Product Teaser: Lithium Finance Wisdom Node Dashboard
Lithium Finance is proud to give a sneak peek of our product to our community. This came after the dual IDO + IEO on Polkastarter and KuCoin earlier this month. Since the public sale, members from our community have been showing their passion for our product development and would like to know more about our product roadmap. This article lets our communities visualize what our product will be like and how it will work. Please note that screenshots here are for illustrative purposes and do not contend to address any investor’s financial objectives, situation, or specific needs.
Wisdom Node Dashboard
The Wisdom Node Dashboard summarizes their overall performance and what questions are available for them to answer. Once the wallet is connected, it will show the number of claimable LITH tokens.
In the Question Sets section, questions for Wisdom Nodes are divided into categories. For example, the valuation of BlockFi and Dapper Labs will fall under the Crypto Companies category. Beeple’s The First 5000 Days and Larvalabs’ CryptoPunks will go under the Digital Collectibles category. Wisdom Nodes can also see the total amount of LITH tokens staked in each question and the time left for answers.
Question Set
The primary purpose of Wisdom Nodes in the Lithium ecosystem is to answer questions from Wisdom Seekers regarding the valuation and pricing of specific private assets. When a Wisdom Node picks up a question from the Dashboard, the Node will be redirected to the Question Set page, which looks like the screenshot below.
The Wisdom Node will need to answer a series of questions from the same asset category and indicate their confidence percentage for each answer. Last but not least, the Wisdom Node will need to stake LITH tokens to show how confident they are of getting the answers correct. The more LITH tokens a Wisdom Node staked, the more confidence it indicates.
Reward Claiming & Answers History
Once the question set expires, Wisdom Nodes are no longer able to submit answers. When a sufficient number of honest nodes reach a consensus, Wisdom Nodes will see the results in the History/My Answers section, similar to the screenshot below. Note that the more random answers or bot responders will not move toward a final goal. Only honest and accurate answers will move the protocol toward reaching consensus.
If the Wisdom Nodes answered honestly and accurately, the system would show the claimable LITH tokens of that question set and the set resolved on which block. On the other hand, if the Wisdom Nodes provided random or poorly answered or were simply dishonest, the system will show how many tokens they have lost from the set.
Conclusion
The Lithium team feels excited about the project’s developments. The screenshots here are a good example of how simple yet powerful Lithium is. In the coming weeks, the team will be announcing the official roadmap so that community members can learn more about our plans from a business and product perspective. As we continue to push forward to the internal testing of the product before launching on testnet, we look forward to hearing feedback from our communities. Welcome to join the conversation at our official Telegram group and Twitter.
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.
Official Links:
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