Notifi Partners With Abracadabra To Provide Real-Time Alerts For DeFi Users
Notifi has launched its latest collaboration with Abracadabra, one of DeFi’s legendary early leaders and a continued force on Arbitrum and EVM chains.
What is Abracadabra?
Abracadabra is a decentralized crypto-lending platform. Users are able to borrow their stablecoin, MIM (Magic Internet Money), by providing various types of collateral. It mostly employs interest-bearing tokens (ibTKNs) — a variant of liquidity provider (LP) tokens — for collateralization in exchange for stablecoin loans.
During the 2021–2022 bull market, Abracadabra, with MIM, emerged as a legendary DeFi protocol, amassing significant Total Value Locked (TVL) and Abracadabra has continued to thrive with crypto natives, maintaining a TVL of approximately $130M across EVM chains.
For Notifi, this integration with Abracadabra deepens Notifi’s connections within leading projects, crypto veterans and early adopters, and helps drive Notifi’s progress to enhance user engagement in web3.
Elevating User Experience with Real-Time Alerts For Abracadabra’s Users
This integration with Abracadabra is vital in providing users with important alerts for borrowing and lending activities. These alerts are available for markets operating on Ethereum, Arbitrum, Avalanche, and Binance Smart Chain.
Key alert features include:
- Abracadabra Announcements — Receive announcements directly from the team about essential updates and potential alpha.
- Liquidation Alerts — Be alerted when liquidation has happened.
- Position Health Alerts — Borrowers are promptly alerted whenever position health goes below 40%,50%, or a threshold they have established.
These features empower users with the freedom and peace of mind to step away from constant screen monitoring, confidently knowing they will stay informed about token prices and crucial liquidation events without constant monitoring.
Moreover, the Notifi SDK and alerts are functional across multiple chains supported by Abracadabra, demonstrating Notifi’s seamless integration capabilities in a multi-chain world.
By providing real-time alerts and marketing communications to Abracadabra’s users, Notifi is raising the user experience of decentralized applications (dApps) to a standard on par with established platforms in centralized crypto finance and traditional financial sectors.
Notifi will continue to help decentralized finance platforms to reach their full potential.
Interested in adding alerts to your project?
Whether you’re building a DeFi protocol, wallet, DAO, marketplace, or next-gen gaming dApp, you can seamlessly integrate notifications into your project with our developer-friendly SDK. Below are some notifications that developers have enabled:
- Wallet Transactions and Balance Changes
- Liquidation Alerts and Loan Repayment Reminders
- Trading and Price Change Alerts
- Staking Reward Reminders and Rate Updates
- NFT and Marketplace Auction Alerts
- DAO Proposal Updates
- Marketing Announcements, and more!
If you or a project you know is interested in adding Notifi alerts — we would love to hear from you!
Learn More 📚
🔔Reach out to our BD team on Telegram or send us an email at sales@notifi.network
