Timeswap Teams Up With EPNS To Provide Users With Push Notifications
With the rise of decentralized finance (DeFi), blockchain has evolved from a “peer-to-peer electronic cash system” to a full-fledged financial sector that provides a variety of decentralized financial services. However, lending and borrowing are the financial services that have seen the most change as a result of decentralized finance. They reached a new dimension, opening up a new universe of possibilities.
ABOUT TIMESWAP
Timeswap is the first fully permissionless, oracle-less, non-liquidatable, fixed maturity lending & borrowing protocol. Timeswap uses an AMM for interest rate discovery and collateral ratio determination.
ABOUT THIS PARTNERSHIP
The platform also allows Ethereum projects to borrow money by pledging their native token as collateral. The protocol is gas efficient, and the interest rates and loan lengths are customizable. As a result, Timeswap is an ideal protocol for users who are just getting started with DeFi lending and borrowing.
Due to the variable timeframes, borrowers may miss the maturity period, while lenders may miss out on releasing monies after maturity. This is where the EPNS relationship may be transformative.
With This Partnership,:
- Borrowers can receive notifications whenever the maturity date of the loan approaches so that they can pay it back on time.
- The lenders can receive notifications when it is time for them to withdraw their deposits after maturity.
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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