MakerDAO, Compound and dYdX join Huobi-backed DeFi consortium

Focused on developing projects in the field of decentralized finance (DeFi) Huobi’s cryptocurrency exchange unit has formed the Global DeFi Alliance — \”an international consortium of centralized and decentralized financial services providers and platforms\”.

According to the press release, the consortium was joined by projects such as MakerDAO, Compound, Nest and dYdX. 

In the near term, the organisers of the Global DeFi Alliance are set to admit new members.

The aim of the consortium is to promote DeFi projects and to develop the ecosystem, including by uniting disparate DeFi communities in the Asia-Pacific and Western regions.
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\nThe Huobi DeFi Labs founded the consortium earlier this month. The division has its own fund of tens of millions of dollars.

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