According to The Block, digital asset management company Grayscale added Lido Protocol’s LDO token to its DeFi fund, making it the second-largest component by weight.
Grayscale’s DeFi fund is now weighted as follows: Uniswap (UNI) accounts for 45.46%, Lido (LDO) accounts for 19.04%, Aave (AAVE) accounts for 11.53%, MakerDAO (MKR) accounts for 10.82%, Curve DAO Token (CRV) accounts for 7.03% and Synthetix (SNX) accounts for 6.12%.
“In accordance with the CoinDesk DeFi Select Index methodology, Grayscale rebalanced the DeFi Fund’s portfolio by selling a certain amount of existing fund components in proportion to their respective weightings and using the cash proceeds to purchase Lido (LDO) tokens,” Grayscale said in a company statement. “No tokens were removed from the DeFi Fund.”