Genesis Shards, a decentralized ecosystem of Polkadot employing NFTs as DeFi alternatives, has announced a co-operation with Lithium Finance. Genesis Shards will be a Wisdom Seeker in the Lithium ecosystem, receiving pricing information on pre-IDO tokens accessible on Genesis Shards. Lithium Finance will also join the Genpad pre-IDO launchpad as an Oracle partner, engaging with forthcoming projects as its price information supplier.
The two primary stakeholders in Lithium are Wisdom Seekers and Wisdom Nodes. Wisdom Seekers seek price on particular private assets from Wisdom Nodes, like pre-IDO tokens on Genesis Shards. Wisdom Nodes who provide correct information get a reward, while those with misleading information will be penalized.
Wisdom Seekers like Genesis Shards will enhance the price process for all future offers, thanks to Wisdom Nodes’ expertise in pricing early-stage Blockchain firms. It will be a necessary component of infrastructure for DeFi to provide unique investment possibilities. It is also in line with Lithium’s goal of bringing more illiquid and private assets into the DeFi market.
David Lighton, Lithium Finance Co-founder said, Genesis Shards is a unique endeavor. It makes use of NFTs to introduce new investment possibilities for the DeFi community. The Lithium data oracle is intended to enhance the pricing process significantly. We appreciate the Genesis Shards team’s recognition of the necessity for a pricing infrastructure.
About Lithium Finance
Lithium Finance is the first price oracle powered by collective intelligence to provide exact and quick pricing along with illiquid assets. It compensates analysts who supply accurate data and penalizes those who provide inaccurate price data. Consequently, Lithium’s customers may price all difficult-to-value assets correctly, including pre-IPO shares, private equity, and other illiquid assets.
About Genesis Shards
Genesis Shards is a decentralized ecosystem backed by Polkadot redefining NFTs as DeFi options to create an interchain liquidity environment for pre-IDO tokens without requiring permission.