Grayscale Launches Investment Products for Lido DAO and Optimism
Grayscale Investments is one of the largest asset managers Announce Launches two new investment products to expand product offering for its clients.
Notably, these products are designed to give investors direct access to two of the most important protocols in the Ethereum ecosystem: Lido DAO and Optimism, which focus on improving the scalability and efficiency of the network.
Grayscale will provide investors with access to Lido DAO, LDO and Optimism Protocol, OP governance tokens. Both tokens offer solutions for expanding and improving the Ethereum ecosystem.
Optimism is an L2 blockchain that helps scale Ethereum by reducing network congestion, providing users with cheaper and more efficient transactions. And Lido is a liquidity staking solution that can help protect the Ethereum network and promote the development of DeFi.
Rayhaneh Sharif-Askary, head of product and research at Grayscale, noted that Lido could help democratize staking on Ethereum, and that optimism is critical for Ethereum to be able to scale and compete with newer, faster L1 blockchains.
He added: “Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with protocols that help increase Ethereum’s efficiency, security, scalability and adoption of the broader DeFi ecosystem – in Ethereum. plays a key role in the story of Fang.”
The Trust is now open for daily subscription by qualified individual and institutional accredited investors. The trusts function similarly to Grayscale’s existing suite of single-asset investment trusts and invest only in tokens that support the Lido Protocol (LDO) and the Optimism Protocol (OP).
The products are available to qualified individual and institutional investors and operate similarly to other single-asset investment funds offered by Grayscale, such as Bitcoin and Ethereum funds.
With this move, Grayscale aims to strengthen its presence in the cryptocurrency market and DeFi space, capitalizing on the growing demand for technology solutions that improve Ethereum’s performance and accessibility.
