On July 7, Grayscale introduced the LDO token to its DeFi fund. Thus, the platform’s action made it the second-largest token in its fund, trailing only UNI.
LDO Added to Grayscale DeFi Fund. LDO is Now 2nd Largest Token in the Fund
The platform tweeted about the update. With a share of 19.04%, Lido (LDO) is now the second-largest token in the Grayscale DeFi fund.
At the moment, Grayscale DeFi Fund owns 45.46% of each token in Uniswap, 19.04% of Lido, 11.53% of Aave, 10.82% of MakerDAO, 10.82% of Curve Token DAO, and 7.03% and 6.12%, respectively, of Synthetix and Curve Token DAO.
Grayscale Made a Statement
According to the company, it modified the DeFi fund’s holdings by selling a specific number of existing tokens at a set price per token and using the profits to purchase LDO.
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 (LDO). No tokens were removed from the DeFi Fund.
Grayscale
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