Analysis

Polkadot-Based DeFi Network Surges by More Than 80% Amid the Launch of a New Notification Feature

A decentralized finance (DeFi) protocol based mostly on the interoperable blockchain Polkadot (DOT) is skyrocketing after launching a brand new notification function.

In line with a current article penned by the mission’s chief progress officer, the scalable good contract platform Acala Community (ACA) is enabling push notifications for customers and builders of its DeFi platform.

Acala will implement push notifications from Notifi, a digital infrastructure agency that goals to ship personalised interactions and cross-chain communications between Web3 builders and their customers.

“Acala may be very excited to roll out a brand new kind of integration for the neighborhood – push notifications for on-chain occasions, powered by Notifi.

Within the preliminary section of the implementation of Notifi’s wallet-based notifications, Acala customers will now profit from streamlined communications of the ‘Notifi Hub’ and get real-time updates on completely different pockets actions corresponding to governance proposals, transactions, and stability modifications.”

Acala says that customers and builders of the DOT-based DeFi protocol will ultimately obtain extra sorts of notifications.

“That is solely the start of a long-term integration roadmap with Notifi – Part 2 of our implementation will even add Notifi’s SDK [software development kit] into the Acala Apps UI [user interface] to permit expanded notification companies corresponding to CDP [customer data platform] vault well being (liquidation alerts), asset value alerts, liquid staking reward alerts, and extra.”

Information of the function despatched Acala’s native asset flying, going from a 24-hour low of $0.11 to a peak of $0.203, a staggering 84% enhance.

ACA has retraced since and is altering fingers for $0.162 at time of writing.

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