TrueFi is set to give support to decentralized notifications using Ethereum Push Notification Service.
A lot of innovations take place on the DeFi space every day and due to the strength of Ethereum, more innovations are brought up with great speed giving more persons great opportunity to get involved.
Collateralized and uncollateralized loans have brought the attention of various types of players to the DeFi space.
TrueFi is one team that is greatly noticed for trajectory building of cutting-edge products for Web3 and its collaboration will aid to refine the EPNS protocol to create long-lasting, decentralized notifications.
This pilot program with TrueFi will involve:
Creating a standard for the TrueFi platform which will enable sending notifications based on predefined thresholds and conditions.
For borrowers: They will be notified close to when rates are changing and also when their existing loans are coming due
For stakers and lenders: Creating a communication channel to inform token holders of new loan requests that require voting and provide stakers with a fast and efficient way to go to the app and vote for/against a loan.
Working with the TrueFi team to enable technical discussion towards building the decentralized communication layer that is scalable and powerful.
TrueFi is indeed a great innovation in the DeFi space that seems to gain the attention of key players in the industry and institutions as borrowers are seeking to secure long term loans with high value.This partnership a great dear for DeFi
TrueFi is a DeFi Protocol for on-chain, unsecured lending, which allows earning high yields on stablecoin loans and borrowing capital without collateral. You can stay in touch with TrueFi on Twitter and Discord.
About Ethereum Push Notification Service
EPNS is a decentralized notification protocol that enables users (wallet addresses) to receive notifications. Using the protocol, any dApp, service or smart contract can send notifications to users in a platform-agnostic fashion (mobile, tablet, web, user wallets, etc).