Prophecy DeFi has appointed Peng Zhong to its advisory committee, effective immediately.
The CEO of DeFi software provider Tendermint, Zhong leads a team that builds applications to improve the usability, accessibility, and safety of blockchain for developers and end-users. Tendermint is a core contributor to the Cosmos ecosystem, which houses more than 250 blockchain projects and secures more than $100 billion in digital assets. Projects on the Cosmos ecosystem include Binance Chain, Terra, Crypto.com, ThorChain, Osmosis, Kava, Fetch.ai, Injective Protocol, Persistence, Akash, and Regen.
“I am excited to join Prophecy DeFi’s advisory committee,” said Zhong. “Prophecy’s team is poised to bridge this young but rapidly growing DeFi sector to mainstream investors. This team is extremely talented and equipped to accomplish great things.”
“As the chair of Prophecy DeFi’s advisory committee, I am delighted to welcome Peng Zhong aboard,” Alex Tapscott said. “As CEO of Tendermint, Peng oversees a dynamic and fast-growing organization which developed and built critical infrastructure for the Cosmos Hub, a top 20 network worth more than $10 billion fully diluted. Tendermint’s technology is mission-critical to dozens of projects in the Cosmos ecosystem and beyond. Peng is also sought out for his blockchain insights and DeFi expertise by global corporations.”
“We are thrilled to have Peng Zhong join as an advisor to Prophecy DeFi,” said John McMahon, CEO of Prophecy DeFi. “Peng has tremendous technical expertise and pedigree in both blockchain and DeFi and is recognized as a global leader in those communities. We look forward to Peng joining other industry experts on our advisory committee and collectively supporting Prophecy DeFi’s mission to become a market leader in decentralized finance.”
In connection Zhong’s appointment, Prophecy DeFi granted him 500,000 stock options which are exercisable at a price of $0.45 per share, with a vesting period of six months and an expiry of three years.