03 Dec 2022
More than 80% Growth in the Polkadot-Based DeFi Network Due to a New Notification Function
Following the introduction of a new notification feature, interest in Polkadot (DOT), a decentralized finance (DeFi) protocol built on the interoperable blockchain, has skyrocketed.
Acala Network (ACA), a scalable smart contract platform, enables push notifications for users and developers on its DeFi platform, as stated in a recent article written by the project's chief growth officer. Notifi, a digital infrastructure company whose mission is to provide Web3 developers with personalized interactions and cross-chain communications, will power these push notifications that Acala will offer its users.
“Acala is very excited to roll out a new type of integration for the community – push notifications for on-chain events, powered by Notifi. In the initial phase of the implementation of Notifi’s wallet-based notifications, Acala users will now benefit from streamlined communications of the ‘Notifi Hub’ and get real-time updates on different wallet activities such as governance proposals, transactions, and balance changes.”
According to Acala, the DOT-based DeFi protocol's users and developers will be able to receive new types of notifications in the future.
“This is only the beginning of a long-term integration roadmap with Notifi – Phase 2 of our implementation will also add Notifi’s SDK [software development kit] into the Acala Apps UI [user interface] to allow expanded notification services such as CDP [customer data platform] vault health (liquidation alerts), asset price alerts, liquid staking reward alerts, and more.”
Acala's native asset soared after the announcement of the new feature, with a 24-hour range of $0.11 to $0.203, an increase of 84%.
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