Much DAO: Open DeFi unveils DAO to support the entire ecosystem

Cointelegraph

Published May 06, 2021 01:26AM ET

Updated May 06, 2021 03:00AM ET

Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem.

The alliance launched in late 2020 with the goal of bringing together Western and Eastern DeFi projects and has since seen some of the sector’s top projects join its ranks including as Aave, Synthetix and Balancer.

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