GMX introduces real-time trading and governance alerts, powered by Notifi
The cutting-edge feature empowers traders to receive real-time trade notifications, price alerts, and governance announcements directly within Web3 environments, using only their wallet address.
GMX has partnered with Notifi to bring its users a suite of innovative Web3 alerts. In a major push to further decentralise and maintain its rigorous security standards, GMX’s alert solution does not require incorporating Notifi’s services directly into GMX’s UI. Instead, users can use a stand-alone site branded as 'GMX Alerts by Notifi’, which delivers a complete fullscreen alert inbox experience.
Offering GMX users real-time notifications in a secure, decentralised manner is another critical step toward becoming even more feature-complete and user-centric. The alerts and notifications can be received via email, Telegram, Discord, and Coinbase Wallet.
A unique, secure integration approach
Security and anonymity are crucial ingredients of GMX’s dedication to Web3 principles. As a result, there are no direct third-party integrations into the UI of the app.gmx.io Dapp. However, in an effort to prioritise user experience, a unique integration approach has been taken with Notifi.
Instead of incorporating Notifi’s services directly in GMX’s UI, the solution is to redirect users to a Notifi-hosted site branded as 'GMX Alerts by Notifi’. This site is managed by Notifi and leverages GMX's contracts and APIs to provide GMX users with a fullscreen alert inbox experience.
By leveraging Notifi's real-time notification capabilities in this form, GMX can continue to deliver a seamless and powerful trading experience without compromising on its stringent security standards – thus solving a longstanding, two-pronged ideological and customer-oriented problem.
Closing the gap with CEXs through real-time alerts
One of the ideals driving the development of GMX has been to help traders transition from centralised finance to self-custody DeFi. Having delivered a DEX with an intuitive trading interface — suitable for newcomers and crypto-native traders alike — and deep liquid on-chain markets, a few steps to this transition process nonetheless remain.
One of these final steps is to provide traders with the same notification user experience they can expect on centralized exchanges, including price alerts, liquidation warnings and trade confirmations.
Thanks to this collaboration with Notifi, all GMX users can now receive fully customisable, real-time alerts and notifications in their preferred Web2 and Web3 destinations. In fact, GMX users now enjoy one of the most comprehensive sets of alerts available anywhere, including actionable notifications that will allow them to manage their portfolios, control their position risk, and participate in GMX governance.
Key alerts and notifications include:
GMX Announcements: Stay up-to-date with official communications and developments directly from GMX.
Trade Confirmations: Receive instant notifications confirming the execution of trades, including market swaps, limit orders, stop losses and more.
Liquidation Confirmations: Get alerted immediately if liquidation occurs, allowing for quick response and strategy adjustments.
Trade Errors: Be informed of errors blocking a trade from processing, so users can swiftly adjust positions and maximise returns.
Governance Alerts: Stay informed of new governance proposals and status changes so users can actively participate in GMX's governance, which affects the platform and its users.
Liquidation Risk Alerts: Stay ahead of potential liquidations by receiving timely notifications that leverage has exceeded a threshold that users set.
Trading Pair Price Alerts: Keep track of the price movements of all trading pairs on GMX, to help users stay on top of the market and optimise their portfolio.
The integration between Notifi and GMX is live and operational as of today. Try the notifications dashboard out at: https://gmx.notifi.network/
Connect with GMX:
Website: https://gmx.io/
Twitter: https://twitter.com/GMX_IO
Telegram: https://t.me/GMX_IO
Discord: https://discord.gg/H5PeQru3Aa
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About Notifi:
Notifi powers unrivalled notification experiences in web3. Notifi provides adaptable, white-label solutions that easily integrate into dApps and blockchain networks, creating engaged users and effective teams. The platform is designed with a simple SDK and APIs for easy integration, customizable experiences, and advanced features for dApps and Web3 applications.
Reach out to the Notifi BD team on Telegram to learn more.
So happy to see this introduced.