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

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

2022-12-03No Comments2 Mins Read
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A decentralized finance (DeFi) protocol based mostly on the interoperable blockchain Polkadot (DOT) is skyrocketing after launching a brand new notification function.

In keeping with a latest article penned by the undertaking’s chief development 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 customized interactions and cross-chain communications between Web3 builders and their customers.

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

Within the preliminary part 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 totally different pockets actions akin to governance proposals, transactions, and steadiness modifications.”

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

“That is solely the start of a long-term integration roadmap with Notifi – Section 2 of our implementation may even add Notifi’s SDK [software development kit] into the Acala Apps UI [user interface] to permit expanded notification providers akin to CDP [customer data platform] vault well being (liquidation alerts), asset worth 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 arms for $0.162 at time of writing.

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