PancakeSwap adds portfolio manager function in partnership with Bril to bring Defi, NFTs, DAOs and Web 3.0 to users.
PancakeSwap adds portfolio manager function in partnership with Bril

PancakeSwap Launches Portfolio Manager with Bril Finance

PancakeSwap, a decentralized crypto exchange, has announced the launch of portfolio manager functionality in partnership with decentralized finance (DeFi) protocol Bril Finance. Users can now deposit tokens such as Tether (USDT), Bitcoin (BTC), BNB (BNB) and Ether (ETH) into single-asset vaults via the exchange’s user interface.

The liquidity provision algorithm with automatic rebalancing is designed to yield higher risk-adjusted returns than other methods. Tests have already achieved an internal rate of return (IRR) of over 24%. IRR is a metric that measures the compound annual growth rate for a project.

For the first four weeks of the feature’s release, users will also receive additional rewards in PancakeSwap’s (CAKE) governance token. As of now, PancakeSwap is the only interface that provides access to Bril’s portfolio management system.

PancakeSwap’s “Head Chef,” or CEO, Mochi, declared that the new integration would help the exchange become a major hub for DeFi, saying:

PancakeSwap is the second-largest totally decentralized crypto exchange in terms of daily volume, according to data from DefiLlama. In May, it released a pancake-themed game called Pancake Protectors. In September, it incorporated Transak as a vendor for making fiat to crypto payments.

Web 3.0, also known as the decentralized web, has been gaining a lot of traction lately. PancakeSwap has been leading the way in terms of DeFi, NFTs, DAOs, and Web 3.0. With the new integration, PancakeSwap is looking to become a major hub for all things Web 3.0.

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