Top DeFi Projects Join the Orbs Network-Powered Open DeFi Notification Protocol By CoinQuora

Top DeFi Projects Join the Orbs Network-Powered Open DeFi Notification Protocol

  • The Open DeFi Notification protocol entered the public beta phase.
  • It provides users with decentralized and free mobile notifications for DeFi positions.
  • The new technology is powered by Orbs.

The new Open DeFi Notification protocol has entered the public beta phase and can be accessed on Apple (NASDAQ:) and iOS devices. The app is free to use with no subscription fees or ads involved.

It is an open initiative to provide users with decentralized and free mobile notifications for your DeFi positions and other on-chain events. The protocol offers multi-network support covering major blockchains like , BSC, Polygon, and .

Popular DeFi projects QuickSwap, an AMM on Polygon, and a one-stop decentralized trading platform on the Avalanche network Trader Joe, are the launch partners. Dot.Finance, Dinoswap, Revault Network, WOWswap, and KogeFarm are other DeFi projects taking advantage of this technology to increase awareness of their offerings.

The technology of the project is powered by Orbs, which together with DeFi.org, a decentralized finance (DeFi) accelerator created by the largest crypto exchange Binance and the Israeli company Orbs, has launched the protocol. DeFi.org supports the research and development of open-source software and looks for projects that will help drive the DeFi ecosystem forward. By being the infrastructure provider for the new Open DeFi Notification protocol, Orbs is ushering in the next era of decentralized finance.

Orbs is a public blockchain infrastructure designed for close integration with EVM-based L1 and L2’s and mass usage applications. Its blockchain stack offers ease of use, low cost, high performance, and robust security. The Orbs protocol is a decentralized blockchain using the Proof-of-Stake (PoS) consensus, which is powered by the ORBS token. Developed by a dedicated team of over 30 people from all over the globe, the Orbs network has been live since March 2019.

Its unique features designed for interoperability enable it to give it the ability to be deployed as a Layer -3 solution, acting as a separate execution layer, enhancing the capabilities of EVM smart contracts.

“Orbs is proud to be the first project to implement this new protocol and contribute to the growing success of the initiative under the DeFi.org banner,” said the company in a statement. With this new project, Orbs aims to take the innovation of Layer 3 forward.

The Open DeFi Notification protocol helps users get free mobile notifications for important on-chain events such as accumulated pending rewards, price changes, near liquidations, contract upgrades, stop-loss limits, governance votes, and more.

Being capable of reading various activities on underpinning Layer-1 and Layer-2 networks helps with providing DeFi users crucial information to enhance their strategies.

Besides having cross-chain properties, which makes it easy to integrate protocols across multiple blockchains, the Protocol accommodates various functionalities, including DEX-AMMs, yield aggregators, and vaults.

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