Huobi Launches Global DeFi Alliance for Protocol and Communication Standards

By Abhimanyu Krishnan | News | 18 Aug 2020

Huobi has launched the Global DeFi Alliance via its DeFi division, as announced in a press release published on August 17. The alliance is a consortium of DeFi entities with the agenda of best practices and overall development.

  • Goal of the alliance is to advance DeFi research and development, promote best practices, facilitate cross-border collaboration and develop the ecosystem
  • Also aims to “become the first to bridge centralized and decentralized financial communities” and “unite the fragmented DeFi communities across the Asia-Pacific and Western regions”
  • Alliance was initially led by Huobi CIO Sharlyn Wu, who previously supervised blockchain strategy and investment at China Merchant Bank International (CMBI) 
  • Members include Maker Foundation, Compound, NEST communities, dYdX and Huobi DeFi Lab
  • Additional members will be added in the months to follows, including wallets, protocols, research institutions, investment institutions, security companies, trading firms, and traditional financial institutions
  • Specific areas of focus include protocol and interaction standardization, adoption, security improvements and sustainability

How do you rate this article?



Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.