Huobi DeFi Labs, Huobi Group's newly-formed decentralized finance (DeFi) division, today announced the launch of the Global DeFi Alliance, an international consortium of centralized and decentralized financial service providers and platforms. The alliance was initially joined by Huobi in conjunction with the Maker Foundation, Compound, NEST communities, and dYdX to jointly advance DeFi research and development, promote best practices, and facilitate cross-border collaboration and ecosystem development between East and West.