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Open DeFi Welcomes DeBank as Newest Alliance Member

Open DeFi is happy to share that DeBank is the latest member to join the alliance and provide insight and expertise to the liquidity track. DeBank will help provide Western DApps more exposure in the China market through their aggregation and dashboard platform as well as by utilizing Open DeFi’s resources.

Open DeFi was launched in September 2020 as a bridge across borders, cultures, and markets with the goal of fostering the growth of DeFi through focuses on risk, liquidity, and innovation.

DeBank DeFi wallet is a DeFi aggregator that combines a series of toolkits including a DeFi portfolio tracker, a Dex aggregator, a yield farming tool, a DeFi project list, and DeFi stats rankings to ease DeFi users’ daily operating.

“Adding wallets and aggregators such as DeBank will help build the fundamentals of this alliance and we look forward to working with the strong team at DeBank to help propel the DeFi market and provide simple to use interfaces that allow for new users to enter the market without deep knowledge. The goals of DeBank and Open DeFi are aligned as we are both committed to communicating the DeFi philosophy to the masses as well as constantly looking to add more value to DeFi through innovative solutions. We hope that through liquidity aggregation, token listings, and more we can help give DeFi startups the boost they need to succeed in new markets.” Eden Dhaliwal, Global Managing Director, Conflux Network

Established in 2019 by former Alibaba executives who are dedicated in promoting various DeFi protocols, DeBank leverages their protocol’s analytical ability to help users track their on-chain assets from different DeFi protocols and present users’ precise portfolio back to them for free.

“DeBank’s mission is to build a bridge between users and DeFi tech to bring secure, efficient and transparent financial services to everyone. We are looking forward to getting to know new DeFi projects and teams to help bring their innovative ideas to the masses.” — Chuck W., DeBank Wallet

Aggregation for DeFi protocols has emerged to be one of the key sources of liquidity for many DEXes and DeFi applications. As one of the main goals of the Open DeFi initiative is to source new liquidity and users to upcoming platforms, we hope that the partnership between Open DeFi and DeBank can help bootstrap liquidity and volume on innovative DeFi applications from the West who are looking to enter the Chinese DeFi market.

About Open DeFi

Launched in 2020, Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and advance the collaboration of DeFi projects across borders and blockchain networks. Through a unique program focused on risk management, new liquidity strategies, and innovation, Open DeFi brings together global CeFi and DeFi partners to drive the future of finance. Members include Conflux Network, Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, MCDEX and Shanghai Science and Technology Committee.

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Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and enable greater economic inclusion.

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