Lithium Finance and Pantera Capital Partnership
- The top crypto investment fund and VC will become one of the Wisdom Nodes in the Lithium ecosystem to provide pricing data on private and illiquid assets.
- Investing in blockchain companies has been a field that is hard to navigate. Lithium and its Wisdom Nodes like Pantera could brighten up this sector.
- This partnership is part of Lithium’s effort to push forward the inclusion of real-world assets into the DeFi space.
Lithium Finance is proud to announce that Pantera Capital, a top-tier American hedge fund specializing in cryptocurrencies and early-stage crypto project investment, is joining Lithium as a Wisdom Node to help price the unpriced. Pantera is the first institutional investment firm focused solely on crypto. With their widely-recognized expertise in the industry, Pantera will assist Lithium’s Wisdom Seekers by providing pricing information on assets that are difficult to price.
In the Lithium ecosystem, the interactions between Wisdom Nodes and Wisdom Seekers are the most critical part of gathering the pricing information. At the same time, the DMI mechanism helps hammer out the final correct answer by rewarding the Nodes that offer truthful, accurate responses, while those who give malicious and false information will be punished.
With the addition of Pantera, the list of Wisdom Nodes in the Lithium ecosystem consists of names including many prestigious investment firms that can price private and illiquid assets, such as early-stage blockchain companies, in an accurate and timely manner. In the long run, this partnership could be the infrastructure that bridges new investment and capital from DeFi to these early-stage blockchain startups.
David Lighton, Co-founder of Lithium Finance, said,
“Pantera Capital is a great add-on for Lithium and all the Wisdom Seekers. I’m sure their mastery and knowledge in the crypto field will vastly help those who want accurate pricing on private assets such as early-stage blockchain companies. We will continue to widen the spectrum of our Wisdom Nodes and Seekers as we push forward to the product rollout.”
Paul Veradittakit, Partner at Pantera Capital, added:
“Pricing is one of the most important challenges to address as we bring real-world assets into DeFi, especially assets that are private or illiquid. It’s exciting to see Lithium harnessing the decentralized wisdom of the crowd to create an oracle solution that can help bridge the real world into DeFi.”
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 Pantera Capital
Pantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. Pantera launched the first cryptocurrency fund in the United States when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first exclusively-blockchain venture fund and recently concluded raising its third venture fund. In 2017 Pantera was the first firm to offer a pre-auction ICO fund. Pantera Bitcoin Fund has returned over 58,300% since inception and has returned billions to its investors. Pantera currently manages over $700mm in capital in three product groups — passive, hedge, and venture.
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