Following last week’s market-wide crash, many investors are looking to buy the dip, with MANA, COMP, AAVE and YFI performing particularly strongly yesterday.
Where can I buy Decentraland, Compound, Aave and yearn.finance?
eToro just added MANA, COMP, AAVE and YFI to its wide range of available cryptocurrencies and it also offers lots of stocks and shares – so it’s well worth signing up if you’re thinking about starting your trading journey and are looking for a place to start. By signing up to eToro, traders can buy, sell and trade assets using the platform’s plethora of trading resources and make use of the copy trading platform to follow other traders.
What is Decentraland?
Decentraland is an Ethereum-powered virtual reality platform where players can create, explore, and monetise their gaming experience. The virtual world is made up of non-fungible tokens called LAND.
Users can buy LAND and make other in-game purchases with the game’s ERC-20 utility token, MANA.
In the last 24 hours, MANA experienced a trading volume of $225 million, as traders lined up to buy MANA Coin after the recent dip. Since the start of this year, MANA has increased by 955%.
What is Compound?
Compound is an algorithmic, autonomous interest rate protocol in the decentralised finance (DeFi) sector. Users can deposit their cryptocurrencies into lending pools to earn interest, while borrowers can deposit collateral to take out secured loans.
COMP is the platform’s native governance token and has seen a trading volume of $336 million in the last 24 hours as people buy Compound coin at the current low prices. COMP has experienced year-to-date returns of 180%.
What is Aave?
Another DeFi protocol, Aave also enables users to lend and borrow crypto by depositing their assets into liquidity pools or using crypto as collateral to take out flash loans.
AAVE provides its holders with fee discounts on the platform and governance rights. The coin has seen a trading volume of $1.1 billion in the last 24 hours as many look to buy AAVE coin before prices rise again. So far this year, AAVE has experienced gains of 318%.
What is yearn.finance?
Yearn.finance is a lending aggregator that aims to make the DeFi sector accessible to less experienced investors. The protocol automatically moves funds between Compound, Aave and dYdX to maximise yield farming profits for its users.
YFI can be earned by providing liquidity to the protocol and is used for platform governance. In the last 24 hours, the token has seen a trading volume of $1.5 billion as traders line up to buy yearn.finance coin in anticipation of a rise. YFI has already risen by 113% since the start of this year.
The post eToro Adds Decentraland, Compound, Aave And Yearn.Finance – Here’s How to Buy appeared first on Coin Journal.