Trade like a pro with the Open DeFi notification protocol

Supports DeFi dapps on Ethereum, Polygon, BNB Chain, Fantom, and Avalanche The DeFi Open Notification Protocol is a community-driven initiative that provides DeFi users with free, decentralized mobile notifications for their on-chain DeFi events. You can send alerts on stop-loss, price movement, TVL changes, contract updates, and more to help users get an edge. Summary…


Supports DeFi dapps on Ethereum, Polygon, BNB Chain, Fantom, and Avalanche

The DeFi Open Notification Protocol is a community-driven initiative that provides DeFi users with free, decentralized mobile notifications for their on-chain DeFi events. You can send alerts on stop-loss, price movement, TVL changes, contract updates, and more to help users get an edge.

Summary

  • Powered by Orbs, the Open DeFi Notification Protocol allows DeFi users to stay up to date with the latest market updates.
  • The protocol supports DeFi projects on Ethereum, Polygon, BNB Chain, Fantom, and Avalanche.
  • It has features such as being mobile friendly, free to use, community driven, etc.

2022 has been a rough year for cryptocurrencies, with a bear market showing no end. Since reaching an all-time high total value locked (TVL) of $190 billion in mid-November 2021, the DeFi sector has fallen below $100 billion at the time of writing.

However, it is unfair to emphasize the fragility and bubbles of this industry because the importance of DeFi is obvious. By creating a trustless and permissionless financial market, DeFi will not only remain, but also continue to evolve to change people’s financial activities. Therefore, rational investors who believe in a decentralized future choose to wisely prepare for the bear market until the market improves.

When dealing with the complexity of the DeFi world, one thing to keep in mind is not to let the flood of information overwhelm you. How to achieve this? Many have turned to the DeFi Open Notification Protocol for help. The protocol informs users of important on-chain DeFi events at no cost, in a timely manner.

What is the DeFi Open Notification Protocol?

Open DeFi Notification Protocol is a decentralized, community-driven, mobile-friendly notification tool for on-chain DeFi events. The project is powered by Orbs, which helps implement the protocol and contributes to the integration of many well-known DeFi projects, such as Sushi and Aave.

DeFi has disrupted the traditional financial system by replacing intermediaries with peer-to-peer networks and allowing the public to access various digital assets. However, since the crypto market is trading 24/7 on a huge number of tokens, it is a challenge to keep up with everything all the time. Additionally, volatility is another challenge that could cause significant losses, especially when users do not act promptly during a sudden drop in collateral value.

The DeFi Open Notification Protocol offers users a reliable way to receive alerts about different changes in the market. Thanks to the transparency and open source of DeFi protocols and dapps, the DeFi Open Reporting Protocol is able to access all data, process it, and turn it into useful information.

What is special about the DeFi Open Notification Protocol?

In the rapidly changing world of DeFi, even the most experienced users can miss critical information. Whereas with the DeFi Open Notification Protocol, even newbies can stay on top of market movements all the time.

Free and easy to use

The Open DeFi notification protocol is available on both iOS and Android. Users can set up various notifications, all to enable better control over user assets and limit risk exposure. These include alerts on stop-loss, price movement, TVL changes, contract updates, etc. Most importantly, this must-have tool for DeFi users is free to use. No subscription, no ads.

Multi-network support

The Open Defi notification network currently supports Ethereum, Polygon, BSC, Fantom, and Avalanche. Thanks to an agnostic approach when expanding its ecosystem, the protocol can be integrated with any ecosystem that wishes to connect. As a result, it can empower all DeFi users regardless of their choice of network.

Community-driven and open

Open DeFi Notification Protocol allows any developer to contribute code, any project to integrate, and any validator to help run nodes. Incorporating a new DeFi project into the protocol is extremely easy.

Because anyone can contribute, the Open DeFi Notification Protocol does not require the project development team to implement the integration. So even a member of the community can make this happen. All you need is to implement a simple JavaScript web3 class that extracts the notification from the string data. This class is then contributed via public relations to the Github protocol repository.

final thoughts

Although the return is promising, drowning in the sheer amount of information can make investing in DeFi frustrating. A real-time DeFi event notification tool can be a game changer for the better.

Furthermore, users do not need to worry about an even more complicated DeFi landscape in the future. Orbs designed The Open DeFi Notification Protocol with scalability and flexibility at its core. As a result, the protocol is ready to integrate with any future DeFi protocols and can introduce additional notifications as long as they are relevant to user preferences.

The DeFi Open Notification Protocol strives to build a dynamic ecosystem to benefit all types of users. The platform launched a new $100,000 developer grant in collaboration with DappRadar, aiming to support the ambitions and bright ideas of developers. Developers can find all the details here.

Learn more about orbs and the Open DeFi notification protocol:

orbs website

DeFi Open Notification Protocol

Twitter

Discord

Disclaimer — This is a sponsored article. DappRadar does not endorse any content or products on this page. DappRadar aims to provide accurate information, but readers should always do their own research before acting. DappRadar articles cannot be considered investment advice.


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