East meets West as eight top projects join global DeFi alliance by marlinjoe

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· @marlinjoe ·
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East meets West as eight top projects join global DeFi alliance
<center><img src='https://s3.cointelegraph.com/uploads/2020-10/abeb164e-b7be-405b-87ba-82d6d21b9e6f.jpg' alt='STEEM POSTS' /></center>  

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 <p>The consortium's original members included Sequoia Capital, Blockpower Capital, dForce, MCDEX, Antelope Holdings, DeBank, and MoonSwap, and founder Conflux Network, with support also provided by the Shanghai Science and Technology Committee.</p><p>2020 has seen a spate of DeFi consortiums founded, with Ren and Polychain Capital launching the <a href="https://cointelegraph.com/news/polychain-capital-backed-defi-alliance-hits-51-members">Ren Alliance</a> in March, and TD Ameritrade and Cumberland DRW revealing the <a href="https://cointelegraph.com/news/chicago-defi-alliance-launches-to-save-decentralized-finance">Chicago DeFi Alliance</a> in April.</p> 

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