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25 July 2021

This Is Why Grayscale Is Doubling Down On Its DeFi Bet With New Fund

This Is Why Grayscale Is Doubling Down On Its DeFi Bet With New Fund


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Digital asset manager Grayscale has launched a new DeFi fund with CoinDesk Indexes, according to a press release.

The fund will track the CoinDesk DeFi Index, created on May 10, 2021, to “measure the investable DeFi market” with a basket of tokens.

Since the beginning of July, the CoinDesk DeFi Index consist of the following assets: Uniswap(UNI) with 49.95%, Aave (AAVE) with 10.25%, Compound (COMP) with 8.38%, Curve (CRV) with 7.44%, MakerDAO (MKR) with 6.49%, SushiSwap (SUSHI) with 4.83%, and others.

Managing Director of CoinDesk Indexes Jodie Gunzberg claims that this new partnership with Grayscale demonstrates their commitment to introduce institutional-grade products to the market

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