Lithium Finance appointed oracle machine to price synthetic private assets on Beyond Finance »CryptoNinjas

Lithium Finance appointed oracle machine to price synthetic private assets on Beyond Finance »CryptoNinjas


Lithium Finance, a collective smart pricing oracle that provides timely pricing for private non-current assets, today announced the establishment of a new partnership with Beyond Finance, a decentralized platform for creating and trading that is designed to meet the needs of synthetic Synthetic financial products demanded by the creator.

This cooperation will enable Beyond to join a growing list of DeFi projects and become one of the “smart seekers” looking for information on the pricing of private and non-liquid assets. Wisdom Seeker is an important part of the Lithium ecosystem; use Lithium (LITH) native token as Bounty for seeking accurate pricing information.

When smart nodes can quickly provide accurate answers, they will receive LITH tokens as a reward.

Beyond + lithium

“While many other oracles have been focused on introducing liquid asset pricing data into DeFi, Lithium has focused on private and non-liquid assets. We believe this is where we can bring real assets into DeFi. We are very happy beyond. The team has the same view; together we will bring new opportunities to the wider DeFi world.”
– David Lighton, co-founder of Lithium Finance

This kind of cooperation can set an example of how to expose real assets to the DeFi field by lowering the threshold for all DeFi users to access private assets.

“The timing couldn’t be better. Even after the launch of our mainnet, we are already considering exploring other markets to provide to our community. Lithium will now gain and discover new illiquid private markets in Beyond and its users Play a key role; otherwise it is considered impossible to access in a decentralized manner. This partnership will fundamentally start a movement to bring inaccessible valuation data to users of Beyond and set prices for those who have not set prices; thanks to Lithium as a collective The unique mechanism of smart pricing oracle.”
– Jeremy Park, Head of Beyond Finance

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