A portfolio manager feature was added to the decentralized cryptocurrency exchange PancakeSwap on October 30. Bril Finance, a DeFi protocol, collaborated with it to implement this functionality. Tokens may now be deposited into single-asset vaults on PancakeSwap via the user inte...
- It will provide customers with superior risk-adjusted returns than existing alternatives.
- For the first month after the service goes live, customers will also get incentives in CAKE.
The PancakeSwap and Bril teams assert that their products will provide customers with superior risk-adjusted returns than existing alternatives.
One-stop Shop for Portfolio Management
“We aim to become a hub for all of DeFi and integrations such as this, allowing us to become a one-stop shop for portfolio management. Bril’s automated technology and its integration with PancakeSwap will allow PancakeSwap users to enjoy the core features and functionalities they are already accustomed to and seamlessly earn on their assets in a hands-off manner.”
For the first month after the service goes live, customers will also get incentives in PancakeSwap’s (CAKE), the exchange’s governance token. PancakeSwap, according to the statement, would be the sole entry point into Bril’s portfolio management system at launch.
According to DefiLlama’s analysis of the top ten completely decentralized cryptocurrency exchanges, PancakeSwap has the second highest daily volume.
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