Aleph.im Network announced collaboration with Port Finance

Aleph.im Network announced last Monday, September 13, through its Twitter account, its new collaboration with Port Finance. In his view, they are now integrating their indexing solution for decentralized TVL in real time, total borrowed, loan-to-value ratio, loan fees, flash loan fees and more statistics.

Image about Aleph.im posting on Twitter

“Aleph.im, a decentralized cross-block computing and storage network is proud to announce its second decentralized indexing partner, Port Finance”, he said through an article posted on the Medium platform.

According to the company, projects like Port Finance, a benchmark lending protocol on the Solana high-performance proof-of-stake blockchain, need data to be instantly accessible and highly available to their users. Aleph.im’s indexing solution will provide just that in a decentralized way.

In addition, he indicated that the data sets that will be available instantly are TVL, Total Borrowed, Loan-to-Value Ratio, Total Loan Charges, Total Flash Loan Charges and many more. This adds immense value to end users by allowing them to make more informed decisions about their operations, while Port Finance gains access to essential information about the activities of its platform.

“We are excited to be working with Aleph.im. We have been looking for the right partner to provide analytics for our users and platform. Aleph is the perfect solution”, said Port Finance Co-Founder.

Also read: Paribus announced partnership with Orion Protocol

High availability

The company assured that its microVM network will generate on demand and index this data to create a rich data history while ensuring that data sets remain available. “Our network will detect a high demand and will generate additional instances of the indexer when necessary and will automatically synchronize”, he said.

Jonathan Schemoul, founder of aleph.im, commented that “indexing on a high-performance blockchain like Solana is complicated. There is an immense amount of data, finding what to index is a lot like looking for a needle in a haystack. Working on loan protocols is another challenge that we are really excited to start tackling, and I am delighted to be working with the talented team that leads Port Finance”.

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