Moreover, LEVEL has facilitated over $18 billion in trading volume and accrued over $23M in protocol revenue in just 5 months since launching, marking it the most successfully launched perpetual exchange in DeFi.

LEVEL users can now set up ‘limit order executed’ and ‘liquidation’ notifications to provide 24/7 monitoring of trades.

The Open DeFi Notification Protocol App is available on the 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 Open Positions

When trading with leverage on LEVEL, users must be conscious of liquidation risks. It happens when an open trade position cannot cover the margin fee ($5) or is lower than the maintenance margin (1% of Position Size) which will result in liquidation. Thus, users currently must wait at their computers to know their order’s liquidation status.

Additionally, when trading with Limit Orders on LEVEL, tracking and knowing if an order has been filled can be cumbersome without being present on the webpage.

Using the Open DeFi Notification Protocol, LEVEL users can set up “Limit Order Executed” and “Liquidation” notifications. This will issue an alert when a trader’s position is liquidated, or their limit order has been filled. In this way, users have 24/7 monitoring of their position status and can take immediate action.

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.

The addition of LEVEL makes for an impressive lineup of leading DeFi projects which have already been integrated into the Open DeFi Notification app for the benefit of their users. It includes Aave, Uniswap, SushiSwap, QuickSwap, PancakeSwap, and more…

The app supports over 30 protocols across 7 networks: Ethereum, BSC, Polygon, Fantom, Cronos, Avalanche, and Arbitrum!

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

DeFi.org is a community of thought leaders in the field of decentralized finance (DeFi). The community is led by the Orbs Network. Together with a consortium of market leaders in the blockchain and cryptocurrency industry to collaborate and advance the cause of DeFi innovation.

Website | Twitter

RESOURCES

Orbs Network

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The Best Way to Monitor Your Loaned Assets

Frax is one of the largest algorithmic stablecoin protocols on the Ethereum network, with their stablecoin, $FRAX, additionally implemented on 12 other chains. The decentralized protocol allows users to help stabilize $FRAX, earn yield, swap, and lend on their all-in-one platform.

To borrow on Frax, borrowers must post collateral. Taking collateralized loans carries certain risks, primarily the risk of liquidation. Borrowers need to ensure they do not cross their borrowing limit, which can trigger the liquidation of their collateral.

The Use Of Open DeFi Notification Protocol
Courtesy of Orbs Network

Using the Open DeFi Notification Protocol, Frax users can set up a “Position Health” notification. It will issue an alert when your position gets close to your specified Loan-to-value ratio (LTV). In this way, users have 24/7 monitoring of their position status and can take immediate action to mitigate the risk of liquidation.

In addition to this, Frax farmers can set up a “Pending Reward” notification which will notify the user when there are enough rewards in the veFXS pool to claim.

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.

Frax joins other top DeFi lending protocols, such as Aave, Venus, and Alpaca Finance. Supported by the Open DeFi Notification app, liquidation risk notifications are one of the most popular use cases by app users.

The addition of Frax makes for an impressive lineup of leading DeFi projects who have already been integrated into the Open DeFi Notification app. For the benefit of their users, it includes Aave, Uniswap, SushiSwap, QuickSwap, PancakeSwap, and more.

All in all, the app supports over 20 protocols across 6 networks: Ethereum, BSC, Polygon, Fantom, Cronos, and Avalanche.

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.

Note: The Open DeFi Notification Protocol is a beta version that is still under active development, and all underlying digital assets, blockchain networks, and DeFi platforms.

ABOUT Frax Finance

The Frax Protocol introduced the world to the concept of cryptocurrency. Being partially supports by collateral and partially stabilized algorithmically. With the vision to create highly scalable, decentralized money in place of fixed-supply digital assets like BTC.

Website | Twitter

About DeFi.org

DeFi.org is a community of thought leaders in the field of decentralized finance (DeFi). The community is led by the Orbs Network. Together with a consortium of market leaders in the blockchain and cryptocurrency industry. Collaborate and advance the cause of DeFi innovation.

Website | Twitter

RESOURCES

Orbs Network

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Single Finance users can now farm more effectively. Knowing their position status at all times. By receiving instant alerts around the clock if their position is liquidated or their stop-loss has been hit. As DeFi Notifications now supports Single Finance.

The Best Way to Monitor Your Farms

Single finance users can perform leveraged yield farming on the platform with undercollateralized loans, including Market Neutral Strategies and leveraged long/short farming. The interest rate will depend on the amount borrowed and the utilization rate of the pool. As crypto markets are volatile, the borrower can set up a stop-loss to protect their capital. Upon capital protection, Single Finance’s Bot automatically closes the farming position and converts all assets to USDC. If the borrower does not set up a stop-loss, they run the risk of liquidation, in which they’re forced to sell their holdings to repay their borrowed funds.

