Fixed-rate lending protocol Notional announced that the deprecation of Notional V2 has entered the final stage and is expected to be completely deprecated by the end of July, with all current V2 users switching to V3. The next few weeks are arranged as follows:
For borrowers:
There are still some remaining borrowers on V2. If users still have borrowing positions, they will be able to repay their debts and remove collateral from Notional V2 in the next two weeks. If they cannot repay their debts before July 1, their debt positions will be switched to Notional V3;
For liquidity providers (LPs):
Before July 8, LPs can withdraw normally through the Notional V2 UI. After July 8, the remaining LPs will be switched to Notional V3;
For fixed-rate lenders:
Users holding expired fixed-rate loan positions will be switched to V3 along with LPs. This will provide them with a variable-rate loan position on V3, and the position can be accessed using the same address used on Notional V2;
Users holding fixed-rate loan positions that have not yet expired need to hold the position until it expires before they can withdraw. Upon expiration, users will have two weeks to withdraw funds from Notional V2 until the automatic switch to Notional V3 occurs and Notional V2 is fully deprecated.