The world’s leading digital asset manager – Grayscale Investments – has readjusted its DeFi Fund. The firm rebalanced the financial product’s weightings with AMP (the native token of the Flexa payment Network), while Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) were removed.
Adjusting The DeFi Fund
According to a recent series of tweets posted by the company, this will be the first time AMP – a token employed to collateralize payments on the Flexa Network – has been included in Grayscale’s investment portfolio.
We have just announced updated component weightings for Grayscale #DeFi Fund, which now includes $AMP. This is the first time AMP will be included in a Grayscale investment vehicle. Read this thread for more: pic.twitter.com/jfKAih24cS
— Grayscale (@Grayscale) January 3, 2022
Grayscale explained that by “promptly settling payments in fiat,” the Flexa Network helps traders to accept payments in digital currencies “more easily.”
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