Polkadot-Based DeFi Network Surges Over 80% As New Notification Feature Launches

A decentralized finance (DeFi) protocol based on the interoperable Polkadot (DOT) blockchain is skyrocketing after the launch of a new notification feature.

According to a recent post by the project’s growth manager, the scalable smart contract platform Acala Network (ACA) enables push notifications for users and developers of its DeFi platform.

Acala will implement push notifications from Notifi, a digital infrastructure company that aims to provide personalized interactions and cross-channel communications between Web3 builders and their users.

ÔÇťAcala is very excited to roll out a new kind of integration for the community: push notifications for on-chain events, powered by Notifi.

In the initial phase of Notifi’s wallet-based notifications implementation, Acala users will now benefit from streamlined communications from the “Notifi Hub” and get real-time updates on different wallet activities such as governance proposals, transactions and balance changes.

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

“This is just the start of a long-term integration roadmap with Notifi – Phase 2 of our implementation will also add the Notifi SDK [software development kit] in the Acala applications user interface [user interface] to enable extended notification services such as CDP [customer data platform] vault health (liquidation alerts), asset price alerts, liquid staking reward alerts, and more.

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

ACA has since retraced and changed hands for $0.162 at the time of writing.

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