Lithium Finance has announced its partnership with Finiminity, an innovative cross-chain investor services platform that makes fundraising easy for startups through DeFi.
Finminity 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 company valuations and investor risk profiles.
As a result, users of the platform will enjoy access to more reliable investors on the platform. Furthermore, users will also enjoy easier access to funds as more investors will be attracted to accurate and comprehensive assessments of startup valuations.
Wisdom Seekers and Wisdom Nodes are the accents of the DMI mechanism, an instrument that the Lithium oracle relies on. Wisdom Seekers request pricing on specific private assets, real-economy assets in this case, while simultaneously incentivizing and rewarding Wisdom Nodes, who offer truthful and accurate answers.
With Lithium’s integration, startups and SMEs utilizing Finminity’s platform will be able to take advantage of the crowd’s collective wisdom and get unbiased assessments of their accurate valuation in a decentralized fashion. This will ensure that more investors increase confidence in their valuation pricing, and users get easier access to funds. In the long run, this partnership could be a breakthrough for the future scaling of the DeFi investment services and crowdfunding market.
David Lighton, Co-founder of Lithium Finance, believes that
“Our dream with Lithium is to give accurate pricing information for private, illiquid assets. We are delighted that our cutting-edge pricing oracle will now power Finminity’s innovative cross-chain DeFi investor services platform. The partnership will go a long way in helping democratize access to safe and easy funding for startups and SMEs and strengthen the DeFi funding space in general.”
Ron Lahirih, the Founder of Finminity said
“With Finminity’s movement into the Crypto Analytical Services, we see Lithium Finance as our standout partner to fill out the Pricing Analytical services gap and provide an extended and over encompassing value to the investor and stakeholder network of Finminity.”
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.