eToro Launches DeFi Portfolio with Eleven DeFi Cryptoassets

Fazzaco learned that eToro, a leading social trading provider, has announced the launch of DeFi portfolio to expand its investment product offerings.

According to the official press release, eToro's DeFi portfolio includes eleven DeFi cryptoassets: Ether (ETH), Uniswap (UNI), Chainlink (LINK), Aave (AAVE), Compound (COMP), Yearn.finance (YFI), Decentraland (MANA), Polygon (MATIC), Algorand (ALGO), Basic Attention Token (BAT), and Maker (MKR).

Initial investment starts from $1,000, and investors can access tools and charts to track the portfolio's performance, while eToro's social feed will keep them up-to-date on developments in the DeFi sector. 

"DeFi is one of the most talked about innovations in finance, with thousands of new cryptoassets emerging in recent months. But for people who don't have the time to research every asset's whitepaper, the market may seem like a minefield. By packaging up a selection of cryptoassets in a DeFi CopyPortfolio, we're doing the heavy lifting and enabling our customers to gain exposure and spread the risk across a variety of cryptos," commented Dani Brinker, head of portfolio investments at eToro.

As Fazzaco reported yesterday, eToro has further strengthened its brand presence on the football field with the latest sponsorship deal with Arsenal Football Club​, one of the most popular football clubs of the English Premier League (EPL).