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Avoiding Loan Liquidation: EPNS Integrates With Notional Finance to Deliver Critical Loan Updates

Cover image of Avoiding Loan Liquidation: EPNS Integrates With Notional Finance to Deliver Critical Loan Updates

EPNS and Shippooor DAO teamed up to enable notifications for Notional Finance users. Notifications will alert users when their loans reach maturity or could become undercollateralized due to changing asset prices. Notional Finance is DeFi’s leading fixed-rate protocol enabling users to borrow or lend at fixed rates for up to one year — with longer maturities coming soon.

Thanks to the new integration, an official channel on the EPNS platform will be created that Notional Finance users can easily subscribe to. Through EPNS’ mobile application, decentralized application, or Chrome Extension, Notional Finance users can choose to receive notifications whenever:

  • Their portfolio approaches liquidation. This will allow users to decide if they want to add more collateral to their borrow position in order to avoid potential liquidations.
  • One of their loans reaches maturity. This will allow users to actively decide if they’d like to close their borrow before maturity or to actively roll it forward to the next maturity and thus avoid incurring any penalties.

With fixed rate borrowing and lending available to increasingly-longer periods, busy DeFi users may need an extra “push” to remember important milestones and important liquidation levels. This integration fills this need and allows for an enhanced experience and peace of mind for Notional users.EPNS provides a reliable communication mechanism that delivers real-time loan updates to users while preserving anonymity and privacy. EPNS is happy to support Notional users on their investing journey and to collaborate with Shippooor DAO to bring this integration to life.

About Notional Finance

Notional is a protocol on Ethereum that facilitates fixed-rate, fixed-term crypto-asset lending and borrowing through a novel financial instrument called fCash. Notional is now a top 10 DeFi lending protocol, with more than $500M in total value locked and $375M+ in loan volume.

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About Shippooor DAO

Shippooor DAO is a DeFi consulting firm built by shippooors for shippooors. Shippooor DAO is a shipping first consulting firm working for clients like Notional, Euler, Instadapp and dYdX.

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About Push Protocol
Push is the communication protocol of web3. Push protocol enables cross-chain notifications and messaging for dapps, wallets, and services tied to wallet addresses in an open, gasless, and platform-agnostic fashion. The open communication layer allows any crypto wallet / frontend to tap into the network and get the communication across.
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