Grayscale Investments has announced the launch of two new investment vehicles. They are the Grayscale Lido DAO Trust and the Grayscale Optimism Trust. These trusts are designed to give investors with exposure to the governance tokens of Lido DAO (LDO) and Optimism (OP). Both tokens play crucial roles in the Ethereum ecosystem.

Key Details

• Lido DAO Trust: This trust offers investors the opportunity to gain exposure to LDO, the governance token for Lido’s platform. Lido provides a liquid staking solution for the Ethereum network, making staking more accessible and enhancing network security.
• Optimism Trust: This trust provides exposure to OP, the governance token for the Optimism protocol. Optimism aims to scale Ethereum. It reduces network congestion and provides cheaper, more efficient transactions through its Layer 2 blockchain technology.

Market Impact

The launch of these trusts is expected to expand Grayscale’s reach in the Ethereum Layer 2 and staking niches. These trusts are poised to play a critical role in enhancing Ethereum’s efficiency, security, scalability, and adoption within the broader DeFi ecosystem

Reference:

https://markets.businessinsider.com/news/stocks/grayscale-investments-introduces-two-new-investment-vehicles-grayscale-lido-dao-trust-and-grayscale-optimism-trust-1034129744