eToro unveils new investment product called DeFi Portfolio

eToro unveils new investment product called DeFi Portfolio

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The wallet will follow the major assets of the DeFi ecosystem, including Ethereum (ETH), Uniswap (UNI), aave (AAVE), and Chainlink (LINK).

eToro, a leading investment and trading platform based in the United Kingdom, announce A new investment product that tracks the best crypto assets in the decentralized finance (DeFi) sector.

According to eToro, investors who are looking for investment opportunities in several top DeFi projects now have the opportunity to do so using the DeFi Portfolio product.

eToro adds in its press release:

“Both the smart contract blockchain and a selection of cutting-edge protocols are included in the wallet, giving you exposure to all corners of DeFi – from Uniswap to Yearn and beyond.”

Specifically, investors will gain exposure to a single product sampling 11 projects. It includes major cryptocurrencies such as ETHAnd Linkand UNI and AAVE.

Other assets in the mix are Yearn.finance (YFI), Compound (COMP), Decentraland (MANA), Basic Attention Token (BAT), Maker (MKR), Polygon (MATIC), and Algorand (ALGO).

Danny Brinker, Head of Portfolio Investments at eToro, said in a statement that the urgency in the DeFi space opened up a new opportunity for investors. However, the industry sees an explosion of new projects every couple of days, a scenario that can be difficult for new investors looking to pick gems.

So he summarized eToro’s role in helping investors choose and allocate risk. notice:

“By pooling a selection of active cryptocurrencies into a DeFi CopyPortfolio, we are doing the heavy lifting and allowing our clients to be exposed and spread risk across a variety of cryptocurrencies.”

Access to the product starts at $1000, and investors can view related tools and charts highlighting the product’s performance.

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