Notional and Open DeFi Notification
Notional and Open DeFi Notification partnership were announced recently. The Open DeFi Notifications Protocol has integrated Notional, one of the leading lending protocols on Ethereum with over $100M in TVL.
Notional users can now sleep better knowing that their positions are monitored 24/7. In addition, they will receive real-time notifications to help them manage their risk.
The Open DeFi Notification Protocol App is available on both Apple AppStore and Google Play.
The Open DeFi Notification Protocol by defi.org is a community-led initiative to provide users with decentralized and free mobile notifications for on-chain events.
The Best Way to Monitor Your Loaned Assets
Notional is a protocol on Ethereum that facilitates fixed-rate, fixed-term crypto asset lending and borrowing.
Notional users can borrow assets on the platform at a fixed rate by posting collateral such as ETH. The interest rate will depend on the chosen loan maturity date. As the loan approaches maturity, the borrower can either repay the loan or roll it forward to a future maturity.
Using the Open DeFi Notification Protocol, Notional users can set up a “Debt Settlement” notification which will issue an alert when your borrowed assets are close to maturity. In this way, users have 24/7 monitoring of their position status and can take the necessary actions to manage their open loans and avoid liquidation.
A Notification Standard for Leading DeFi Projects
The Open DeFi Notification Protocol is an open initiative to provide users with decentralized and free mobile notifications for on-chain events.
Notional joins other top DeFi lending protocols, such as Aave, Venus, and Alpaca Finance, supported by the Open DeFi Notification app, with liquidation risk notifications being one of the most popular use cases by the app users.
The Open DeFi Notification Protocol is an open-source project allowing anyone to contribute and integrate notifications. With a quick and simple integration on Github, developers can provide free mobile notifications for any DeFi project for important events. Accumulated pending rewards, price swings, near liquidations, stop loss, contract upgrades, new governance votes, and more.
The Protocol has been implemented fully by the Orbs network and will be executed by the Orbs Guardians, making this the 1st fully decentralized implementation of a notification protocol.
ABOUT DeFi.org
The Open DeFi Notification Protocol is an open-source project allowing anyone to contribute and integrate notifications.
ABOUT Notional
Notional is a community-owned and governed protocol supported by the Notional Finance Foundation.
ABOUT Orbs Network
Orbs is an open, decentralized, and public blockchain infrastructure. Executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.
