Grayscale launches investment products for Lido DAO and Optimism
One of the largest asset managers, Greyscale Investments, has announced the launch of two new investment products to expand its offering to its clients.
Specifically, these products are designed to provide investors with direct exposure to two of the most important protocols in the Ethereum ecosystem, Lido Dao and Optimism, which are focused on improving the efficiency and effectiveness of the network.
Grayscale offers products for investors who provide management tokens for Lido DAO, LDO and Optimism Protocol, OP. Both tokens provide solutions to expand and improve the Ethereum ecosystem.
Optimism, the L2 blockchain, helps scale Ethereum by reducing congestion on the network, providing users with cheaper and more efficient transactions. But Lido, a liquid staking solution, allows for the protection of the Ethereum network and the development of DeFi.
Reyhaneh Sharif-Askari, head of product and research at Greyscale, pointed out that Lido will help democratize stakes on Ethereum, but is optimistic that it will allow Ethereum to compete with newer and faster L1 blockchains.
“Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with protocols that will help increase Ethereum's efficiency, security, scalability and adoption in the larger DeFi ecosystem – playing a pivotal role in Ethereum's history,” he added.
The Trusts are now open for daily registration by eligible individual and institutional accredited investors. The trusts will operate like Greyscale's existing single asset investment trusts, and will only invest in tokens under the Lido Protocol (LDO) and Optisism Protocol (OP).
The products are available to accredited investors, both individuals and institutions, and operate similarly to other single-asset investment funds, such as Bitcoin and Ethereum funds.
With this move, Grayscale aims to strengthen its presence in the crypto market and the crypto sector, with the growing demand for technological solutions that improve the performance and accessibility of Ethereum.
