New DeFi alliance to connect Eastern and Western DeFi markets

[Lenipiw]

The Chinese government is supporting a new global DeFi association. Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative.

Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players.

Called “Open DeFi,” the new alliance aims to connect Eastern and Western DeFi markets, uniting China-based blockchain leaders and global DeFi startups to streamline cross-border market growth, sustainability and innovation.
Visit Here: https://cointelegraph.com/news/new-defi-alliance-to-connect-eastern-and-western-defi-markets

[highnayem34]

According to a Sept. 3 announcement, the new alliance is supported by the Chinese government through the Shanghai Science and Technology Committee. Initiated by Conflux Network, Open DeFi comprises a number of industry players like major Chinese DeFi protocol dForce. Other participants include blockchain-focused venture capital firm Sequoia Capital, Blockpower Capital, Antelope Holdings, DeBank and MCDEX.