OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES

We’ve just launched four cryptocurrencies – Aave, Compound, Yearn and Decentraland – that you can buy and sell on the eToro marketplace.

Of course, every crypto project tells a story. So, we’re here to provide some pertinent details on each before you embark on your new investing journeys.

Aave (AAVE)

Similar to Uniswap (also recently added to eToro), Aave is a decentralized exchange (DEX) that relies on self-executing smart contracts (i.e., no custodian) for trading. On the Aave platform, users can deposit or borrow different assets, with the potential to earn passive income in the form of interest. AAVE is the protocol’s governance token.

Compound (COMP)

Similar to Aave, Compound is a decentralized lending platform. As two of the top DeFi projects built on the Ethereum blockchain, the platforms are expanding the financial uses for crypto beyond just payments and into loans, savings accounts and more. While Aave supports more assets and offers a wider variety of services, Compound recently announced its Gateway chain, which enables cross-chain collateral beyond the Ethereum network.

Yearn (YFI)

Launched in 2020, Yearn is another player in the emerging DeFi space, only with a more diverse approach. Essentially, Yearn.Finance acts as an entryway for multiple interest-earning crypto products, both of its own creation and ones built by other developers. The governance token, YFI, currently has a tight supply, making it particularly inflation-proof among crypto assets.

Decentraland (MANA)

A crypto-inspired simulation? It may sound far-fetched, but Decentraland is one of the more fascinating projects in an already fascinating space. Basically, the Ethereum-based platform is its own virtual world, where users can buy and sell digital real estate, as well as other virtual goods and services within Decentraland. MANA, the platform’s native token, is used to facilitate transactions.

Disclaimer

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

eToro USA LLC – investments are subject to market risk, including the possible loss of principal.

eToro AUS Capital Pty Ltd, AFSL 491139. eToro AUS Capital Pty Ltd offers CFDs over cryptoassets. Trading CFDs does not result in ownership of the underlying assets. CFDs are leveraged and risky financial products and may not be suitable for all investors. You may lose substantially more than your initial investment. This information is general advice only.  It has been prepared without taking into account your objectives, financial situations or needs, and you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. You should consider our PDS before making any decision about whether to trade CFDs.

This communication is for information and education purposes only and 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.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


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