- Lithium will now obtain pricing information from the highest crypto VC and funding fund on illiquid or non-public property.
- The early-joiners of blockchain domains, similar to blockchain firms, will get assist from this pricing characteristic.
- This collaboration is the results of Lithium’s plan to push fiat property inside DeFi ecosystem.
Lithium Finance has give you an answer that may assist them in pricing property which are unpriced. It has onboarded Pantera Capital as considered one of its Knowledge Nodes. Pantera Capital is America’s main hedge fund which focuses on cryptocurrency and likewise helps crypto funding that are of early-stage. It’s the first, utterly cryptocurrency devoted funding agency. The agency has garnered enormous recognition within the area. It can help knowledge seekers of Lithium by availing pricing info for the property that had been tough to be priced earlier than.
The ecosystem of Lithium has all the time confronted issues within the pricing area. The interplay between Knowledge Seekers and Knowledge Nodes is instrumental in gaining the data on value. The DMI characteristic helps to land on the right reply on pricing. It does this by offering rewards to the nodes which give truthful responses. The nodes that present baseless or malicious info are penalized.
Pantera Capital’s collaboration with Lithium provides to the names of prestigious companies that may value illiquid or non-public property. It’s anticipated that this collaboration would assist mend the hole between blockchain start-ups and DeFi investments and capital.
In response to David Lighton, co-founder, Lithium Finance, Pantera Capital is a privileged addition to the ecosystem. It’s helpful to the Knowledge seekers who want actual pricing on property of personal nature like beginner blockchain firms. They’re on the trail to broaden their spectrum of Knowledge nodes and seekers to help their product rollout.
The market additionally considers the partnership to be an important step for the neighborhood. It can undeniably assist new joiners in the neighborhood.
As per Paul Veradittakit, Associate, Pantera Capital, pricing is a tricky problem as they create illiquid or non-public property from the true world into the DeFi house. It’s slightly thrilling to witness Lithium leveraging the decentralized knowledge to type an oracle resolution that may finally assist DeFi cope up sooner or later.