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Due to the new notification feature, the Polkadot-Based DeFi Network has Increased by More Than 80%.

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coinnounce.com 05 December 2022 07:39, UTC
  
Reading time: ~2 m

Following the introduction of a new notification function, a decentralized finance (DeFi) protocol built on the symbiotic Polkadot (DOT) (1) blockchain is seeing explosive growth.

What caused this?

According to a recent blog (2) written by the project's chief growth officer, the scalable smart contract platform Acala Network (ACA) is providing push alerts for users and developers of its DeFi platform. The digital infrastructure company Notifi (3), which intends to provide individualized interactions and cross-chain communications between Web3 builders and their users, will be used by Acala to deploy push notifications.

Image source: Tradingview.com

Push notifications for on-chain events, driven by Notifi, are a new integration that Acala is eager to introduce to the community. When implementing the earliest stages, Users of Acala will now gain from simplified communications of the "Notifi Hub" and receive real-time alerts on various wallet operations such as governance proposals, transactions, and balance changes thanks to Notifi's wallet-based notifications.

What could the future hold?

According to Acala (4), the DOT-based DeFi protocol's consumers and developers would soon get new messages. This is just the start of a long-term integration roadmap with Notifi. Phase 2 of our implementation will also incorporate Notifi's SDK into the Acala Apps UI to enable expanded notification services like CDP vault health (liquidation alerts), asset price alerts, liquid staking reward alerts, and more. After hearing about the innovation, Acala's native asset shot up 84% in just 24 hours, from a low of $0.11 to a high of $0.203.Since then, ACA has reversed course and is currently trading at $0.162.


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