Lithium Finance Formed an Alliance With Waggle Network
- Waggle Network will become a Wisdom Seeker in the Lithium ecosystem. Users and asset owners will be able to seek accurate pricing on assets offered in Waggle Market.
- Lithium Finance will provide a more fair and independent exchange environment for both the buyers and sellers on Waggle by providing valid and timely pricing information.
- The Lithium — Waggle partnership will help open up the primary market for retail investors and bring additional liquidity to assets.
Lithium Finance is delighted to announce the partnership with Waggle Network, a decentralized marketplace that enables retail investors to diversify their investments into the primary market. Waggle Network will participate in the Lithium ecosystem as a Wisdom Seeker and receive pricing information from Wisdom Nodes on assets offered through Waggle Market.
Wisdom Seekers and Wisdom Nodes are the two major stakeholders in the Lithium ecosystem. Wisdom Seekers will ask Wisdom Nodes the pricing on a specific private asset, in this case, would be the assets that will be offered on Waggle Market. Lithium’s system rewards Wisdom Nodes, who provide truthful and accurate answers while punishing those who give false and irrelevant information.
With the integration of Lithium, Waggle Network will offer comprehensive pricing on assets that will be available in the Waggle Market fairly and independently — a move that will benefit both asset owners and buyers. Furthermore, fair, accurate, and frequently updated pricing is key to bringing real-world assets into DeFi. The Lithium — Waggle partnership will be an excellent demonstration of how a private asset-focused pricing oracle could serve as an essential piece of infrastructure to bridge DeFi liquidity to real-world assets.
David Lighton, Co-founder of Lithium Finance, said,
“Our team feels excited about having Waggle as a Wisdom Seeker as we started to test our product internally. I’m sure the Waggle team sees the importance of having unbiased and fair pricing on assets when it comes to opening up the primary market for retail investors, and we are glad that Lithium is the solution for them.”
“Lithium Finance has provided us with the ability to price our offerings despite the novelty of our products. This partnership has definitely taken our pricing model up a notch and we can better provide our solution to the projects we work with in future. This is a huge step for us in our narrative to push for a decentralized, efficient, and empowering future for our users,” commented the executive team at Waggle Network.
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 Waggle Network
Waggle is a decentralized marketplace that enables retail investors to diversify their investments into the primary market. With their strong deal flows and strict due diligence procedure, they seek to provide the retail investors curated opportunities to purchase vested tokens previously inaccessible to them.
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