News24 September 2021

eToro, The Trading Giant, Has Launched a DeFi Portfolio

eToro Launches a DeFi Portfolio

Summary

  • eToro launches a DeFi portfolio
  • New portfolio tracks 10 DeFi assets.
  • Investors can buy-in for a minimum of $1,000.
  • DeFi TVL hits $172 billion, up 700% this year

eToro, a multi-asset trading protocol, has announced the official launch of a DeFi portfolio that will offer their clients access to the decentralized finance ecosystem.

The announcement done on September 23, the DeFi portfolio will be an index-type of investment made up of more than 10 DeFi assets. These will include Ethereum (ETH), Compound (COMP), Uniswap (UNI), Chainlink (LINK), Aave (AAVE), Decentraland (MANA), Yearn Finance (YFI), Polygon (MATIC), Algorand (ALGO), Maker (MKR), and Basic Attention Token (BAT).

This portfolio will introduce an easy way for investors to diversify their investment while still gaining exposure to the world of decentralized finance. This is an easy way of ensuring investors do not miss out on crucial DeFi innovations.

eToro offers an array of investment portfolios. It includes a crypto index with more than ten crypto assets that have experienced more than 350% in growth over the last financial year. This announcement came when the DeFi ecosystem numbers are on an upward movement, having hit an all-time high TVL of $190 billion in early September. The TVL is currently at $172 billion.

Kibet Elikana
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