Lithium Finance Join Hands with Convergence Finance to Price Illiquid Assets

Lithium Finance
Jun 2 · 3 min read
Lithium Finance join hands with convergence finance
  • The partnership will put Lithium into action for the first time, assisting Convergence in pricing illiquid assets more effectively using Lithium’s collective intelligence mechanism.
  • The price discovery process of private assets in the Convergence system is expected to improve significantly with the help of Lithium.
  • The Lithium-Convergence collaboration sets a solid foundation for bringing real assets into the DeFi space.

Lithium Finance is thrilled to announce the partnership with Convergence Finance, the first AMM to make private assets interchangeable in the DeFi space. Lithium will help Convergence to regularly price illiquid private assets using collective intelligence. This is powered by the DMI mechanism or Determinant-based Mutual Information mechanism. This method allows participants to seek pricing information on specific private assets and incentivized pricing providers to give accurate and honest answers.

Lithium Finance will give much fairer pricing on private assets across the Convergence system. It’s expected to improve the overall price discovery process of such assets significantly. On top of that, this partnership is a critical part of bridging the gap between the real asset world and the DeFi space because there will be no trade of private assets when they cannot be priced correctly and reasonably.

Steve Derezinski, Co-Founder of Lithium Finance, added that “Convergence will be the first real application of Lithium Finance, and it will put years of academic research into real action. We can foresee the synergy between Lithium and Convergence will be huge, and this partnership could set an excellent example to showcase how powerful this technology can be.”

Oscar Yeung, Co-Founder of Convergence Finance, said, “A cutting edge private asset pricing oracle marries with an innovative private asset offering and trading platform, this partnership makes Convergence and Lithium a perfect duo in the DeFi space. We are truly excited about the partnership with Lithium.”

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LithiumFinance

The first decentralized data oracle solution to price the unpriced

LithiumFinance

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets that are currently expensive and difficult to value.

Lithium Finance

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Lithium Finance Uses Collective Intelligence to Price the Unpriced

LithiumFinance

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets that are currently expensive and difficult to value.