Huobi DeFi labs, a platform for DeFi (decentralized finance) research, investment, development, and building ecosystem in DeFi space. It focuses to build a better financial system in cooperation with the global crypto and DeFi community for the future.
Leon Li, founder, and CEO of Huobi Group said that being the leading financial services provider in Asia, and worldwide, they must provide services to their users nevertheless it is CeFi/DeFi. They are excited to join as a part of the global DeFi ecosystem and will be very admired to work with the global community for enabling the best support required. The DeFi initiatives will be guided by Huobi’s Chief Investment Officer Sharlyn Wu, a wall street veteran, ex UBS has been the main blockchain investment at China Merchant Bank International.
SharlynWu, Huobi’s Chief Investment Officer mentioned that within the past 2 years, they had observed the birth and exponential growth of DeFi. The width, depth, and speed of innovations are incomparable in human history. It is inspiring to see the power of a permissionless economy discharged on a global scale. However, still there are many problems to be solved at the theoretical and technical levels. There is also a lot of investor education to do to bring crypto and DeFi to conventional users. As DeFi is still in its beginning stage, it needs aggregated efforts from the global community to build and grow space together. Huobi Group will allocate ten millions of dollars to an initial investment fund, which will be managed by Huobi DeFi Labs. The team comprising of 4 research and investment professionals initially. The DeFi Labs will be given importance in the following areas:
- Research of underlying financial theories and Technology.
- Investment and development of DeFi projects.
- Work with the best DeFi projects to service the ecosystem.
Sharlyn Wu explains why Huobi Group invests in the DeFi space and Huobi DeFi Labs’ mission:
DeFi brings many benefits including clarity and composability, which will improve the efficiency and governance of finance to the next level. Above all, for the first time, it is possible to create a financial system without credit risk and principal agency risk. This system provides people with trust, safety, and certainty which are not present in today’s society. When financial institutions, which are professional at pricing risks come in, they look at the risk parameters, they will mention that this trust-less model deserves better pricing because it removes the risks and misgivings caused by human behaviors. This will also benefit average users in the ecosystem widely as every user nevertheless where they can tap into the global liquidity pool and all the financial products globally through their mobile.
