Exciting news from the kitchen! Our Position Manager now integrates seamlessly with Bril Finance, introducing their "Yield IQ" strategy. This robust tool streamlines single-token liquidity provision, allowing liquidity providers (LPs) to contribute just one token in PancakeSwap Farms and, in return, enjoy competitive APRs and a portion of the LP rewards.
What’s more? To celebrate our new strategy integration, LPs using the Yield IQ strategy can earn extra CAKE rewards for the next two weeks (details explained at the end). Seize this chance to enhance your returns! Join us on this journey as we delve into this innovative partnership and provide a detailed guide on harnessing the power of this strategy within the Position Manager.
What is the Vaults of Bril Finance
Bril’s Vaults offer a simple DeFi solution that empowers users to effectively manage their assets, harness their full earning potential, and minimize the effort required for position management. Bril Vaults enable you to deposit your favorite token into a smart contract. The smart contract manages the allocation of the deposit into an underlying PancakeSwap liquidity pool composed of the deposit asset and a paired assets.
These Vaults leverage concentrated liquidity on PancakeSwap, allowing users to maintain asset ownership, optimize their investment returns, and mitigate concerns surrounding volatile market conditions.
Experience "Yield IQ's" Power in Single-Sided Liquidity Provisioning
Firstly, what exactly is "Yield IQ"? Conceived through a partnership between ICHI and Bril Finance, "Yield IQ" operates under the governance of a self-executing smart contract. It brings forth a revolutionary, fully automated, single-sided concentrated liquidity provision strategy. This strategy effectively mitigates divergent losses by prioritizing rebalancing decisions based on token composition, rather than token price.
How Yield IQ Works on PancakeSwap v3
Yield IQ simplifies yield generation through liquidity provision in PancakeSwap. Users deposit their chosen tokens into PancakeSwap's Position Manager using Yield IQ's supported strategy. These assets are then allocated to concentrated liquidity pools within AMMs without the need for token swaps. In return, users receive LP tokens representing their share of the liquidity pool. Yield IQ continuously adjusts the liquidity position based on token composition and market conditions, allowing users to earn trading fees and enhance their token's value. It actively manages token composition to protect against arbitrage and market volatility, making it an accessible tool for consistent yields.
How to use Position Manager on PancakeSwap with Yield IQ’s Strategy:
1. Visit our Position Manager Page and select the trading pair from which you wish to enjoy APR from trading fees and CAKE yield by providing only one of the tokens in that pair.
Please note that the deposit token is the first token in the pair and it is highlighted in the front with a slightly bigger size. For example, in WBNB-CAKE, the depositing token will be WBNB.
In this case, we'll choose the pairs marked as "managed by Bril Finance'' to try out their strategy and experience the magic of single-sided concentrated liquidity provision.
2. Once you've chosen a trading pair, click on the "Add Liquidity" tab.
3. A dropdown will appear displaying the needed deposit token, info about APR, and the management fee for the strategy provider. Specify the quantity of the single token you wish to deposit and then select "Approve [Token]".
4. Review the details once more, and then click "Confirm".
You've adeptly provided single-token liquidity and are on your way to savoring rewards from both trading fees and additional CAKE yields!
*Images are for illustrative purposes only.
Note: After you've provided your liquidity, return to the Position Manager page. Here, you can see the token you've staked and the amount of CAKE you've earned at that moment. The Yield IQ strategy might help in transitioning your tokens into positions encompassing both tokens.
How to collect rewards, add or remove liquidity
Harvesting rewards, adding or removing liquidity is just as straightforward as usual. For a comprehensive farming guide, please visit here.
Support PancakeSwap's Position Manager
PancakeSwap's Position Manager is engineered to offer LPs a streamlined experience, minimizing losses while amplifying gains. For deeper insights into its functionality and our affiliations, please refer to our announcement blog.
Limited-Time Offer: Extra CAKE Rewards for Early Adopters!
To celebrate the integration of this strategy, we're thrilled to announce a special offer for our community. For the next two weeks, LPs who employ the Yield IQ strategy will be eligible to share additional CAKE rewards! Pools such as USDT/CAKE, USDT/BNB, and BTCB/USDT will be granted 1,000 CAKE per week, and BNB/CAKE, BTCB/CAKE, and ETH/CAKE pairs will be receiving 500 CAKE per week. Don't miss out on this golden opportunity to maximize your returns; dive in and experience the benefits firsthand!
🎉 Happy exploring!
The Chefs 🥞