New Cryptoassets Available on eToro
As part of its ongoing commitment to offer all its users a broad variety of cryptoassets, eToro is happy to announce that it is launching a number of new tokens.
Now available on the eToro investment platform are the following cryptoassets:
Compound is a crypto that encourages investors to place COMP into lending pools and then rewards them with special tokens that can be used to take a loan for other cryptoassets offered by Compound. COMP borrowers can earn as well if their crypto becomes more valuable than whichever coin they used as collateral to borrow against.
AAVE is a decentralized finance token that encourages users to invest in the AAVE smart contract. In exchange for the collateral, investors receive interest-earning A-tokens. The unique feature is that users can choose which type of interest is earned based on the needs of their portfolio.
Yearn.finance is a collection of decentralized finance programs that utilize the YFI token. Investors can earn rewards on YFI by depositing them in yearn.finance contracts and yield farming to earn more tokens based on how much collateral they initially put up. Yearn.finance’s defi programs aim to locate the best interest rates, fast-track multi-investment trades in a single action, and encourage investors to utilize Vaults to manage their investments in a crypto mutual fund to earn better interest-based rewards.
MANA isn’t just another crypto. It’s the key to the first virtual reality world that runs on the Ethereum blockchain. With MANA’s unique opportunity afforded to investors, token-holders have the opportunity to purchase land in a three-dimensional VR environment and establish their own virtual presence shaped in their image. MANA also helps people purchase in-world services and items offered by companies and corporations that invest in the digital landscape.
The launch of COMP, AAVE, YFI and MANA brings the total number of cryptoassets available on eToro to 23.
Traders now have access to COMP, AAVE, YFI and MANA, together with BTC, ETH, BCH, LTC, XRP, DASH, ETC, ADA, XLM, EOS, NEO, TRON, ZEC, BNB, XTZ, LINK, UNI and MIOTA.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.