DeFi on Web 3.0 creates more revenue opportunities

Web 3.0 sounds like an investor’s paradise, but there’s one big problem – Web 3.0 doesn’t have decentralized notifications to provide users with important notifications.

DeFi on Web 3.0 creates more revenue opportunities

Collateralization, liquidity mining, P2P lending – more and more people are migrating from centralized finance to decentralized finance (DeFi) applications (called dApps) and creating a boom in DeFi trading. Since January, the total market value of DeFi dApps has tripled (326%) to $73.9 billion.

The decentralized peer-to-peer network running on the blockchain promises to give users control over their money and data. No technology has had a greater impact on investment markets since electronic quoting systems revolutionized financial exchanges and ultimately sparked the online trading revolution. However, many parts of the Web are still under centralized control.

Web 3.0 is ready to market intermediaries once and for all. deFi was launched on top of the social network Web 2.0, where intermediaries such as middlemen still provided network services and controlled data. dApps and blockchain are now building for Web 3.0, a fully autonomous Web run by artificial intelligence and learning machines, where programmable intelligent agents (such as smart contracts, data prediction, and universal identities) execute the wishes of dApp users.

Web 3.0 sounds like an investor’s paradise, but there is one big problem – Web 3.0 does not have decentralized notifications to provide users with important notifications such as trade signal alerts, margin call notifications, and other critical notifications that affect a user’s earning potential.

Out-of-Control DeFi Notifications
Speaking of notification capabilities, Web 3.0 offers another feature similar to the early days of electronic trading. Back then, brokers sent orders to the exchanges and let them fill them automatically, but they still had to contact customers by phone and eventually email and text message. Retail customers couldn’t keep up with the stock price movements of new personal computer companies like Apple and Microsoft.

In DeFi, brokers are no longer a hindrance. However, investors are still at a disadvantage due to outdated communication methods such as email and social media. This is because important notifications that affect trading decisions, such as price, wallet and ethereum gas price alerts cannot be sent as a function of DeFi dApps themselves.

The lack of an integrated notification system creates trading inefficiencies and trading risks, especially in the DeFi market where prices and gas prices are highly volatile. A real-time continuous flow of information provides an important trading advantage and risk management tool.

Notification confusion and scammers
As DeFi grows into a large ecosystem of interoperable dApps, more cross-DeFi profit opportunities will be created, but imperfect notification systems also pose additional risks. Notification streams from multi-asset wallets and the single dApps running them are becoming super-crowded with apps that aggregate services and information from Uniswaps, Compounds and Kybers. Frequent complaints on social media include:

When a trader connects a dApp to a wallet, the transaction confirmation window does not appear during the exchange.

Lack of changes in loan collateral ratios can lead to severe liquidity losses.

Time-sensitive market signals such as large whale activity or liquidity are ignored because they are sent to social media when it is too late to act.

Worryingly, scammers are taking advantage of these notification confusions. They are inserting links to fake wallet addresses, asking for seed phrases to pop up during a trade or pop-ups directing traders to invest in other assets, often from a supposed influencer.

DeFi dApps remedied this by offering more than a dozen different ways to receive notifications, including email, SMS, browser and push notifications, Twitter, Telegram, and even a phone option. Even so, traders complain that the notifications get lost in the social media vortex, don’t work on X or Y wallets, and, even worse, margin call notifications have made their way to the spam folder.

EPNS – Never Miss a Revenue Opportunity with DeFi
Uniswap, PoolTogether and SuperFluid are examples of Web 3.0 supportable DeFi platforms have invested in introducing decentralized notification services to Web 3.0 services to ensure their users can fully benefit from an open, permissionless network. All three DeFi protocols use the Ethernet Push Notification Service (EPNS) in a pilot project. EPNS provides a blockchain agnostic decentralized middleware messaging solution for any dApp, smart contract or Web 3.0 service, filling the gap of push notifications in the Web 3.0 infrastructure. Our secure solution puts all communications in a single wallet interface for DeFi users.

Examples of how EPNS pushes important information to users include:

Uniswap – Liquidity protocol users can receive notifications from their wallets, such as transaction approvals, gas costs and infrequent losses. dApps and users can both customize notifications, including content and recipients.

Superfluid – Cash flow protocol uses EPNS to alert users of subscriptions, crypto wages, rewards and other stream payments for re-payments.

PoolTogether – Lossless Bonus Savings Protocol, Gamification Savings uses EPNS to notify users of bonus pool rewards at DAI, USDC, COMP, and UNI.

Keep DeFi activity in sync with Web3 to get the full potential of Web3 interconnection and intelligence as easy as downloading the EPNS app on IOS or Android, or integrating a favorite wallet with EPNS for use. Streamlining and protecting our push notifications not only allows us to seize the moment, but also to execute revenue more efficiently. In addition to missed messages, research has shown that recipients of high frequency push notifications are slower to respond and have higher error rates.

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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