Dao Crypto eToro

eToro has launched many ‘Smart Portfolios’ for its investors to copytrade covering DeFi cryptos, Metaverse coins, and now DAO crypto projects.

Their latest type of copy portfolio was announced today, pinned to the news feed eToro has for various crypto tokens – including on the Terra Classic (LUNC) feed.

At the same time eToro announced another type of Smart Portfolio – ‘Scalable Crypto’ focusing on cryptos that aim to solve or improve on issues relating to scalability in cryptocurrency projects.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Dao Crypto Meaning

What is DAO crypto wise? DAO stands for decentralized autonomous organization, whereby investors have a say in the direction of the project – not just a centralized entity.

For example AAVE is a governance token where investors in it not only can profit when the value of the token rises, but also are incentivized to vote on how to develop the platform, and stake their tokens.

Dao Crypto Portfolio

Then if developers leave a crypto project, the community can still continue on with voting rights on who to elect in their position.

The eToro Dao Portfolio currently covers 11 crypto tokens that are the governance coins of DAOs, all are also related to decentralized finance (DeFi) as you’d expect.

We’ve reviewed how to buy all of the DeFi coins listed and their use cases on this site:

  • 0x (ZRX)
  • AAVE
  • Balancer (BAL)
  • Bancor (BNT)
  • Compound (COMP)
  • Curve (CRV)
  • DASH
  • Maker (MKR)
  • Synthetix (SNX)
  • Uniswap (UNI)
  • SushiSwap (SUSHI)

You can find more info on those DeFi tokens in the menu on Business2Community. Also follow us on Telegram for DeFi news.

Since the mid May 2022 crypto crash, many altcoins have now bounced and made strong recoveries as of June. Notably many of the top gainers in crypto this week were DeFi coins.

Related

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Our Rating

eToro
  • Buy Crypto & Copy Trade Professionals
  • Average 30.4% ROI in 2021
  • Average 83.7% ROI in 2020
  • Copy a DeFi or Metaverse Portfolio
eToro
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.