Lithium Finance Formed an Alliance with Cere Network
- Privacy of data is part of the key design for Lithium as Wisdom Nodes answer price-sensitive questions from Wisdom Seekers through the protocol.
- Lithium will leverage Cere’s decentralized data cloud (DDC) technology to strengthen data privacy protection and safeguard Wisdom Nodes’ pricing data.
- The Lithium — Cere partnership will kick start the launch of the Data Privacy Alliance to raise the awareness of protecting data and be the gateway for DeFi protocols that want to reinforce data privacy.
Lithium Finance is delighted to announce the partnership with Cere Network, a leading decentralized data cloud platform aligned with Polkadot and Polygon. Lithium will leverage Cere’s DDC technology to strengthen the protection of price-sensitive data from all the Wisdom Nodes of Lithium.
The way Lithium prices private and illiquid assets rely on the interactions between Wisdom Seekers and Wisdom Nodes. During the process, Wisdom Nodes answer pricing questions from Wisdom Seekers. By design, all the submissions from Wisdom Nodes are private. With the help from Cere’s DDC, Lithium will be able to fortify and strengthen the protection of those price-sensitive data from Wisdom Nodes.
Data privacy has been one of the most under-addressed issues in DeFi. The Lithium — Cere partnership will also mean the beginning of a brand new data privacy alliance in the DeFi space. This alliance aims to boost the awareness of data privacy and help protocols customize data protection solutions in a decentralized manner.
David Lighton, Co-founder of Lithium Finance, said,
“Data privacy has been a top priority in traditional finance, and I don’t see the reason why it is not in DeFi. Our team believes that Cere is the right solution for safeguarding the data from Wisdom Nodes. In that way, we will be able to create an ideal submission environment for all the Nodes.”
Martijn Broersma, CMO of Cere Network, said,
“With the increasing demand for reliable and secure protection of data we are happy to be working together with Lithium and further professionalize their solution with our Decentralized Data Clouds.”
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 Cere Network
Cere Network is the first Decentralized Data Cloud (DDC) platform in alignment with Polkadot and Polygon, optimized for service data integration and data collaboration. While most enterprise blockchains are simply distributed ledgers, the Cere DDC platform is built from the ground up to power the new generation of first-party customer data ecosystems. Harnessing similar goals to cloud platforms like Snowflake, Cere’s DDC platform is delivering on a new decentralized level of data privacy, data agility, and data interoperability.
