While some governments want to make laws around Decentralized Finance or even forbid the access to it (such as in France, my country), some investment funds have completely understood the opportunity to make money through Decentralized Finance.
A product for the institutional investors
This index will not be intended to individual investors but reserved for the professionals only. Michael Sonnenshein, Grayscale's CEO had announced their interest around DeFi in a previous Squawk Box interview. The investors will be able to have an exposure to Decentralized Finance through their protocol investment, named the Grayscale DeFi fund. The DeFi is still very fashion today and has known a very huge rise during last year, reaching 55 billions $ in Total Value Locked.
What are the projects in the index ?
Grayscale has selected 10 different DeFi projects with especially near 50% of $UNI tokens.
This announcement could be profitable for those projects so if you have any of these assets I think it could be smart to hold it in your portfolio and see what happens. I personally own $SNX which is a project in which I hope and believe in a beautiful rise in the future. As you can see, this index is mainly focused on DeFi projects that have grown on the Ethereum blockchain first, not the Binance Smart Chain.
Do you have any of these assets in your wallet ? Tell me more in the comment sections.
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