Lithium Finance, a collective-intelligence pricing oracle to supply well timed pricing on personal, illiquid property, immediately 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 part of a rising record of DeFi tasks as one of many ‘Knowledge Seekers’ in search of pricing data on personal and illiquid property. Knowledge Seeker is a crucial a part of the Lithium ecosystem; utilizing the native token of Lithium (LITH) as bounty to seek accurate pricing information.
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 focus on personal and illiquid property. We consider that’s the place we are able to deliver actual property into DeFi. We’re glad that the Past group shares the identical perspective; and collectively we will deliver new alternatives to the broader DeFi world.”
– David Lighton, Co-Founder of Lithium Finance
This collaboration may set an instance of find out how to deliver actual asset publicity into the DeFi house by decreasing entry obstacles 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 position for Past and its customers to acquire and uncover new illiquid personal markets; in any other case thought inaccessible in a decentralized method. This partnership will basically begin a motion to deliver inaccessible valuation knowledge for Past’s customers, to cost the unpriced; because of Lithium’s distinctive mechanism of being a collective-intelligence pricing oracle.”
– Jeremy Park, Head of Business for Beyond Finance