OpenLeverage to provide real-time notifications on price movements and liquidations with EPNS
The boom of decentralized finance allowed for permissionless trading, listing, and rapid growth of liquidity and volume. Although users have seen a plethora of DeFi applications, even the degen of degens finds it difficult to discover permissionless markets for leveraged trading. Existing decentralized leverage trading platforms provide minimal pairs and market depth. To truly build DeFi’s vision of global financial access, there needs to be a decentralized, permissionless, scalable, secure leverage trading facility that serves the long tail and fast-growing DeFi market.
OpenLeverage is a permissionless margin trading protocol, which enables traders to long or short any trading pair on DEXs efficiently and securely. OpenLeverage Protocol aims to create an entirely permissionless decentralized margin trading infrastructure. Therefore, no permission must be needed to create a margin trading market for any pair.
In order to provide OpenLeverage users better experiences to conduct margin transactions, and understand the changes in positions and make timely moves, OpenLeverage is pleased to cooperate with EPNS to push decentralized notifications.
EPNS send out decentralized notifications in following two circumstances:
- Provide notifications when prices move beyond a certain threshold.
- Provide notifications when your position is about to be liquidated or is approaching liquidation.
About Ethereum Push Notification Service:
Ethereum Push Notification Service (EPNS) is a decentralized notification protocol that enables any smart contracts, dApps or even traditional services to send notifications to wallet addresses, as long as those wallet addresses have opted in to receive them from that particular service.
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