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.

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check Price Action

follow us on TwitterFacebook and Telegram

Surf the Daily Hodl Mix

Check the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/ktsdesign

Leave a Comment