Lithium Finance, a collective-intelligence pricing oracle to supply well timed pricing on non-public, illiquid property, at present introduced a brand new partnership with Past Finance, a decentralized platform for creating and buying and selling artificial monetary merchandise designed to go well with the wants of the artificial creator.
The partnership will let Past be a part of a rising record of DeFi tasks as one of many ‘Knowledge Seekers’ on the lookout for pricing data on non-public and illiquid property. Knowledge Seeker is a essential a part of the Lithium ecosystem; utilizing the native token of Lithium (LITH) as bounty to hunt correct pricing data.
Knowledge Nodes obtain LITH tokens as a reward after they can present correct solutions shortly.
Past + Lithium
“Whereas many different oracles have been specializing in bringing pricing knowledge of liquid property into DeFi, Lithium units its point of interest on non-public and illiquid property. We imagine that’s the place we are able to carry actual property into DeFi. We’re glad that the Past group shares the identical perspective; and collectively we can carry new alternatives to the broader DeFi world.”
– David Lighton, Co-Founding father of Lithium Finance
This collaboration might set an instance of learn how to carry actual asset publicity into the DeFi area by reducing entry limitations of personal property for all DeFi customers.
“The timing couldn’t have been higher. Even after releasing our mainnet, we had been already exploring different markets to supply to our neighborhood. Lithium will now play a key function for Past and its customers to acquire and uncover new illiquid non-public markets; in any other case thought inaccessible in a decentralized method. This partnership will basically begin a motion to carry inaccessible valuation knowledge for Past’s customers, to cost the unpriced; due to Lithium’s distinctive mechanism of being a collective-intelligence pricing oracle.”
– Jeremy Park, Head of Enterprise for Past Finance
