Jarvis Network partnering with Aleph.im advancing the trustlessness of Margineum protocol
Jarvis Network is thrilled to announce a partnership with Aleph.im to leverage their high-performance decentralized and distributed database to help Jarvis’ Margineum protocol becoming a trustless and non-custodial trading protocol.
Margineum + Aleph.im: 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.
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.”
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 achieve this vision and go to market faster. We have found a long-term tech partner who will help us stay focused on other aspects of the protocol and dApps.”
About Aleph.im
Aleph.im is a cross-blockchain, cross-technology layer-2 network specifically focused on decentralized applications (dApps) and their security-related infrastructure. Aleph.im aims to revolutionize IoT, the web, and the cloud as we know it by being the first cloud-native blockchain. Learn more about Aleph on their website or blog.
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.
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⛔ Risk Warning: Investing in digital financial assets involves a high degree of risk and volatility and is not suitable for all investors; do not risk more money than you can afford to lose. Please consult an independent professional financial or legal advisor to make sure the product is right for you.
⛔ Disclaimer: This article contains text, data, graphics, photographs, illustrations and information (“Information”) connected with Jarvis International and/or other entities part of the Jarvis group ( “Jarvis”). Jarvis attempts to ensure Information is accurate, however Information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The publication of this article does not represent solicitation by Jarvis of buying the token “Jarvis Reward Token” and is not to be considered as a recommendation by Jarvis as to the suitability of any investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. Jarvis accepts no liability for the results of any action taken on the basis of the Information.
