CAKE - Decentralized Crypto Exchange PancakeSwap Soars 91% In A Week After Adding Portfolio Manager Functionality | Benzinga
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 ...