Lithium Finance Partners with Injective Protocol
The first decentralized data oracle solution, Lithium Finance announced partnership with Injective Protocol, the first layer-2 DEX that offers decentralized derivatives. Under the partnership, Injective will become a wisdom seeker, and Lithium will be part of Injective’s oracle module to provide pricing data for pre-IPO stock derivatives.
With Lithium’s collective intelligence mechanism, the partnership will improve the price discovery process for all the private assets available in the Injective ecosystem. Injective’s users will create new derivatives markets for private companies with the pricing feed from Lithium.
“The main focus of Lithium Finance is to price the unpriced in a timely and accurate manner, and we are glad that Injective Protocol shares this view and make Lithium part of the oracle module to help on pricing private and illiquid assets. We believe this partnership will help make private assets more accessible, and it’s an important step in bringing real assets into the DeFi space.”—David Lighton, Co-founder of Lithium Finance
This collaboration will make Injective a Wisdom Seeker under the Lithium ecosystem. As a Wisdom Seeker, Injective users can create new derivatives markets for private and pre-IPO companies, or other synthetic assets, with the pricing data from Lithium.
“Lithium will be a crucial addition to our oracle module, since it would allow our users to discover new illiquid private markets that would otherwise be inaccessible. Our collaboration will help to massively lower the barriers to entry for users looking to enter new private markets in a completely decentralized manner,”—Eric Chen, Injective Protocol CEO
With the pricing data from Lithium, builders on Injective will create derivatives and synthetic products with underlying assets such as pre-IPO companies or other forms of private assets. It opens the door for private assets to tap into the DeFi space, which many consider the next breakthrough in DeFi.
ABOUT INJECTIVE PROTOCOL
Injective is the first decentralized multi-chain exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective enables access to unlimited decentralized markets for futures, perpetuals, spots, synthetics, and much more. Injective is backed by a prominent group of stakeholders including Mark Cuban, Pantera Capital and Binance.
ABOUT LITHIUM FINANCE
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
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