On October 30th, the decentralized cryptocurrency exchange PancakeSwap officially introduced a new feature – portfolio management.
Developed in collaboration with the decentralized finance (DeFi) protocol Bril Finance, this new feature allows users to deposit tokens (USDT, BTC, BNB, and ETH) into an asset pool on the platform. These assets are then automatically invested in various liquidity pools, offering an internal rate of return (IRR) of over 24%.
*IRR is a measure of the annual compounded growth rate of a project.
The development teams of PancakeSwap and Bril emphasize that with the portfolio management feature, users can potentially earn adjusted profits with higher risks compared to other methods.
Additionally, in the first four weeks since the release of this feature, users will receive additional rewards in the form of CAKE tokens.
“Our goal is to become the hub of DeFi and integrated activities, thereby making PancakeSwap the one-stop destination for portfolio management. Bril’s automated technology and integration with PancakeSwap will allow PancakeSwap users to enjoy familiar core features and seamlessly earn money from their assets.”
Mochi, CEO of PancakeSwap
PancakeSwap is known as the second-largest decentralized cryptocurrency exchange by trading volume. In May, PancakeSwap introduced a double-themed game called Pancake Protectors. In September, the project selected Transak as the provider to facilitate cryptocurrency payments.