EPNS has excitedly announced the beginning of a pilot program to deliver decentralized push notifications to EasyFi’s lending model, demonstrating the value of a decentralized communication layer in the rapidly developing DeFi lending markets.

EasyFi is a multi-chain lending protocol for digital assets that uses the Polygon Layer 2 solution to give access to structured loan products that is quicker, scalable, and low cost.

Over one billion dollars in interest has been generated in DeFi lending markets, thanks to innovative lending protocols like EasyFi. Lenders and borrowers have easy access to liquidity through permissionless lending, however users on such DeFi platforms pose a danger to their money owing to a lack of adequate information from the platforms regarding every transaction, activity, or event that occurs there.
So, whether it’s a change in interest rates that might result in a low-yield, or a danger of liquidation of supplied collateral owing to a rapid drop in asset price, early interventions will go a long way toward providing a user on a lending protocol trust.

Timely and effective communication mechanisms are, of course, at the heart of matching borrowers and lenders at the best interest rates for both sides. Managing loan and liquidation, on the other hand, need communications from different platforms, and there is no single messaging service.

Decentralized push notifications are an important component that will help improve services and user acceptance. Users of the DeFi lending platform rely heavily on notification services to enable loan services, such as:

Loan liquidation alerts
Changes in interest rates
Collateralization ratios and liquidation alerts
Governance-related notifications, and more.

As a result, a push notification service would eliminate the fear of the unknown, allowing all platform users to receive and act on crucial loan notifications in real-time while maintaining data privacy as users engage with internal and external data sources.

The EPNS decentralized push notification service provides timely alerts to investors’ wallets through a single point of connection. All notifications are delivered to the user’s wallet, where they may act right away. EPNS is the first native, on-chain notification service that sends all critical, time-sensitive data to a user’s wallet.

Conclusively, decentralized alerts will deliver real-time data to a single wallet, allowing all users to respond quickly. Lenders and borrowers may compare interest rates and fees across loan platforms to get the best deal. Meanwhile, all users may continue to function inside EasyFi’s multi-chain lending environment, which is private and safe, without having to deal with the hassles of integrating several protocols.

About EasyFi

EasyFi is a universal layer 2 lending protocol built for DeFi focused on scalability, composability, and adoption. It has been designed as an open and inclusive financial network infrastructure running on public networks to facilitate the end-to-end lending and borrowing of digital assets and related financial products. EasyFi is being built upon the ethos of permissionless networks and the automation of smart contracts.

About Ethereum Push Notification Service

EPNS is building the world’s first open communication layer for the Web3 ecosystem, first for Ethereum and then for L2s and other blockchains. The protocol enables any smart contracts, dApps or traditional servers to send notifications tied to wallet addresses of a user in a platform agnostic fashion (ie: notifs can be integrated and shown on any crypto wallet, mobile apps, extension or dApps).

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