EToro Offers DeFi Diversification With New Portfolio
EToro’s DeFi portfolio is made up of 11 DeFi assets, including ETH, ALGO, UNI and LINK.
Sep 23, 2021 at 11:59 a.m. UTCUpdated May 11, 2023 at 7:08 p.m. UTC
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Trading platform eToro has launched a new portfolio offering exposure to decentralized finance (DeFi) through a package of crypto assets.
- The platform’s DeFi portfolio is made up of 11 DeFi assets: ether, uniswap, chainlink, aave, compound, yearn.finance, decentraland, polygon, algorand, basic Attention token and maker.
- Over a third of the portfolio is weighted to ETH, with 11.67% weighted to ALGO. The remaining nine assets’ weightings range from under 4% to just over 8%.
- Dani Brinker, eToro’s head of portfolio investments, said DeFi “may seem like a minefield” for investors without the “time to research every asset’s whitepaper.” The portfolio therefore aims to perform the “heavy lifting” on customers’ behalf.
- The minimum investment is $1,000.
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Jamie Crawley is a CoinDesk news reporter based in London.