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Grayscale Introduces Lido DAO Trust For DeFi Enthusiast
In a recent announcement, Grayscale has taken the initiative to launch its ‘Grayscale Lido DAO Trust’ for investors who are keen on exploring decentralized finance (DeFi) opportunities. This latest product aims to provide exposure to LDO tokens, which are directly associated with Lido DAO governance.
This innovative offering is significant as it marks one of the first instances where a security solely invests in and derives value from the LDO token’s value. The Grayscale Lido DAO Trust offers an attractive option for investors who wish to gain exposure to LDO tokens as a ‘security’ while avoiding the cryptocurrency’s inherent high volatility.
The company’s official page clarifies that “Shares of the Trust (based on LDO per Share as indicated below) are designed to track the LDO market price, less fees and expenses.”
Source: www.cryptonewsz.com
