Huobi Announces Establishment of Huobi DeFi Labs

Blockchain company Huobi Group announced on Monday the establishment of Huobi DeFi Labs. According to Huobi, Huobi DeFi Labs is a platform for decentralize finance (DeFi) research, investment, and incubation/ecosystem building in DeFi space. The platform notably aims to build a “better” financial system in collaboration with the global crypto and DeFi community.

The DeFi Labs will be focused on the following three areas:

  • Research of underlying financial theories and technology
  • Investment and incubation of DeFi projects
  • Work with the best DeFi projects to service the entire ecosystem

While sharing more details about the platform, d Leon Li, founder and CEO of Huobi Group, stated:

“Huobi as the leading crypto financial services provider in Asia and worldwide, our mission is to provide the best crypto financial products and services to our users regardless it is CeFi or DeFi. 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.”

Sharyn Wu, Huobi’s Chief Investment Officer, then added:

“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.”

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