Deri Protocol, a decentralized derivatives trading protocol, has just joined the Lithium Finance ecosystem as a Wisdom Seeker for pricing assets, together with stocks, commodities …
Oracle’s integration of Lithium will allow a constant movement of pricing data across the Deri ecosystem. With an normal each day derivatives trading volume of $ 80 million, by means of Deri, assets this kind of as NFTs, commodities and stocks will be tokenized and conveniently applied in other DeFi tasks.
0xAlpha – Co-founder and CEO of Deri Protocol shared: “We are delighted to companion with the leader of the information Oracle Lithium. Together, we will integrate and examine new approaches, bringing better cost transparency to our platform. “
Lithium Finance is nonetheless developing an on-chain information oracle platform, which is a single of the most crucial missing back links among true-globe asset investing and DeFi. Leveraging the wisdom of the crowd and proprietary technologies, Lithium will deliver exact pricing information for assets that are inherently tricky to worth this kind of as pre-IPO stocks, NFTs, and so on.
Kelvin Lam, CEO of Lithium Finance stated: “The Deri Protocol recognized a substantial have to have for chain derivatives trading and brought this to existence. At Lithium, we also have a comparable intention of bridging the gap among true globe assets and DeFi – this partnership is a substantial stage forward for the two organizations and I seem forward to the two of them supporting each and every other additional closely in the long term. . “
About Deri protocol
Deri Protocol = (Perpetual Future + Perpetual Options) x Decentralized.
Deri Protocol is a decentralized derivatives trading protocol. Deri features trading by offering entry to perpetual alternatives and perpetual futures contracts in a decentralized surroundings. Trading on Deri will take location in accordance to the AMM (automated industry building) model and derivative positions are coded as NFT.
Lithium Finance Information
Lithium Finance is an Oracle pricing information platform that allows the pricing of illiquid assets. Lithium Finance offers customers with entry to constrained key industry (OTC) cost information generally held by brokers, senior executives or M&A authorities with quite a few many years of working experience. Lithium Finance is a platform that encourages the sharing and privacy of public information. The undertaking will reward customers who deliver straightforward data and punish people who deliver incorrectly priced information. From there, the industry will have entry to the costs of all tricky-to-worth assets this kind of as pre-IPO stocks, personal equity and other illiquid assets.
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