The discount is the difference between the price of the underlying bitcoin asset and the value implied by the price of the trust’s shares.
Phase one for the project reached its 250,000 DOT token hard cap. Phase two is looking to net the remaining 750,000 DOT required to land a parachain.
IF will use the funding to develop its DeFi offerings and to build a multi-chain ecosystem.
WZEC is the first asset to be launched by “Wrapped,” a partnership between Ethereum tokenizers Tokensoft and qualified custodian Anchorage.