eToro launches DeFi portfolio, offering investors instant diversification into several key DeFi cryptoassets

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Sep 23, 2021, 11:05 ET

LONDON, Sept. 23, 2021 /PRNewswire/ -- eToro, the global multi-asset investment platform, has today launched a DeFi portfolio, offering investors long-term exposure to key projects in the DeFi ecosystem, enabling them to become part of one of the most innovative developments in finance.

Decentralized finance (DeFi) is a movement that aims to bypass traditional financial intermediaries by putting financial services on the blockchain. Rather than merely decentralizing transactions (as with Bitcoin), DeFi aims to decentralize wider parts of the financial industry. This is accomplished through smart contracts, which are snippets of computer code that enable complex transfers and agreements to be carried out on the blockchain without the need for approval from a central authority body.

eToro's DeFi portfolio comprises 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).

Dani Brinker, head of portfolio investments at eToro, comments: "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."

eToro Portfolios offer investors ready-made, fully allocated exposure to various market themes. Bundling together several assets under a defined methodology and employing a passive investment approach, eToro portfolios are long-term investment solutions that offer diversified exposure with no management fees.

"Decentralized finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains," explains Brinker. "Both smart contract blockchains and a selection of leading protocols are included in the portfolio, giving you exposure to every corner of DeFi — from Uniswap to Yearn and beyond — without having to spend hours on research. We use eToro's unique position as an innovator within the crypto domain to revisit these projects and update the allocation and methodology down the line."

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 over sixty portfolios available on eToro.

Notes to editors:

Click here for more information on the Defi portfolio.

About eToro Group

eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 23 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real-time, and transact whenever they want.

Disclaimer:

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, authorized and regulated by the Financial Conduct Authority in the UK, and by the Australian Securities and Investments Commission in Australia.

This communication is for information and education purposes only. It should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient's investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index, or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

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