Following the introduction of a new notification function, a decentralized finance (DeFi) protocol built on the symbiotic Polkadot (DOT) blockchain is experiencing explosive growth.
The scalable smart contract platform Acala Network (ACA) is providing push alerts for users and developers of its DeFi platform, according to a recent blog written by the project’s chief growth officer.
The digital infrastructure company Notifi, which aims to provide individualized interactions and cross-chain communications between Web3 builders and their users, will be used by Acala to implement push notifications.
“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.”
According to Acala, the DOT-based DeFi protocol’s users and developers will eventually get new kinds 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.”
After hearing about the innovation, Acala’s native asset shot up 84% in just 24 hours, from a low of $0.11 to a high of $0.203.
Since then, ACA has reversed course and is currently trading for $0.162.
