Aleph.im Partners With Jarvis Network to Bring Margineum to Market as a Trustless Off-Chain Margin Protocol

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Aleph.im

3 min readAug 12, 2020

After a busy few weeks that included a partnership with Serum and a 50% reduction of the ALEPH token supply, we are excited to officially announce a partnership with Jarvis Network that will unite Jarvis and aleph.im in a go-to-market effort to make Margineum (Jarvis’ off-chain Margin Protocol) fully trustless and transparent.

Aleph Founder Moshe Malawach states

“We are excited to debut a concrete example of how aleph.im’s high performance distributed architecture will decentralize the last mile of DeFi. Providing a decentralized infrastructure to upcoming great products like Margineum is a key part of our strategy and we see Jarvis as a long-term partner. The aleph.im network and SDK is an ideal toolset for their products with instant access database, identity source, decentralized file storage and computing.”

Aleph.im + Margineum

High-Performance Legacy and Digital Trading

Using Margineum, traders can open off-chain leveraged positions on any asset, which are collateralized and settled with DAI, against liquidity pools. Liquidity providers earn fees for their efforts and Margineum hedges the trader’s exposure on traditional financial markets through an automated bridge.

Margineum’s quest to provide trustless, transparent, auditable, and verifiable financial data is made complete by leveraging aleph.im’s infrastructure. Aleph.im’s high-performance network will serve as a decentralized and distributed database to host all of the trading data, from price to trading history.

Jarvis nodes will access legacy and digital financial data directly from the source, through a read-only API and push it to aleph.im, thus hosting all the trading history and balance of all the stakeholders, traders and liquidity providers. The data stored on aleph.im will be secured and fully auditable. When a user or an LP would like to withdraw their funds, they can do it only if the data on aleph.im and on the LP’s server are identical, and if not, a dispute will be raised and settled by Jarvis DAO.

What is Next for aleph.im and Jarvis

This partnership signifies the beginning of a long and fruitful relationship. Aleph.im’s distributed and decentralized database will be used for in-app features: Jarvis will launch its own dApp, Jarvis Market, a trading platform to interact with its Margineum protocol; the platform will feature various interactive community and user engagement campaigns such as affiliate programs, a trustless leaderboard, incentive programs (trading mining, competition, etc.), chats, social trading, and more importantly, certified track records, all powered by aleph.im. Any activity that can leverage stored data that is 100% unaltered and trustless is fair game in the future.

In addition, the Jarvis team is planning to launch a dedicated node on aleph.im to boost the robustness and performance of the network.

Jarvis CEO and Founder Pascal Tallarida explains

“Making Margineum trustless and non-custodial is very strategic for us and will pave the way for a new generation of brokers. Most importantly, we aim at positioning Margineum as a prime broker for the entire DeFi ecosystem; working with aleph.im helps us to go to achieve this vision and go to market faster. We have found a long-term tech partner which will help us keep focused on other aspects of the protocol and of the dApps.”

About Jarvis Network: Jarvis Network is a set of protocols on Ethereum allowing anyone to gain exposure to the price of any traditional or digital assets with stablecoins, against liquidity pools. Jarvis is launching two protocols, Margineum, an off-chain trading protocol, and Synthereum, an on-chain synthetic trading protocol built on UMA. Jarvis will also launch two dApps, Jarvis Market and Jarvis Exchange, to respectively interact with Margineum and Synthereum. You can read more about Jarvis on their website or Medium.