Thread by @pythontony

2 days ago, I stumbled across a cool dApp and was reading its Gitbook. I sent a snap to my crypto friend and he replied:

“I haven’t clearly understood this dApp so far” 🤔

Surprisingly, I found it to be one of the most innovative creations in Blockchains 🧠

Let’s explore #EPNS

Imagine when someone sends you a notification on Whatsapp, how quickly you realize someone has texted you. You go and check out their messages and respond.

Even bank Credit/Debit transactions, you get notified all the time of what’s happening in your digital ID.

This was Web2.0

But coming to Web3.0, there was no such specific dApp that serves notifications on the go.

No, I am not talking about how @binance sends you notifications after transactions completion. Those are CEX buddy 😅

I am referring to the absence of native notifs powered by dApps.

If you regularly use DeFi apps, you must be at times surprised how you got unexpectedly liquidated.

Your decentralized application simply has no feature to wake you up from your deep sleep. No alerts. Nothing !!

Notifications become super important when your money is at risk 😷

Maybe you are an NFT enthusiast watching out for some rare collectibles on platforms like @opensea or @MagicEden.

You want a notification as soon as the item is available on the marketplace. But what do you get? No alerts. Nothing again!!

Web3 is getting too silent eh? 🔔

Welcome to Ethereum Push Notification Service.

@epnsproject is World’s first notification service that enables sending notifs on decentralized apps across Blockchain networks.

Currently they support Ethereum and have plans to extend into other blockchains soon (wen NEAR?)

It’s a chain agnostic protocol that can easily expand into other blockchain networks and natively support their dApps.

Very very important for all those lending/borrowing dApps on Compound and Aave. Good luck guys to launch into these chains soon in the future ❤️

How can some dApp benefit from this?

If we plan to onboard next billion into Web3 ecosystem, we require two crucial things:
1.Better UX
2.Better Educational Content

And both processes take time to evolve. Notifications can be a great way to bridge some of the UX gap. How?

EPNS offers each dApp on Ethereum network to register itself as a channel on the EPNS service.

dApps are required to submit minimum 50 DAI as listing fee.

After listing, users of a dApp can officially subscribe to receive notifications from the dApp’s channel available on EPNS.

There are other methods to chose upon how to receive these notifs.

Once done, users will start receiving notifs on their Android/iOS/Web apps. dApps can notify
1.All users at once
2.One user at a time
3.Group of users at a time

dApps can also chose to delegate some user accounts to broadcast notifications on their behalf on the channel.

This process is pretty much straightforward to setup and hassle free even while removing delegators.

The essence of true Decentralization 🫧

Do you want a bonus happy cookie? 🍪

Okay. All of the notifications are incentivized. The listing fee those dApps submit for 50 DAI is staked on AAVE to generate returns which gets distributed in a fair share ratio to subscribers of the channel.

Value for everyone 🔔

With the launch of $PUSH token, EPNS is expanding its governance methods and rewarding people who got early into their ecosystem.

It also has a #Rockstar NFT and Airdrop program that supports ambassadors of the network to earn an NFT and 2,400 $PUSH tokens every week.

https://twitter.com/epnsproject/status/1457741499399950340

Interesting Uses:

1. You can create a decentralized blog where you post content & then create a channel on EPNS for the blog. This way every time a new post is made, subscribers can be notified

2. ENS on Ethereum could setup a status dApp in future and broadcast them to frens🗣

TLDR Version:

Ethereum: Coz currently they process data available on ETH chain

Push Notification: Sending notifs and alerts in Web3 world

Service: it’s protocol-as-a-service

This service allows you to receive notifications from dApps on the basis of on-chain data that is available on blockchain networks.

$PUSH is the native governance token that has a total supply of 100 million, and you get rewarded for receiving notifications too 🔔💰

I thoroughly enjoyed reading the Gitbook of EPNS available at docs.epns.io

In case you wanna have a deeper understanding, it’s a must read resource.

I hope this thread creates a better understanding and curiosity for EPNS in your neurons.

Waiting for them to launch on #NEAR in the future!!

In case you enjoyed reading this thread, don’t forget to Like and Retweet the first tweet 🤝🏽

It’s 4 AM in the morning and I gotta complete another interesting thread on Solana vs NEAR soon.

Till then, Sayonara 👋🏼

https://twitter.com/pythontony/status/1511942863273168898