To the DeFi comunity,
This week, Grayscale introduced a new DeFi fund tracking asset allocations set by the Coindesk DeFi index. As with other Grayscale products, eligible (accredited) investors and institutions can buy into the fund to track the performance of a basket of blue-chip DeFi protocol tokens, with Grayscale working towards listing the fund on secondary exchange markets.
Today we’re unveiling Grayscale DeFi Fund, our second diversified investment product, which tracks the @CoinDesk #DeFi Index. Accredited Investors are now able to gain exposure to a selection of industry-leading DeFi protocols through the Fund. Learn more: https://t.co/i0hm9vrklB pic.twitter.com/QASEp9SpfK
— Grayscale (@Grayscale) July 19, 2021
Coinfund closed on $83 million in its third fundraiser since 2015, led by Venrock partners. Coinfund has already led or participated in 8 deals since March 2021, and was an early investor in high profile DeFi players like Balancer Labs, Maker, 0x, and The Graph, as well as other dapp projects like Livepeer and Decentraland.
— Kari Vanessa McMahon (@karivmcmahon) July 20, 2021
Decentralized exchange IDEX is making its way into the Polygon ecosystem, offering unique features like limit orders and front running protection with the familiar Polygon benefits of massive reductions in transaction costs. The official launch is expected within the next few weeks, adding ever more liquidity and DEX options to the Polygon L2 solution.
— Polygonians $MATIC (@Polygonians_) July 22, 2021
And Thesis raised $21 million in a Series A funding round with investments from ParaFi, Nascent, Fenbushi Capital, and more. Thesis portfolio projects include Keep, Saddle, and tBTC, and the venture studio is currently working on an open source Web3 wallet as an alternative to Metamask.
1/ Allow us to introduce ourselves.
And we have big plans.https://t.co/x2ckiW2Yev
— Thesis (@thesis_co) July 22, 2021
While DeFi opportunities on the Bitcoin blockchain are limited, most eyes are still glued to the original cryptocurrency when it comes to understanding which way the market is heading. So traders’ ears started to perk up after Bitcoin quickly recovered from a brief drop below $30k, potentially signalling a reversal of the now months-long downtrend in the…
Read More: defirate.com