Using the Open DeFi Notification Protocol, Single Finance users can set up a “Position Stop-loss/Liquidate” notification. This will issue an alert when traders positions are either liquidated or reach their stop-loss. In this way, users have 24/7 monitoring of their leveraged farm’s status and can take the necessary actions to manage them as market conditions change.

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About Single Finance

Single Finance is a super intuitive platform to all your DeFi investments minimizing correlations to the general market. 

Their platform not only opens positions for users, but also monitors the ever-changing market situations and utilizes bots in its ecosystem to execute pre-configured strategies.

Website | Twitter

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About Open DeFi Notification Protocol

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. Like accumulated pending rewards, price swings, near liquidations, stop loss, contract upgrades, new governance votes and more.

Website | Twitter

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SOURCE: ORBS NETWORK BLOG

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Trader Joe, has been integrated by the Open DeFi Notifications Protocol to provide its users with free mobile notification for on-chain events. In addition, DeFi Notification and Trader Joe Integration, Trader Joe has been a launch partner for the Notifications app release.

The Open DeFi Notification Protocol App is now available on both Apple AppStore and Google Play.

DeFi Notification Protocol, bY defi.org powered by the Orbs network

Real-time Notifications For On-chain Events

The Open DeFi Notification provides users with free and dependable mobile notifications for on-chain events in order to optimize their DeFi trading strategies and help them manage their risk. The Notification app may monitor awards for supplying liquidity, set up stop-loss notifications, and more.

There are currently three types of Notifications available for Trader Joe:

1. Borrow Limit — Account Health: Set up a custom threshold notification to monitor your borrowing health when engaging in lending/borrowing on Banker Joe.
2. Position Worth: Get notified when your $JOE farming or staking rewards are above a specified threshold.
3. Rocket Joe Launch: Get notified when a new Rocket Joe launch event has been created.

Trader Joe joins Aave, Uniswap, SushiSwap, Venus, PancakeSwap, and others in integrating the Notification app for its consumers.

All in all, the app supports 20 protocols across five networks: Ethereum, BSC, Polygon, Avalanche and Fantom!

About Trader Joe

A decentralized trading platform that is unique to the Avalanche blockchain, Trader Joe is a one-stop-shop for all of your trading needs. Trader Joe builds fast, securely and aims to serve the community at the frontier of DeFi.

Website | Twitter

About DeFi Notification

The Open DeFi Notification Protocol by defi.org is a free-for-use, community led initiative to provide users with decentralized and free mobile notifications for on-chain events. The Open DeFi Notification Protocol is powered by the Orbs network and will be executed by its decentralized network of independent nodes, known as the Orbs Guardians.

Website | Twitter

SOURCE:

https://medium.com/@defiorg/the-open-defi-notification-protocol-spotlight-trader-joe-e826b5c841d3

The post DeFi Notification and Trader Joe Integration appeared first on Smart Liquidity Research.

Aave users can now sleep better knowing that their positions are monitored 24/7 and that they will receive real-time notifications to help them manage their risk. As OpenDefi Notification Protocol now supports Aave.

• The Open DeFi Notification Protocol has added support for Aave.
• Aave users can now set up “Position Health” notification which will issue an alert when your position gets close to liquidation.
• In this way, Aave users can monitor their positions 24/7 for optimal risk management.
• DeFi.org & DappRadar launch $100k developers grant for the Open DeFi Notification Protocol.
• The Protocol has been implemented fully by the Orbs network, making it the first fully decentralized implementation of a notification protocol.

The Best Way to Monitor Your Loaned Assets

Aave is the largest lending & borrowing protocol on the Ethereum network, available also on many other major chains, including: Polygon, Avalanche, Fantom, and more… Aave is a decentralized lending Protocol that allows users to lend, borrow and earn interest on crypto assets, for various activities and strategies across the DeFi space.

The addition of Aave makes for an impressive lineup of leading DeFi projects who have already been integrated into the Open DeFi Notification app for the benefit of their users, including among others: Aave, Uniswap, SushiSwap, QuickSwap, PancakeSwap and more…

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About Aave

Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

Website | Twitter

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About Open Defi Notification Protocol

Helping bootstrap new projects and DeFi protocols, built on the following principles:

• Fair distribution, no early access or pre-mine
• Community ownership and governance early on
• Innovation, but responsible approach to risk
• Economics that make sense and can be sustainable
• Composability and interop with the ecosystem

Website | Twitter

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SOURCE

https://medium.com/@defiorg/the-open-defi-notification-protocol-now-supports-aave-c544bdb89ce

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