- Lithium will now receive pricing data from top crypto VCs and investment funds on illiquid or private assets.
- Early-joiners to the blockchain domain, such as blockchain companies, will be helped by this pricing feature.
- This collaboration is the result of Lithium’s plan to advance legal assets within the DeFi ecosystem.
Lithium Finance has come up with a solution that will help them in pricing their non-priced assets. It has included Pantera Capital as one of its Wisdom nodes. Pantera Capital is America’s leading hedge fund that specializes in cryptocurrencies and also supports early stage crypto investments. It is the first, fully cryptocurrency dedicated investment firm. The firm has gained huge popularity in the domain. It will assist those seeking knowledge of lithium by obtaining pricing information for properties that were previously difficult to price.
Lithium’s ecosystem has always faced problems in the area of pricing. The interaction between Wisdom Seekers and Wisdom Nodes plays an important role in obtaining price information. The DMI feature helps in landing on the right answer on pricing. It does this by offering rewards to the nodes that give the true response. Nodes providing baseless or malicious information are penalized.
Pantera Capital’s collaboration with Lithium adds to the names of reputable firms that can price non-liquid or private assets. The collaboration is expected to help bridge the gap between blockchain start-ups and DeFi investments and capital.
According to David Lighton, co-founder of Lithium Finance, Pantera Capital is a privileged addition to the ecosystem. This is beneficial for knowledge seekers who require accurate pricing on assets of a private nature such as novice blockchain companies. They are on track to expand their spectrum of Wisdom nodes and seekers to support their product rollout.
The market also sees the partnership as a big step forward for the community. This will undoubtedly help newcomers to the community.
According to Paul VereditKit, partner at Pantera Capital, pricing is a tough challenge as they bring liquid or private assets from the real world to the DeFi space. It is quite exciting to see Lithium leverage decentralized knowledge to create an oracle solution that will ultimately help DeFi face the future.
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