Grayscale and Coindesk Announced Their Partnership

Grayscale and Coindesk announced their partnership. The launch of Grayscale DeFi Fund and CoinDesk DeFi Index took place.

Grayscale Investments, the world's largest digital currency asset manager, and CoinDesk Index, a subsidiary of CoinDesk Inc., has launched a new and diversified investment product, the Grayscale DeFi Fund and CoinDesk DeFi Index. The Grayscale DeFi Fund will offer investors a product line of industry-leading DeFi protocols through the CoinDesk DeFi Index. Grayscale DeFi Fund is the company's fifteenth investment product and second diversified fund offering. Michael Sonnenshein, CEO of Grayscale Investments, said, "Grayscale continues to create opportunities for investors to access new and exciting parts of the digital asset ecosystem. The emergence of decentralized finance protocols is a clear example of technologies that could redefine the future of the financial services industry. Grayscale' We are proud to offer DeFi to investors through our trusted and industry-leading investment products." CoinDesk DeFi Index aims to provide broad-based and comparative data of DeFi protocols. The Index includes popular DeFi assets by market cap. As of July 1, 2021, Index consists of the following assets.

• Uniswap (UNI), 49.95%
• Aave (AAVE), 10.25%
• Compound (COMP), 8.38%
• Curve (CRV), 7.44%
• MakerDAO (MKR), 6.49%
• SushiSwap (SUSHI), 4.83%
• Synthetix (SNX), 4.43%
• Yearn Finance (YFI), 3.31%
• UMA Protocol (UMA), 2.93%
• Bancor Network Token (BNT), 2.00%

  Jodie Gunzberg, Managing Director of CoinDesk Index, said, "This partnership demonstrates our leadership in creating institutional-grade digital currency indices. Through this collaboration, we will provide investors with data and tools on decentralized financial products."