Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to enormous losses for investors of their tokens. Now new software seeks to alert investors in real-time about potential risks to their positions. 

Users and executives from two such services, HAL and Aldrin, explain. HAL is a Web3 data infrastructure tool allowing companies or traders to track, monitor and trigger data. HAL recently launched simple API notifications on Avalanche (AVAX), which seeks to enable users on the blockchain to automate notifications of risky positions. Meanwhile, Aldrin is the first fully-audited decentralized exchange, or DEX, on Solana (SOL). 

Marco De Rossi, the co-founder of HAL, explained that users can notify anyone on any channel of suspicious DeFi activities on an address with wallet monitoring. “We already have hundreds of Avalanche users playing with Pangolin (PNG), Sushiswap (SUSHI), Aave (AAVE) and also wallet monitoring and much more. In addition, TraderJoe is soon coming, as well as the top 10 Avalanche ecosystem apps in general,” says Rossi.

Meanwhile, a HAL user, who wished to remain anonymous, told Cointelegraph:

“I use AAVE, and HAL directly integrated with them, allowing me to be notified if my position there becomes at risk; without me refreshing their dashboard, I can then take action quickly.”

The anonymous user added that: “I may also want to be the first to know when something new comes up, and…

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