According to TechFlow, on August 1, Andrei Grachev, co-founder of DWF Labs, announced that his company is developing CeDeFi synthetic stablecoins. He posted on the X platform: "In line with our plan to become a global Web3 financial institution, I am pleased to announce that DWF Labs is developing CeDeFi synthetic stablecoins, which will allow users to earn substantial returns while maintaining asset flexibility. Stay tuned."