Lithium Finance designated oracle for pricing synthetic private assets on Beyond Finance

Lithium Finance, a collective-intelligence pricing oracle to offer timely pricing on private, illiquid assets, today announced a new partnership with Beyond Finance, a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator.

The partnership will let Beyond join a growing list of DeFi projects as one of the ‘Wisdom Seekers’ looking for pricing information on private and illiquid assets. Wisdom Seeker is a critical part of the Lithium ecosystem; using the native token of Lithium (LITH) as bounty to seek accurate pricing information.

Wisdom Nodes receive LITH tokens as a reward when they can provide accurate answers quickly.

Beyond + Lithium

“While many other oracles have been focusing on bringing pricing data of liquid assets into DeFi, Lithium sets its focal point on private and illiquid assets. We believe that’s where we can bring real assets into DeFi. We are glad that the Beyond team shares the same perspective; and together we will be able to bring new opportunities to the broader DeFi world.”
– David Lighton, Co-Founder of Lithium Finance

Bridging the real asset world to DeFi has been a long-debated topic. This collaboration could set an example of how to bring real asset exposure into the DeFi space by lowering access barriers of private assets for all the DeFi users.

“The timing could not have been better. Even after releasing our mainnet, we were already looking at exploring other markets to offer to our community. Lithium will now play a key role for Beyond and its users to obtain and discover new illiquid private markets; otherwise thought inaccessible in a decentralized manner. This partnership will fundamentally start a movement to bring inaccessible valuation data for Beyond’s users, to price the unpriced; thanks to Lithium’s unique mechanism of being a collective-intelligence pricing oracle.”
– Jeremy Park, Head of Business for Beyond Finance

Via: https://www.cryptoninjas.net

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