Sunday, October 2

Grayscale rebalances its DeFi Fund, bypassing Bancor (BNT) and UMA By CoinTelegraph

© Reuters. Grayscale rebalances its DeFi Fund, bypassing Bancor (BNT) and UMA

Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted the weights of its Digital Large Cap Fund.

A January 3 announcement details the changes Grayscale has made to its two funds. The weights of the DeFi Fund have been rebalanced with the addition of AMP, the native guarantee token of the Flexa payment network, while those of Bancor (BNT) and Universal Market Access (UMA) have been eliminated.

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Flexa uses the AMP token to collateralize cryptocurrency payments and settle them in fiat to recipients, allowing merchants to easily accept cryptocurrencies.

Read the full article on Cointelegraph

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