Aleph.im Brings Indexing and Easy Data Query To PsyOptions, Solana’s Options Protocol
TL;DR
- PsyOptions data indexed on Aleph.im’s decentralized indexing solution
- 5+ Solana protocols are now being indexed via AlephVMs
- Users will get access to historical options trading data
- Solana projects can navigate HERE to inquire about the development and implementation of GraphQL endpoints (aka subgraphs) for free from Aleph.im
On-chain options trading
PsyOptions is the latest platform to make use of Aleph.im’s decentralized indexing solution that runs on the recently released AlephVMs (AVM — Aleph micro Virtual Machines). The AVM computing infrastructure makes it possible to surface and query valuable on-chain data, while also providing enduring and decentralized storage for the indexed data.
PsyOptions is a decentralized options protocol built on top of the Solana blockchain. PsyOptions democratizes access to asset-settled American-style options — a product typically restricted to the world of traditional finance — and is fundamentally the first protocol to enable on-chain options trading through Serum’s central limit-order book.
“Partnering with Aleph improves our engineering capacity so we can focus on shipping products and not custom indexing service.” said Taylor Johnson, Core Contributor.
“Considering the amount of time it takes to index Serum data into a timescale database, our team has saved at least 250 development hours by working with Aleph.im to implement a decentralized indexer,” said Tommy Johnson at PsyOptions.
Decentralized Indexing Solution
Aleph.im offers a decentralized solution for projects that currently have to rely on centralized indexing solutions or no indexing at all due to the complexity of indexing on Solana, which requires high costs for physical hardware, unfeasibly fast internet connections, and computing power. Many DeFi protocols on Solana have already benefited from Aleph.im’s decentralized indexing solutions including Serum, Saber, Raydium, Orca, and more.
We are thrilled to help PsyOptions on their journey in making more accessible all data related to option markets, option token mints, total volume, etc. Our network of microVMs will spawn on-demand and index this data to create a rich data history while ensuring the datasets remain forever available on our decentralized network. To help PsyOptions to scale, our network will detect and react to high demand peaks by spawning additional instances of the indexer where needed and auto-sync.
About Aleph
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage, and indexing solutions to replace 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. For more information visit aleph.im
Explore our decentralized indexing solution. Follow aleph.im on twitter: @aleph_im
About PsyOptions
PsyOptions is an American style options protocol built on the Solana blockchain. The principles that have guided the architecture and development of the core protocol are flexibility and composability. It is completely trustless. The core protocol makes no assumptions on how the options should be traded or priced. Options are represented as SPL Tokens, which means they can be traded on any DEX that supports SPL Tokens.
For more information visit https://www.psyoptions.io/ or follow PsyOptions on Twitter: @PsyOptions
