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Decentralized Crypto Exchange PancakeSwap Soars 91% In A Week After Adding Portfolio Manager Functionality

Grand News Network | November 6, 2023

PancakeSwap (CRYPTO: CAKE), a popular decentralized crypto exchange, has witnessed a surge of 91% in just one week following the introduction of its portfolio manager functionality.

What Happened: The announcement, made on October 30th, revealed that this new feature has been integrated through a collaboration with Bril Finance, a decentralized finance (DeFi) protocol.

With the implementation of this feature, users of PancakeSwap can now easily deposit tokens into single-asset vaults using the exchange’s user interface.

Once these tokens are deposited, they are assimilated into a liquidity provision algorithm accompanied by automatic rebalancing. The development teams of PancakeSwap and Bril assert ...

Full story available on Benzinga.com


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