It has been over two years since I last saw Sharlyn Wu, Huobi’s new Chief Investment Officer, during a bustling, pre-pandemic crypto conference in New York and later on in Hong Kong. Wu, a rather low-key person, has been known in China’s crypto scene as the brains behind China Merchant Bank International (CMBI)’s investment in Nervos, China’s home-grown, public blockchain, way before Nervos became an internationally recognized public blockchain. Prior to that, she spent a decade at UBS.
For this week’s da bing, I sat down (virtually of course) with Wu, to learn about her new role as Huobi Group’s DeFi-skipper.
Huobi, which launched in China in 2013 and became an enormous Bitcoin exchange, left in 2017 after the government banned crypto trading. The Huobi Group, now based in Singapore, operates one of the largest centralized exchange platforms in the world, Huobi Global and has offices throughout Asia. Wu’s DeFi lab sits under the group.
So what prompted her to join Huobi after an illustrious career on Wall Street? And how is she planning to steer the company through the roiling waters of DeFi?
DeFi 2.0 = CoFi ( Computable Finance)
“Finance is all about pricing risk, and risk management,” Wu told me. One risk that Wu thinks is essential but has not yet been sufficiently tackled is price oracles. “Price oracles are at the