Liquidity providers deposit funds into Notional and receive trading fees from borrowers & lenders (supply-side fees).

Notional is a non-custodial fixed-rate, fixed-term lending protocol built on Ethereum. Notional was founded by Jeff Wu & Teddy Woodward and launched in 2020.

NOTE holders own and govern the protocol. They currently take a cut of the total trading fees paid by borrowers & lenders and all of the COMP incentives from funds deposited to Compound (revenue). Notional’s investors include Coinbase Ventures, Nascent Ventures, 1Confirmation, etc.

github

twitter

discord

etherscan

website

Lending

Notional Finance

# Notional Finance Maximum token supply Methodology

## 1. Overview

The Notional token supply maximum metric represents the maximum possible number of tokens that can ever be created for the Notional protocol. This is a fundamental tokenomics parameter that defines the upper bound of token issuance. The metric tracks a fixed value of 100 million tokens from the protocol's launch date onwards, providing a consistent reference point for understanding the token's supply constraints and scarcity characteristics.

## 2. Data sources

This metric relies entirely on protocol configuration data rather than dynamic blockchain events:
- **Protocol tokenomics specifications**: The maximum supply cap defined in Notional's token contract and protocol design
- **Token launch date**: The official launch timestamp of the Notional token on November 15, 2021
- **Configuration parameters**: Hardcoded values representing the protocol's fundamental token supply limits

## 3. Step-by-step calculation

### Component A: Maximum supply configuration
- **Purpose**: Establishes the fundamental token supply parameters for Notional
- **Logic**: Sets three core values: the token launch timestamp of November 15, 2021 at midnight UTC, a daily reporting granularity, and the maximum token supply of 100,000,000 tokens. These values are hardcoded based on the protocol's tokenomics design and smart contract specifications
- **Key fields**: `timestamp` (launch date), `timestamp_grain` (daily), `token_supply_maximum` (100M tokens)

### Final aggregation
- **Combining components**: No combination needed as this uses a single hardcoded configuration
- **Currency conversion**: Not applicable as this represents token units, not USD values
- **Time aggregation**: The `fill_forward` strategy extends the maximum supply value to every day from the launch date onwards, creating a continuous time series
- **Final calculation**: The metric reports 100,000,000 tokens as the maximum supply for every day since November 15, 2021, reflecting that Notional has a fixed token supply cap that does not change over time

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

Notional FinanceNOTE

Maximum token supply

Maximum token supply

Competitive landscape