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

Decentralized finance (DeFi) protocols based on the interoperable blockchain Polkadot (DOT) are proliferating after launching a new notification feature.

According to recent information paper Acala Network (ACA), a scalable smart contract platform created by the project’s chief growth officer, is enabling push notifications for DeFi platform users and developers.

Acala implements push notifications from Notifi. Notifi is a digital infrastructure company aimed at providing personalized interactions and cross-chain communication between Web3 builders and their users.

Acala is very excited to roll out a new type of integration for the community push notifications of on-chain events powered by Notifi.

In the early stages of implementing Notifi’s wallet-based notifications, Acala users will benefit from streamlined communications on the “Notifi Hub”, providing real-time updates on various wallet activities, including governance suggestions, transactions, and balance changes. can be obtained.

Acala says users and developers of DOT-based DeFi protocols will eventually receive additional types of notifications.

This is just the beginning of our long-term integration roadmap with Notifi. Phase 2 of our implementation will also add Notifis SDK. [software development kit] In the Acala Apps UI [user interface] Allow extended notification services such as CDP [customer data platform] Vault health (liquidation alerts), asset price alerts, liquid staking reward alerts, and more.

The news of the feature sent Acala’s native asset skyrocket, rising from a 24-hour low of $0.11 to a high of $0.203, a staggering 84% increase.

ACA has since returned and changed hands at $0.162 at the time of this writing.

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