LDO's weight in the Grayscale DeFi Fund sits at 19.04%, second only to Uniswap's UNI at 45.46%.
LDO’s weight in the fund sits at 19.04%, second only to Uniswap’s UNI at 45.46%.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Digital asset manager Grayscale added the Lido protocol's LDO token to its DeFi Fund, making it the second-heaviest component.
Grayscale's DeFi Fund is now weighted to include Uniswap at 45.46%, Lido at 19.04%, Aave at 11.53%, MakerDAO at 10.82%, Curve DAO Token at 7.03% and Synthetix at 6.12%. "In accordance with the CoinDesk DeFi Select Index methodology, Grayscale has adjusted the DeFi Fund’s portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase Lido ," Grayscale said in a companyLido is a decentralized liquid staking protocol that allows users to keep staked tokens liquid via a stand-in token, or stToken.© 2023 The Block Crypto, Inc. All Rights Reserved.
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