Port Finance Integrates Aleph.im decentralized indexing solution
Aleph.im, cross-blockchain decentralized storage, and computing network proudly announce 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
High Availability
Our network of microVMs will spawn on-demand and index this data to create a rich data history while ensuring the datasets stay available. Our network will detect high demand and spawn additional instances of the indexer where needed and auto-sync.
“Indexing on a high throughput blockchain like Solana is tricky. There is an immense amount of data, finding what to index is a lot like looking for a needle in a haystack. Working on lending protocols is another challenge that we are really excited to start tackling, and I am delighted to work with the talented team that runs Port Finance.” — Jonathan Schemoul, aleph.im Founder
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 backward 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.
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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.
About Solana
Solana is the most performant blockchain in the world. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which can process thousands of smart contracts at once, and by Proof of History, an innovation in distributed timekeeping that unlocks low-latency, sub-second finality across the global state.
