Grayscale rebalances DeFi Fund dropping Balancer (BAL) and UMA
Major digital asset manager Grayscale has rebalanced the DeFi Fund for the second time since its inception in July 2021. Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund.A Jan. 3 announcement detailed the changes Grayscale made to its two funds. The DeFi Fund’s weightings have been rebalanced with AMP, the native collateral token of the Flexa payment network being added, while Bancor’s (BNT) and Universal Market Access (UMA) have been removed. Flexa uses the AMP token to collateralize crypto payments and....
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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s two funds. The first rebalancing employed the Flexa payment network’s native collateral coin. Related Reading | Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash? Hence, Grayscale DeFi Fund’s weighting was rebalanced....
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