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PancakeSwap adds portfolio manager function in partnership with Bril

PancakeSwap adds portfolio manager function in partnership with Bril

Decentralized crypto exchange PancakeSwap has announced the addition of portfolio manager functionality in partnership with DeFi protocol Bril Finance. Users can now deposit tokens into single-asset vaults through PancakeSwap’s user interface. These tokens are then subjected to a liquidity provision algorithm with automatic rebalancing, offering higher risk-adjusted returns compared to other methods. The protocol supports deposits of Tether (USDT), Bitcoin (BTC), BNB (BNB), and Ether (ETH), and has already demonstrated an internal rate of return (IRR) of over 24% in tests. For the first four weeks, users will receive additional rewards in PancakeSwap’s governance token, CAKE. PancakeSwap will be the exclusive interface for accessing Bril’s portfolio management system. The exchange aims to become a hub for DeFi and offer users a comprehensive range of features and functionalities. PancakeSwap currently ranks as the second-largest fully decentralized exchange by daily volume, and has previously launched a pancake-themed game and integrated Transak as a payment vendor for fiat to crypto transactions.