A decentralized finance (DeFi) protocol based on the interoperable blockchain Polkadot (DOT) is skyrocketing after launching a new notification feature.
According to a recent article penned by the project’s chief growth officer, the scalable smart contract platform Acala Network (ACA) is enabling push notifications for users and developers of its DeFi platform.
Acala will implement push notifications from Notifi, a digital infrastructure firm that aims to deliver personalized interactions and cross-chain communications between Web3 builders and their users.
“Acala is very excited to roll out a new type of integration for the community – push notifications for on-chain events, powered by Notifi.
In the initial phase of the implementation of Notifi’s wallet-based notifications, Acala users will now benefit from streamlined communications of the ‘Notifi Hub’ and get real-time updates on different wallet activities such as governance proposals, transactions, and balance changes.”
Acala says that users and developers of the DOT-based DeFi protocol will eventually receive additional types of notifications.
“This is only the beginning of a long-term integration roadmap with Notifi – Phase 2 of our implementation will also add Notifi’s SDK [software development kit] into the Acala Apps UI [user interface] to allow expanded 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 flying, going from a 24-hour low of $0.11 to a peak of $0.203, a staggering 84% increase.
ACA has retraced since and is changing hands for $0.162 at time of writing.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/ktsdesign