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Earlier this year, Alpaca Finance integrated a notification protocol. This integration has been very helpful to DeFi users, especially those who use Alpaca Finance.
Alpaca users can now set up “Position Health” notifications that alert when the safety buffer for leveraged positions falls below a specified threshold. In this way, users can monitor their leveraged positions 24/7 without worrying about missing notifications.
Depending on the alerts issued, users can take immediate action, such as adding collateral to mitigate clearing in the event of an alert with a low safety buffer.
The Open DeFi Notification Protocol is a community-led initiative developed by defi.org. Provides users with free decentralized mobile notifications of on-chain events that occur. The protocol is supplied by the Orbs network.
The Defi notification protocol is completely open. That is, anyone can provide new notifications. All you have to do is implement a simple JavaScriptweb3 class that is responsible for extracting notifications from the data on the chain.
The protocol includes an app called the OpenDeFi Notification Protocol App that is available on both Google Play and the Apple App Store.
Alpaca Finance is Binance Smart Chain (BSC)’s largest financing protocol for leveraged yield farming (LYF). The total locked value (TVL) is $ 800 million.
Alpaca borrowers can take advantage of a secured loan in a leveraged yield farming position. Loans allow users to increase their asset base and ultimately yields.
However, opening a leveraged yield farming position involves certain risks, especially the risk of liquidation. Therefore, the borrower needs to find a way to ensure that the clearing threshold, which triggers automatic clearing, closes all positions in order to repay the debt.
Alpaca calculates the safety buffer for a customer’s entered position and shows how close the position is to potential clearing. However, you can’t always see the dashboard, so it doesn’t help much.
That’s where the Open DeFi Notification Protocol integration comes in. The integration now allows Alpaca Finance users to receive real-time notifications related to calculated safety buffers, as well as real-time on-chain events.
After the integration, Alpaca created a notification widget in the portfolio page user interface to allow users to seamlessly set alerts.
In a nutshell, real-time notifications to DeFi users are a must, especially if your money is at stake and there is a possibility of liquidation. With the integrated OpenDeFi Notification protocol in Alpaca Finance, DeFi users will never miss a critical alert.
Earlier this year, Alpaca Finance integrated a notification protocol. This integration has been very helpful to DeFi users, especially those who use Alpaca Finance.
Alpaca users can now set up “Position Health” notifications that alert when the safety buffer for leveraged positions falls below a specified threshold. In this way, users can monitor their leveraged positions 24/7 without worrying about missing notifications.
Depending on the alerts issued, users can take immediate action, such as adding collateral to mitigate clearing in the event of an alert with a low safety buffer.
The Open DeFi Notification Protocol is a community-led initiative developed by defi.org. Provides users with free decentralized mobile notifications of on-chain events that occur. The protocol is supplied by the Orbs network.
The Defi notification protocol is completely open. That is, anyone can provide new notifications. All you have to do is implement a simple JavaScriptweb3 class that is responsible for extracting notifications from the data on the chain.
The protocol includes an app called the OpenDeFi Notification Protocol App that is available on both Google Play and the Apple App Store.
Alpaca Finance is Binance Smart Chain (BSC)’s largest financing protocol for leveraged yield farming (LYF). The total locked value (TVL) is $ 800 million.
Alpaca borrowers can take advantage of a secured loan in a leveraged yield farming position. Loans allow users to increase their asset base and ultimately yields.
However, opening a leveraged yield farming position involves certain risks, especially the risk of liquidation. Therefore, the borrower needs to find a way to ensure that the clearing threshold, which triggers automatic clearing, closes all positions in order to repay the debt.
Alpaca calculates the safety buffer for a customer’s entered position and shows how close the position is to potential clearing. However, you can’t always see the dashboard, so it doesn’t help much.
That’s where the Open DeFi Notification Protocol integration comes in. The integration now allows Alpaca Finance users to receive real-time notifications related to calculated safety buffers, as well as real-time on-chain events.
After the integration, Alpaca created a notification widget in the portfolio page user interface to allow users to seamlessly set alerts.
In a nutshell, real-time notifications to DeFi users are a must, especially if your money is at stake and there is a possibility of liquidation. With the integrated OpenDeFi Notification protocol in Alpaca Finance, DeFi users will never miss a critical alert.
