Grayscale added AMP to its DeFi Fund, while BNT and UMA will no longer be part of the product.
Grayscale explained that by “promptly settling payments in fiat,” the Flexa Network helps traders to accept payments in digital currencies “more easily.”
In contrast, the crypto management firm informed that it had removed Bancor Network Token and Universal Market Access Protocol entirely from its DeFi fund. The company said there were no changes to any of its other products, including the Grayscale Digital Large Cap Fund.Launched in 2013 and based in the States, Grayscale Investments is the world’s biggest entity focused on cryptocurrency investing services. In November last year, its AUM reached an all-time high of $60 billion.its product in July 2021. The Decentralized Finance Fund enabled institutional investors to receive exposure to assets from that particular space.
The initial tokens included in the product were ten as Uniswap’s governance asset had nearly half of the weightings – 49.95%. Aave was next in line with 10.25%, while Compound was third with 8.38%. Curve – 7.44%, MakerDAO – 6.46%, SushiSwap – 4.83%, Synthetix – 4.43%, Year Finance – 3.31%, UMA Protocol – 2.93%, and Bancor Network Token – 2% were the other tokens part of the initiative., Uniswap still holds the most significant share of the pie with 43%, followed by Aave , Curve DAO Token , and Maker .
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