Overview

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In this alter, Grayscale eliminated two coins, Bancor (BNT) and UMA (UMA), changing them with the Amp (AMP) token. No tokens have been additional or eliminated from The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include Grayscale Decentralized Finance (DeFi) Fund is among the first investment vehicles invested in, and deriving value from, a basket of decentralized finance applications in the form of a security Grayscale's DeFi Fund primarily invests in Uniswap (58.07%), Aave (18.65%), Maker (9.31%), Lido DAO (9.18%), and Synthetix (4.79%). This composition reflects the fund's focus on During this rebalancing, the firm announced removing Bancor [BNT] and Universal Market Access [UMA] from the index, meanwhile adding AMP using the cash proceeds. As a result of the rebalancing, bancor (BNT) and universal market access (UMA) have been removed from the Defi Fund. AMP is the native token of the Flexa network Crypto asset management firm Grayscale announced Tuesday a shake-up in the constituents of its DeFi fund as part of its quarterly rebalancing. The firm, which is owned The crypto asset management company Grayscale announced on Tuesday that it will adjust its DeFi index constituent stocks. It stated that Bancor and UMA will be removed from the index As a result of the rebalancing, bancor (BNT) and universal market access (UMA) have been removed from the DeFi Fund. AMP is the native token of the Flexa network As for the new addition, AMP is a token that is used within the Flexa Network as a form of collateral. AMP will make up 7.39% of the fund. Other assets in the fund include Uniswap and

Uniswap, Aave, & AMP Added to Grayscale DeFi Index; Bancor Left Out

Crypto asset management firm Grayscale announced Tuesday a significant shake-up in its DeFi fund constituents as part of its quarterly rebalancing. The Grayscale Decentralized Finance (DeFi) Fund is among the first investment vehicles invested in, and deriving value from, a basket of decentralized finance applications in the form of a security.

In this alter, Grayscale eliminated two coins, Bancor (BNT) and UMA (UMA), changing them with the Amp (AMP) token. As a result of the rebalancing, bancor (BNT) and universal market access (UMA) have been removed from the DeFi Fund. AMP is the native token of the Flexa network. The firm, which is owned, stated that Bancor and UMA will be removed from the index.

Grayscale DeFi Fund Rebalancing: Key Changes

The crypto asset management company Grayscale announced on Tuesday that it will adjust its DeFi index constituent stocks. No tokens have been additional or eliminated from The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include:

Addition: AMP (7.39% of the fund)
Removal: Bancor (BNT)
Removal: Universal Market Access (UMA)

Current Grayscale DeFi Fund Composition

Grayscale's DeFi Fund primarily invests in Uniswap (58.07%), Aave (18.65%), Maker (9.31%), Lido DAO (9.18%), and Synthetix (4.79%). This composition reflects the fund's focus on key DeFi protocols. During this rebalancing, the firm announced removing Bancor [BNT] and Universal Market Access [UMA] from the index, meanwhile adding AMP using the cash proceeds.

Why AMP?

As for the new addition, AMP is a token that is used within the Flexa Network as a form of collateral. AMP is the native token of the Flexa network.

Impact of Grayscale's DeFi Fund Rebalancing

The inclusion of Uniswap, Aave, and AMP highlights the growing importance of these protocols in the DeFi space. The removal of Bancor (BNT) may reflect its performance compared to other DeFi tokens. This shift demonstrates Grayscale's commitment to keeping its DeFi fund aligned with the evolving landscape of decentralized finance.