Saber Integrates Aleph.im decentralized indexing solution
Aleph.im, a cross-blockchain decentralized storage and computing network, is proud to announce its third decentralized indexing integration partner Saber.
Saber is one of the first automated market makers (AMM) on Solana that is optimized for trading pegged assets like stablecoins and wrapped assets. The Saber Protocol has seen significant growth the past months:
- Over $4B+ in liquidity across pools
- Launch of Solana’s first BTC stable pool
- Launch of Solana’s first trading pools for UST, LUNA, DAI, BUSD, and more.
Since its inception, Saber’s mission has been to connect the world’s assets by providing a networked liquidity foundation. Because assets from one blockchain can’t natively exist on another, stablecoins are an elegant way to trade into and out of tokens on disparate blockchains and exchange value across the ecosystem.
“Data indexing remains one of the biggest challenges for Solana DeFi projects. We’re excited to see Aleph tackle this problem, and build out the critical middleware that the industry needs,” — Dylan Macalinao, CEO of Saber.
Rich Data
Aleph.im’s indexing solution will help Saber to provide rich data to their users such as historic token swaps, liquidity provision, token prices, the total volume across all trading pairs, and TVL for their fusion pools. 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 Saber to scale, our network will detect and react to high demand peaks by spawning additional instances of the indexer where needed and auto-sync.
“We’re excited to provide our Web 3 tooling to support Saber. By enhancing data availability and offering scalability support to their platform, users and developers alike will be able to get a better experience.”- Jonathan Schemoul (aka Moshe Malawach), founder of Aleph.im
Many projects on Solana have to rely on their own centralized indexing solutions or no indexing at all, due to the high costs for physical hardware, unfeasibly fast internet connections, and computing power. Aleph.im helps Solana-based applications to cut costs and enjoy better data retrieval and easy data query for their users. And unlike solutions like the Graph which index the entire blockchain, Aleph.im indexes new data first before working backwards in time, providing a more robust and user-centric solution.
Want to work with us?
In an effort to help projects accelerate toward full decentralization, Aleph.im is offering for a limited time development and implementation of GraphQL endpoints (aka subgraphs) for free to all projects in the Solana ecosystem. Projects looking to work with Aleph.im indexing can get in touch with our team here.
About Aleph
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival 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.
About Saber
Saber is the leading cross-chain stablecoin exchange on Solana. Saber provides the liquidity foundation for stablecoins, As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies. To learn more, please visit https://saber.so/
About Solana
Solana is the most performant blockchain in the world. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which can process thousands of smart contracts at once, and by Proof of History, an innovation in distributed timekeeping that unlocks low-latency, sub-second finality across the global state. To learn more, please visit https://solana.com/.
