With the goal of promoting Decentralized Finance, the Singapore based exchange Huobi is cooperating with MakerDAO and Compound, announced on Monday.
The so-called “Global Defi Alliance” includes a collection of DeFi service providers and platforms. A total of five members make up the initial round of efforts, the list is below:
- Huobi (leading the effort.)
Their goal, according to Huobi’s chief investment officer, Sharlyn Wu, it is the first attempt in human history to build a financial system void of credit risk.