The crypto trading platform Huobi is finally adding wallet support for MakerDAO tokens and decentralized apps (DApps). It will help the platform to cater its financial services and products to the public in a better way. Moreover, the Huobi group is also supporting an autonomous protocol, Compound for financing DApps.

Maker DAO’s abbreviation stands for decentralized autonomous organization. All the smart contracts and code wholly manages the entire decentralized organization without any human interference. However, users can make changes in DAO’s management via a consensus voting mechanism. MakerDAO holds its own stablecoin, Dai, a token as MKR and many other applications. Huobi Global CEO Livio Weng believes this wallet addition will help the exchange explore the potential of blockchain technology in financial sectors.

MakerDAO has always supported various organizations and project developments. In July, the social media giant Taringa! released a stablecoin with MakerDAO and Airtm. It announced to reward its users with points when they create popular content on the platform. Also, in June, the educational domain of Coinbase added a course on MakerDAO’s stablecoin Dai. The users can use this course for both learning and earning purposes. This is the first stablecoin to be involved in the course.