Friktion Integrates Aleph.im’s Data Storage and Indexing to Create Transparency on the Platform
Friktion, the Solana-based automated portfolio management platform is all set to integrate Aleph.im into its operations. Aleph’s decentralized indexing platform, with its ability to create a rich data history, is poised to bring unprecedented levels of transparency to the platform.
With the number of DeFi investors increasing exponentially, the demand for decentralized portfolio management solutions has emerged. In this regard, Friktion is DeFi’s first automated portfolio manager (APM) platform that is designed to perform well across different market cycles. The platform caters to varying risk appetites and optimizes investment products to generate profits, monetize volatility, and protect the principle. Investment products on Friktion are referred to as Volts and once the funds are deposited, the Volt becomes the active portfolio manager. All deposits are auto-computed weekly to maximize profits for investors.
Friktion’s integration of Aleph.im is in an effort to better keep track of all these user deposits made on the platform and to create transparency with historical transactions.
Ensuring Transaction Transparency
As Solana’s native decentralized data indexing and querying platform, Aleph.im has a proven track record of providing these solutions to major Solana-based protocols. Aleph.im successfully managed to end these protocols’ dependence on centralized solutions for these services and Friktion now joins its illustrious list of beneficiaries.
Aleph has a network of microVMs (Micro Virtual Machine) that index all the data on the platform to create a rich data history that is easily accessible to everyone who wants to view it. This means that users of Friktion can now have a detailed history of all transactions of the platform to ensure transparency. Users can keep track of their deposits, withdrawals, and profits generated on the platform.
Alpeh.im also ensures that this data is organized in subsets to increase its usability. Developers on the platform can easily make use of this data to study user behaviour and build better products that cater to their needs. All data is cryptographically secured on the platform to minimize chances of fraud and to create ensure safe data transfers.
We’re pleased to be partnering with the first-of-its-kind protocol like Friktion and hope to contribute to its visions of creating the best APM for investors.
About Aleph.im
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 Friktion
Friktion is an Automated Portfolio Manager (APM) for the DeFi ecosystem, offering both active and passive investment strategies through our native investment products, Volts. The APM provides a set of profit opportunities for users in the Friktion network with or without an existing portfolio, finding ways to maximize return while providing volatility protection and yields in turbulent markets. Follow Friktion on Twitter: @friktion_labs
