August 17, 2020 Huobi DeFi Labs forms consortium including Compound and MakerDAO

Huobi DeFi Labs, an incubation platform recently launched by Huobi Group, has joined with Compound and MakerDAO to form an “international consortium of centralized and decentralized financial service providers and platforms.” The consortium intends to bridge perceived gaps between Asian and Western DeFi communities and, more generally, centralized and decentralized finance. Other members include Nest and dYDx.