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September 18, 2020
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10 new projects join the Global DeFi Alliance |

Huobi’s decentralized finance consortium, known as the Global DeFi Alliance, has welcomed 10 new members. Thus, the total number of entities belonging to this association increased to 15.

10 new projects

The new members are DeFi projects: Curve Finance, Aave, Synthetix, Balancer, Loopring, Zapper, Zerion, Bitpie, Mykey and CoinGecko.

The above projects joined the founders Maker Foundation, Compound, NEST Community, dYdX and Huobi DeFi Labs to explore “cross-border collaboration opportunities” and promote the development of the DeFi ecosystem.

The DeFi Global Alliance began operations a month ago. Its mission is to collaborate between decentralized financial projects from both the Western and Eastern Hemispheres.

“All members have contributed significantly to the development of the DeFi ecosystem and we are delighted to be part of the Global DeFi Alliance.”

– said the founder and CEO of Aave – Stani Kulechov.

In Huobi’s September 15 announcement, chief investment officer Sharlyn Wu said:

“We appreciate all new members of Global DeFi Alliance and look forward to working with them in various fields. From user education, sharing practices, standardization of protocols, risk management to supporting the development of a global decentralized financial ecosystem. “

The Alliance will host webinars and events to raise awareness of DeFi and educate companies and users in the Asia region. Representatives of Synthetix and Aave, before joining the alliance, expressed their willingness to expand their activities in the Asia region.

Huobi noted that additional DeFi players as well as representatives of the centralized financial sector would be admitted to the alliance in the coming months.

News from the world of decentralized finance

The amount of BTC stuck in decentralized finance projects increased by more than 30% last week. The increase took place despite the decline in Bitcoin (BTC) and Ethereum (ETH) prices.

Binance CEO Changpeng Zhao is eager to adopt more DeFi projects on Binance Smart Chain (BSC) platform. In a twitter discussion with another user, Zhao explained that this step will reduce the load on the Ethereum network, which in turn will lead to lower gas charges. Zhao later emphasized that Binance Smart Chain is not a substitute or competitor for the Ethereum network and that it is compatible with it.

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