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Huobi and DeFi, hand in hand - Huobi, the giant of crypto trading platforms, continues its foray into the world of DeFi, decentralized finance. The crypto-exchange announces that it will form an alliance with the Compound and Maker DAO projects (among others) to shape the future of finance.
A consortium to bring together the whole DeFi
On August 3, the Huobi platform announced the creation of the Huobi DeFi Labs , its branch entirely dedicated to new decentralized finance , currently very fashionable on the Ethereum network .
In a new press release published on August 17, the crypto-exchange and its specialized subsidiary now announce that they want to form the Global DeFi Alliance . This alliance is intended as an international consortium of providers and platforms of centralized and decentralized financial services.
In addition to the Huobi teams, the Global DeFi Alliance has so far been joined by the Maker DAO (stablecoin DAI issuer ), Compound (decentralized loans in cryptocurrency) projects, the decentralized network of oracles NEST and the exchange platform. decentralized dYdX derivatives .
The main objectives of this consortium are to:
- Doing advance research and development of DeFi;
- Promote best practices in the field;
- Facilitate cross-border collaborations .
“DeFi enables frictionless financial ecosystems, which benefit users by offering them more access and more possibilities (…). Cooperation of all actors in the sector, to share ideas and learn from each other, should help the space to develop smarter, faster and more sustainably. » , Rune Christensen, co-founder of MakerDAO and CEO of the Maker Foundation
DeFi: a new universe that wants to address the whole planet
In the coming months, the founding members of the Global DeFi Alliance plan to recruit other members , also from DeFi and CeFi (traditional centralized finance, with intermediaries).
“DeFi is an opportunity to create fair, efficient, transparent, secure and globally accessible financial markets (…). By sharing standards and best practices (…). We can help the industry build products that are ready to be adopted by the general public ” , Robert Leshner, Founder of the Compound Protocol
Indeed, education and adoption to the new environment that DeFi represents will also be an integral part of the consortium's development efforts.
“We hope to transform the traditional financial landscape (…) with a view to creating next-generation financial systems that will benefit billions of people around the world. » , Sharlyn Wu, Chief Information Officer at Huobi
The very young DeFi obviously needs to organize itself in order to grow. The Global DeFi Alliance initiative therefore goes in the right direction for this emerging sector. Who knows ? One day this grouping will perhaps even succeed in supplanting banking cartels.
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