Grayscale’s Q3 Rebalance Swaps MakerDAO for Aerodrome, Adds Story to AI Fund

The index-driven update tilts exposure toward Base-based liquidity protocols alongside AI-linked tokens.

Overview

Grayscale executed its quarterly index rebalance on Oct. 3 across the Decentralized Finance Fund, Smart Contract Fund, and Decentralized AI Fund.
In the DeFi fund (DEFG), MakerDAO was removed and Aerodrome Finance—built on the Base Layer 2 network—was added at about 6.6% using proceeds from MKR and proportional sales.
Post-rebalance DEFG weights show Uniswap at roughly 32.3%, Aave at 28.1%, Ondo at 19.1%, Lido at 7.0%, Curve at 6.9%, and Aerodrome at 6.6%.
The Decentralized AI Fund now holds Story (IP) at approximately 21–21.5% alongside NEAR, Bittensor, Render, Filecoin, and The Graph.
The Smart Contract Fund kept its component list intact and adjusted weights for Ethereum, Solana, Cardano, Avalanche, Sui, and Hedera to meet index rules.