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Huobi Group, a blockchain-focused company, has announced what it is calling Huobi DeFi Labs, according to a press release.
“Huobi DeFi Labs is the platform for DeFi (Decentralized Finance) research, investment, and incubation and ecosystem building in DeFi space. It aims to build a better financial system in collaborations with the global crypto and DeFi community for the future,” the release notes.
We are excited to join as a part of the global DeFi ecosystem and will be very honoured to work with the global community to provide the best support possible.”
Sharlyn Wu, a veteran of Wall Street and the Chief Investment Officer of Huobi, will be the leader of the DeFi Labs, comments on the matter, stating:
“Over the past two years, we have witnessed the birth and exponential growth of DeFi. The width, depth and speed of innovations are unparalleled in human history. It is exciting to see the power of permissionless economy unleashed at global scale. However, there are still many problems to be solved at theoretical and technical level. There is also a lot of investor education to do in order to bring crypto and DeFi to mainstream users. As DeFi is still in its infancy, it needs collective efforts from the global community to build and grow the space together.”
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