Brent Xu, Head of Strategic Partnerships at Tendermint, Is Leaving Venture to Begin Cross-Chain DeFi Initiative

Brent Xu, Head of Strategic Partnerships at Tendermint, Contributor to the Cosmos Community, Former ConsenSys & Whiteblock (and a bond dealer earlier than getting into the decentralized finance and crypto house), lately revealed that he’s leaving Tendermint to start out a brand new cross-chain DeFi venture.

Xu writes in a weblog put up, revealed on Monday (April 26, 2021) that it’s been “a beautiful expertise working with the Tendermint workforce in constructing out the Cosmos community, and it was an honor to have this chance.”

He added:

“After I first joined, we had simply launched the Cosmos community and closed our sequence A funding. Quite a bit has modified since then. Today we have now an ever rising engineering workforce, a Peggy implementation for the Cosmos hub, in addition to a profitable IBC improve.”

Xu additional famous that he’s at all times been a “robust proponent” of decentralized finance since becoming a member of the Cosmos ecosystem. He additionally talked about that “one of many important areas of focus from my time main the technique workforce was in direction of constructing out DeFi initiatives and forming strategic partnerships with excellent groups.”

He continued:

“I found many robust engineering teams that have been simply as excited a couple of Cosmos DeFi future as I used to be, and dealing collectively has additional impressed me in direction of constructing out this ecosystem. One of many important initiatives that I’ve been pushing whereas at Tendermint was a Cosmos dex, and after going by way of many iterations, we lastly launched the Gravity Dex. I’ve additionally been extraordinarily enthusiastic about Ethereum associated instruments together with Ethermint in addition to the Gravity Bridge, and I’m deeply impressed by the extent of dedication that my colleagues have towards constructing out these platforms.”

He added that all through the years, he’s been lucky sufficient to have “labored with stable startups within the crypto house.” Xu additionally famous that he “initially helped construct out the ConsenSys workforce for the reason that early launch of Ethereum, and becoming a member of Tendermint with the aim of driving efforts in incubating, investing and forming partnerships with varied initiatives and initiatives was one of many biggest alternatives of my profession.”

He additionally talked about:

“After seeing a number of this constructive progress within the ecosystem and absorbing these experiences, I really feel that now’s the time to start a startup of my very own. I’m actually grateful for the help from the Cosmos group all through and in difficult me in direction of understanding what it takes to create a blockchain protocol!”

Xu additionally mentioned he’s wanting ahead to “constructing out the Umee Community to carry cross chain DeFi use circumstances to the Cosmos and Ethereum ecosystems.”