Lithium Finance Has Collaborates With Credefi
Credefi will be a Wisdom Seeker in the Lithium ecosystem and able to leverage the data provided by Wisdom Nodes to get accurate pricing information on collateral. As a result, lenders will enjoy more accurate assessments of loan proposals from specific borrowers according to their risk profile.
Within this collaboration, borrowers on Credefi will be able to take advantage of the crowd’s collective wisdom and get unbiased assessments on loan proposals in a truly decentralized fashion. At the same time, lenders’ interests will be further protected with a broader base of risk estimation. In the long run, this partnership could be a pivot point for the future scaling of the DeFi lending market.
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.
About Credefi
Credefi connects crypto lenders with SME borrowers from the fiat economy. The protocol resolves the key challenges that DeFi and TradFi are facing today: DeFi’s inconsistent, fragile yields that evaporate in bear markets and speculative borrowers that are fickle and cannot satisfy DeFi lending supply; as well as the difficulty for SMEs to get TradFi funding at normal interest rates.
