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Aleph.im Will Provide an Indexing Solution to Port Finance

www.cryptonewsz.com 14 September 2021 10:49, UTC
Reading time: ~2 m

Port Finance is a lending protocol which aims to provide a full suite of fixed-income products, including variable-rate lending, interest rate swaps, fixed-rate lending, and more. Port Finance is a project on Solana, which is a high throughput blockchain. Port Finance needs a large amount of data to be accessible instantly and easily to its users. Solans has an immense amount of data available on it, and it is quite tricky to find what data is to be indexed. It is like trying to spot a needle in a haystack. 

Aleph. im will provide an indexing solution to Port Finance in a decentralized way. It will provide instant access to data sets like TVL, total borrowed, loan to value ratio, total borrow fees, total flash loan fees, and many more. This instant availability of a large volume of data will help Port Finance users to make wiser decisions about their trades as they will have a lot of information about it. 

Aleph.im network of micro VMs will generate on-demand and index the data to make a rich data history. Its network will generate additional instances of indexer if there is high demand and can also auto-sync according to the demand. Aleph.im will help Port Finance cut costs for expensive physical hardware, internet connection, and computing power. Aleph.im will provide better data retrieval and easy data query for Port Finance users. It provides a more robust and user-centric solution compared to other indexing solutions that index the entire blockchain.

The co-founder of Post Finance said that Aleph.im is the perfect partner for their project, and they are very excited to work with them. At the same time, Jonathan Schemoul, the Aleph.im founder, also seemed delighted to work with the talented team of Port Finance.

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