The portfolio will track key assets in the DeFi ecosystem including Ethereum (ETH), Uniswap (UNI), aave (AAVE) and Chainlink (LINK)
eToro, a leading investment and trading platform headquartered in the UK, has announced a new investment product that tracks key crypto assets in the decentralized financial (DeFi) sector.
According to eToro, investors looking for investment opportunities in several leading DeFi projects now have the option to do so using the DeFi Portfolio product.
eToro added in the press release:
“Both smart contract blockchains and a selection of leading protocols are included in the portfolio, which gives you exposure to every corner of DeFi – from Uniswap to Yearn and beyond.”
Specifically, investors receive exposure to a single product that covers 11 projects. This includes important cryptocurrencies such as ETH, LINK, 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).
Dani Brinker, eToro’s head of portfolio investing, said in a statement that the DeFi sector emergency has opened up a new opportunity for investors. However, the sector is witnessing an explosion of new projects every other day, a scenario that could prove challenging for new investors in search of pearls.
He therefore summarized the role of eToro in such a way that it helps investors with selection and risk diversification. He shared:
“By packing a selection of crypto assets into a DeFi CopyPortfolio, we are doing the heavy lifting and enabling our clients to gain exposure and spread risk across a variety of cryptos.”
Access to the product starts at $ 1,000, with investors having the opportunity to view relevant tools and charts that highlight the performance of the product.