PancakeSwap “joins forces” with Bril to launch portfolio management functionality on platform
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PancakeSwap and Bril development teams emphasize that with this new feature, users can achieve higher risk-adjusted returns compared to other methods.
On October 30, decentralized cryptocurrency exchange PancakeSwap officially launched a new feature – portfolio management.
The new feature, developed by PancakeSwap and decentralized finance (DeFi) protocol Bril Finance, allows users to deposit tokens (USDT, BTC, BNB and ETH) into the platform’s asset vault. The assets are then automatically invested in different liquidity pools with an internal rate of return (IRR) of over 24%.
*Internal Rate of Return It is a measure of the compound annual growth rate of a project.
The PancakeSwap and Bril development teams emphasize that through the portfolio management feature, users can achieve higher risk-adjusted returns compared to other methods.
Additionally, users will be rewarded with additional CAKE tokens during the first four weeks of the feature’s release.
Pancake swap user interface. source: Pancake swap
“Our goal is to become a hub for DeFi and similar integrations, making PancakeSwap a one-stop shop for portfolio management. Bril’s automated technology and integration with PancakeSwap will allow PancakeSwap users to enjoy the core features and functionality they are already familiar with, and easily and seamlessly monetize their assets.”
Mochi, CEO of PancakeSwap
It is understood that PancakeSwap is the second largest decentralized cryptocurrency exchange in terms of trading volume. In May, PancakeSwap launched a pancake-themed game called Pancake Protectors. In September, the project selected Transak as its cryptocurrency payments provider.
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related news:
Pancakeswap v3 officially launched on Layer2 Linea mainnet
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PancakeSwap joins the ranks of DeFi giants in the zkSync era
PancakeSwap partners with Google Cloud to ‘revolutionize trading’
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