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PancakeSwap introduces portfolio management feature

Decentralised exchange PancakeSwap has introduced a new feature in collaboration with DeFi protocol Bril Finance, offering portfolio management functionality.

The latest addition allows users to deposit their tokens into specialised vaults that are automatically redistributed using a liquidity provision algorithm. The internal teams noted that it has the potential to generate higher risk-adjusted returns.

Users now have the option to deposit various tokens, including Tether (USDT), Bitcoin BEP 2 (BTC), BNB (BNB), and Ether (ETH).

In a statement, PancakeSwap expressed their intention to become a one-stop shop for portfolio management, stating, “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."

In addition to the launch, PancakeSwap will also be rewarding users with increased rewards in their governance token, CAKE, for the first four weeks of this feature.

Currently, PancakeSwap is the sole platform providing access to Bril's portfolio management system, solidifying its position as the second-largest fully decentralised exchange in terms of trading volume.