Port Finance x Aleph.im Integration
Aleph.im announced its second decentralized indexing partner Port Finance.
Projects like Port Finance, a baseline lending protocol on the high-performance Proof of Stake blockchain Solana, need data to be instantly accessible and highly available for their users. Aleph.im’s indexing solution will provide just that in a decentralized way.
Datasets that will be instantly available are TVL, Total Borrowed, Loan to Value Ratio, Total Borrow Fees, Total Flash Loan Fees and many more. This adds immense value to the end-users by enabling them to make more informed decisions about their trades, while Port Finance gets access to essential insights into their platform activities.
“We’re excited to work with Aleph.im. We’ve been looking for the right partner to provide analytics for our users and platform. Aleph is the perfect solution.” — Co-Founder of Port Finance
Many projects on Solana have to rely on their own centralized indexing solutions or no indexing at all, due to the high costs for physical hardware, unfeasibly fast internet connections, and computing power. Aleph.im helps Solana-based applications to cut costs and enjoy better data retrieval and easy data query for their users. And unlike solutions like the Graph which index the entire blockchain, Aleph.im indexes new data first before working backwards in time, providing a more robust and user-centric solution.
About Aleph
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer to peer network and programming language-agnostic interface.
About Port Finance
Port Finance is a decentralized Money Market protocol on Solana, aiming to provide a full suite of lending products including but not limited to: variable rate lending, fixed-rate lending and interest rate swaps. Port Finance’s team brings engineering experience from tech companies like Google, Facebook, and Microsoft, and previous contributions to Solana and Serum.
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