Beyond Finance Partneres With Lithium Finance
Beyond Finance synthetic exchange was built to enable broader access for the unbanked/underbanked in a limitless manner. The collaboration with Lithium will focus around creating new private markets that are not publicly traded, such as Space X or Stripe.
By utilizing Lithium’s price oracle, Beyond will be able to create synthetic products that can track price movements of private assets accurately and promptly, while allowing for worldwide participation and price discovery.
The integration involves Beyond being a Wisdom Seeker, with Lithium the designated oracle for pricing data.
Wisdom Seekers are a critical part of the Lithium ecosystem. They use LITH — the native token of Lithium — as a bounty to seek accurate pricing information. At the same time, Wisdom Nodes receive LITH as a reward when they can provide accurate pricing data quickly. These interactions between Wisdom Seekers and Wisdom Nodes are the essence of the DMI Mechanism, which Lithium relies on.
The Beyond x Lithium partnership will lower the barriers for private assets trading among the DeFi public, thereby opening doors for bringing more real assets into DeFi.
About Beyond Finance
Beyond is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures, and OKex Block Dream Fund, Beyond Finance allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.
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.
