Grayscale Rebalances DeFi Fund by Relinquishing BNT and UMA Coins, Purchases Flexa’s AMP
Founded back in 2013, Grayscale has seen its assets under management rise to approximately $43.6 billion as of December 31, 2021.
$3.82
1H
-3.13%$0.1234
24H
-3.96%$0.1575
7D
-18.5%$0.8683
30D
-7.76%$0.3214
Founded back in 2013, Grayscale has seen its assets under management rise to approximately $43.6 billion as of December 31, 2021.
The number of prospective assets to be added by Grayscale has now been increased to 31.
Opium’s decentralized insurance contracts will work in accordance with UMA’s oracle solution that will offer derivative financial products for hedging the risks associated with SpaceX flights.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
The DeFi market has plunged over the last month of October as some of the top performers of summer 2020 have seen valuations crashing. Analysts think that the majority of the money from the DeFi market profit-booking has gone to Bitcoin.