2 years ago
This nonfiction is adapted from CoinDesk Brasil, a concern betwixt CoinDesk and InfoMoney, 1 of Brazil's starring fiscal quality publications. Follow CoinDesk Brasil on Twitter.
Brazilian plus manager QR Capital's decentralized concern (DeFi) exchange-traded money (ETF) started trading connected the Brazil banal exchange, B3, connected Tuesday.
Under the ticker QDFI11, the DeFi ETF follows the Bloomberg Galaxy DeFi index, a modified marketplace cap-weighted benchmark tracking the largest DeFi protocols and apps: Uniswap (UNI), Aave (AAVE), MakerDao (MKR), Compound (COMP), yearn.finance (YFI), SushiSwap (SUSHI), 0X (ZRX), Synthetix (SNX) and Curve (CRV).
QDFI11 is the archetypal DeFi ETF to beryllium listed connected B3, wherever it traded astatine an archetypal terms of 10 Brazilian reals. The merchandise is unfastened to the nationalist and has a absorption interest of 0.9% per year.
In summation to QDFI11, QR has a bitcoin ETF and an ether ETF listed connected B3. "Bitcoin and Ethereum ETFs were conscionable the entranceway to a overmuch richer and much divers concern universe," QR Capital CEO Fernando Carvalho said successful a statement.
In January, QR’s main competitor, Brazil-based crypto plus manager Hashdex, announced plans to merchandise an ETF pursuing 12 DeFi tokens connected the Brazilian banal speech connected Feb. 17.
This nonfiction was translated by Andrés Engler, and edited by CoinDesk. The archetypal Portuguese tin beryllium recovered here.
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Paulo Alves is simply a crypto exertion astatine InfoMoney, a starring fiscal quality work successful Brazil.
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