The integration of Lithium’s first-party oracle, will enable the constant flow of pricing information among all Deri participants and lead to the continuous development of on-chain derivatives trading. With an average daily volume of $80M in derivatives trading, Deri Protocol enables hedging, arbitraging, and portfolio speculation using tokenized trading positions. Through Deri, assets such as NFT’s, commodities, and stocks can be tokenized and used in other DeFi projects.
We are pleased to be adding a data oracle with an important use-case to our ecosystem. I look forward to working with the Lithium Team on integration and exploring other avenues to bring more price transparency to our platform.
said 0xAlpha, Co-founder & CEO of Deri Protocol
Lithium Finance is building an on-chain data oracle that remains one of the most important missing links between real-world asset investment and DeFi. By leveraging collective intelligence and proprietary technology, we will generate pricing for hard-to-value assets like pre-IPO stocks, NFT’s, and lots more.
Deri Protocol has identified a huge need for on-chain derivatives trading and has taken this further with the introduction of real-world assets. We have a similar goal at Lithium to bridge the gap between real-world assets and DeFi — this partnership is a huge step forward for both teams and I look forward to working closely with our new partners.
said Kelvin Lam, CEO of Lithium Finance
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle that provides precise and timely pricing information on private and illiquid assets. Their protocol leverages crowd wisdom and the DMI-mechanism to provide pricing on hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets.
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Deri is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
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