDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into the… --- ## [\[NIP-94\] List a Dec 2024 sUSDe PT Vault (Mainnet)](https://forum.notional.finance/t/nip-94-list-a-dec-2024-susde-pt-vault-mainnet/206)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 31, 2024, 5:29pm UTC](https://forum.notional.finance/t/nip-94-list-a-dec-2024-susde-pt-vault-mainnet/206 "2024-10-31T17:29:01Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: Dec 2025 sUSDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into the… --- ## [\[NIP-93\] List a Mar 2025 USDe PT Vault (Mainnet)](https://forum.notional.finance/t/nip-93-list-a-mar-2025-usde-pt-vault-mainnet/205)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 29, 2024, 3:06pm UTC](https://forum.notional.finance/t/nip-93-list-a-mar-2025-usde-pt-vault-mainnet/205 "2024-10-29T15:06:59Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: Mar 2025 USDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into the … --- ## [\[NIP-92\] List a Dec 2024 USDe PT Vault (Mainnet)](https://forum.notional.finance/t/nip-92-list-a-dec-2024-usde-pt-vault-mainnet/204)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 29, 2024, 3:05pm UTC](https://forum.notional.finance/t/nip-92-list-a-dec-2024-usde-pt-vault-mainnet/204 "2024-10-29T15:05:36Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: USDC PT: Dec 2024 USDe PT Vault strategy overview This vault borrows the borrow token (USDC) from Notional, converts the borrow token into the … --- ## [\[NIP-91\] List a Dec 2024 ezETH PT Vault (Mainnet)](https://forum.notional.finance/t/nip-91-list-a-dec-2024-ezeth-pt-vault-mainnet/203)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 29, 2024, 3:03pm UTC](https://forum.notional.finance/t/nip-91-list-a-dec-2024-ezeth-pt-vault-mainnet/203 "2024-10-29T15:03:48Z")
Vault details Vault type: Leveraged PTs Network: Mainnet Borrow token: ETH PT: Dec 2024 ezETH PT Vault strategy overview This vault borrows the borrow token (ETH) from Notional, converts the borrow token into the P… --- ## [\[NIP-90\] Cut NOTE Emissions](https://forum.notional.finance/t/nip-90-cut-note-emissions/202)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 29, 2024, 3:02pm UTC](https://forum.notional.finance/t/nip-90-cut-note-emissions/202 "2024-10-29T15:02:25Z")
Summary We propose to cut NOTE incentive emissions by 20% in accordance with the plan set out in NIP-80. The proposed incentive cuts reduce emissions more heavily on Arbitrum, and more heavily on USDT than on USDC or E… --- ## [\[NIP-89\] List a Convex ETH/ETHx Vault (Mainnet)](https://forum.notional.finance/t/nip-89-list-a-convex-eth-ethx-vault-mainnet/201)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [October 1, 2024, 2:15pm UTC](https://forum.notional.finance/t/nip-89-list-a-convex-eth-ethx-vault-mainnet/201 "2024-10-01T14:15:35Z")
Summary This proposal is to list a Convex ETHx/ETH leveraged vault on Mainnet. This vault will enable users to borrow ETH and deploy it into the ETHx/ETH Curve pool to earn swap fees and CRV incentives. ETHx can be free… --- ## [\[NIP-88\] Update Prime Cash Curves](https://forum.notional.finance/t/nip-88-update-prime-cash-curves/200)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [September 19, 2024, 7:39pm UTC](https://forum.notional.finance/t/nip-88-update-prime-cash-curves/200 "2024-09-19T19:39:13Z")
We propose to change the Prime Cash interest rate models on Notional with the aim of enhancing deposit growth, optimizing utilization levels, and creating a more balanced interest rate environment for Notional’s users. B… --- ## [\[NIP-87\] List a Convex tBTC/wBTC leveraged vault (Mainnet)](https://forum.notional.finance/t/nip-87-list-a-convex-tbtc-wbtc-leveraged-vault-mainnet/198)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [September 11, 2024, 8:15pm UTC](https://forum.notional.finance/t/nip-87-list-a-convex-tbtc-wbtc-leveraged-vault-mainnet/198 "2024-09-11T20:15:24Z")
Summary We propose listing a WBTC Curve leveraged vault on Notional V3 Mainnet. The vault would allow users to borrow WBTC from Notional’s Mainnet deployment at a variable rate and LP the proceeds in the Curve tBTC/WBTC … --- ## [\[NIP-86\] List tBTC as a collateral asset on Ethereum and Arbitrum](https://forum.notional.finance/t/nip-86-list-tbtc-as-a-collateral-asset-on-ethereum-and-arbitrum/197)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [August 30, 2024, 5:12pm UTC](https://forum.notional.finance/t/nip-86-list-tbtc-as-a-collateral-asset-on-ethereum-and-arbitrum/197 "2024-08-30T17:12:38Z")
Summary We propose listing tBTC as a collateral asset on Ethereum and Arbitrum. tBTC will be a variable lend/borrow asset. This proposal does not call for fixed rate tBTC markets. tBTC has recently emerged as a leading … --- ## [\[NIP-85\] Update fCash market parameters Q4 2024](https://forum.notional.finance/t/nip-85-update-fcash-market-parameters-q4-2024/196)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [August 30, 2024, 4:55pm UTC](https://forum.notional.finance/t/nip-85-update-fcash-market-parameters-q4-2024/196 "2024-08-30T16:55:20Z")
Summary In preparation for Notional’s upcoming quarterly roll occurring Friday, September 13th at 8:00 PM EDT, we propose a set of parameter updates to Notional V3. Specifically, these interest rate models will be narrow… --- ## [Response to Recent wBTC Custody Concerns](https://forum.notional.finance/t/response-to-recent-wbtc-custody-concerns/195)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [August 29, 2024, 7:33pm UTC](https://forum.notional.finance/t/response-to-recent-wbtc-custody-concerns/195 "2024-08-29T19:33:40Z")
Background: Bitgo recently announced that custody of wBTC will transition to Bit Global, a new company materially affiliated with Justin Sun. This change has raised concerns about the safety and security of wBTC. Risk I… --- ## [\[NIP-84\] Increase Aura: USDC/GHO/USDT (Mainnet) max borrow capacity to 4M USDC](https://forum.notional.finance/t/nip-84-increase-aura-usdc-gho-usdt-mainnet-max-borrow-capacity-to-4m-usdc/194)
**Author:** [@Notional\_Labs](https://forum.notional.finance/u/Notional_Labs)\ **Replies:** 0\ **Last updated:** [August 22, 2024, 8:14pm UTC](https://forum.notional.finance/t/nip-84-increase-aura-usdc-gho-usdt-mainnet-max-borrow-capacity-to-4m-usdc/194 "2024-08-22T20:14:26Z")
Summary Due to high demand for the USDC/GHO/USDT leveraged vault, we propose increasing the vault’s max borrow capacity from 2M USDC to 4M USDC. Risks We believe that increasing the exposure to GHO is acceptable at this… [Next page](https://forum.notional.finance/latest.md?page=1)