Huobi, the leading crypto exchange, in the world, is forming a new fund to invest tens of millions of dollars of its capital in a decentralized finance space. The announcement of the Huobi DeFi Lab to manage the new fund was done, by the Huobi group. Sharlyn Wu, the former banking executive, is been appointed as the chief investment officer, by the crypto exchange, to research, invest, and incubate on DeFi related projects.