Orbs Network, in collaboration with the decentralized finance (DeFi) accelerator DeFi.org, is launching the Open DeFi Notification protocol. The protocol has officially entered public beta, and users can access it on Apple and iOS devices.
The DeFi.org Accelerator was launched by leading crypto exchange Binance and Israeli company Orbs to support the research and development of open-source software and drive the DeFi ecosystem forward.
The technology for the new protocol is powered by Orbs to help users acquire free mobile notifications for crucial on-chain events. The Open DeFi Notification Protocol is multi-chain and already supports several networks, including Ethereum, Binance Smart Chain (BSC), Polygon, and Avalanche.
The DeFi ecosystem grew to amass a record $258 billion in 2021, with new projects popping up every other day.
Now, these DeFi projects can leverage Open DeFi Notification technology to increase awareness about their offerings as well as price changes, near liquidations, stop-loss limits, accumulated pending rewards, contract upgrades, governance votes, and other information that needs to be communicated to the users.
Additionally, the Open DeFi Notification Protocol accommodates various functionalities, including DEX-AMMs, yield aggregators, vaults, and more. The infrastructure layer of the protocol, which is capable of reading underpinning Layer-1 and Layer-2 networks, provides DeFi users with crucial information to enhance their strategies.
Thanks to being cross-chain, the protocol can be easily integrated across multiple blockchains as a result, various top DeFi protocols are seeking integration into the mobile application.
Several projects including QuickSwap, Trader Joe, Dot.Finance, Dinoswap, Revault Network, WOWswap, and KogeFarm have already joined as launch partners.
Orbs will be the first project to implement the new protocol. With the Open DeFi Notification Protocol, Orbs is pushing the boundaries of layer-3 innovation.
The Orbs protocol is a public blockchain infrastructure that uses Proof-of-Stake (PoS) consensus. Founded in 2017 and operating since 2019, the network is powered by ORBS token.
It is designed for mass usage applications and allows for close integration with EVM-based L1 and L2’s such as Ethereum, Binance Smart Chain (BSC), Avalanche, and Polygon while offering developers a proper mix of performance, ease of use, cost, and security.
Furthermore, its interoperability design coupled with its decentralized network of nodes gives it the ability to be deployed as a Layer -3 solution, acting as a separate execution layer, enhancing the capabilities of EVM smart contracts.
Login 
2022-01-25 16:34:30
