Proposal for CAKE Rewards on Bril Finance’s Vaults

PancakeSwap Welcomes Bril Finance’s Integration to Position Manager on BNB Chain!

Dear CAKE holders, we’re excited to announce an extension for CAKE rewards on Bril’s vaults.

Bril Finance offers a DeFi integration that helps users manage their assets, optimize their earnings, and reduce the effort needed for managing positions.

Users can deposit single-sided assets into Bril's vaults which are managed by Bril's smart contracts. These smart contracts will allocate the assets into PancakeSwap's v3 AMMs with a range of automated liquidity strategies to earn CAKE yield for users.

The CAKE rewards on Bril’s vaults have been adjusted to ensure CAKE is distributed in a sustainable and beneficial manner for CAKE holders.

Bril Finance’s Vaults & Liquidity Pools:

Deposit single-sided assets to earn additional CAKE rewards on top of LP rewards. (Please note that the deposit token is the first token in the pair).

For example, for the USDT-WBNB (0.05%) pair, users will deposit USDT ONLY, and the SC will execute strategies to utilize the deposited USDT for the USDT-WBNB (0.05%) LP.

Vaults with an additional 1000 CAKE rewards:

• WBNB-CAKE (0.25%)
• USDT-CAKE (0.25%)
• BTCB-CAKE (0.25%)

Vaults with an additional 400 CAKE rewards:

• USDT-WBNB (0.05%)
• BTCB-USDT (0.05%)
• ETH-CAKE (0.25%)
• (NEW) USDC-ETH (0.05%)

CAKE rewards will be distributed with the following criteria:

• Distribution duration: 28 days
• Total tokens: 4600 CAKE
• Start time: Approx. 1200 UTC on 27 Nov 2023
• Finish time: Approx. 1200 UTC on 25 Dec 2023

The CAKE tokens will not come from increased emissions, but rather will be taken from our ‘Multichain Warchest’ allocation. The yield from Bril’s vaults will encourage more users to deposit single-sided assets, increasing LP liquidity, and ultimately leading to greater CAKE burn from increased volume and fees.

Image taken from our tokenomics page

Before the Finish Time of 25 Dec 2023, we will evaluate the performance of the vaults, and if appropriate, determine whether further incentivization would benefit CAKE holders.

Bril’s Manager Fee

There will be a 7% manager fee introduced on all LP rewards earned via Bril Finance’s vaults.

How do you deposit into Bril’s Vaults?

Deposit single-sided assets into Bril’s Vaults on PancakeSwap’s Position Manager:

https://pancakeswap.finance/position-managers

What is the difference between Bril Finance and ICHI?

Bril Finance and ICHI are partnering to provide users with the above single-sided asset vaults.

Bril Finance will be the user-facing interface, while ICHI will handle the smart contracts for the vaults.

To learn more, visit the project’s official channels:

• Website: https://bril.finance/
• Docs: https://docs.bril.finance/
• Twitter: https://twitter.com/bril_finance
• Discord: https://discord.com/invite/bJkWEE7Vwc
• Audits: https://docs.ichi.org/home/technical-resources/audits

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official Bril’s vault contract addresses on BNB chain are:

• USDT-WBNB (0.05%): 0x553A31Bb23218a10FF1fFE6492f0D3C71fb88D24
• USDT-CAKE (0.25%): 0x0Def612e7a7b51ca7Ee38f7905dA809BD3491268
• BTCB-USDT (0.05%): 0x585374f0502B8E2814e5A3eB16B06DB964610b77
• BTCB-CAKE (0.25%): 0x4005A85F68f307cD97e23F7710162E1eBE6139Ac
• ETH-CAKE (0.25%): 0x17A39482e7f42ebB0f65d2978dcB1423E399D07a
• WBNB-CAKE (0.25%): 0x8f22d7B80446F1dc4C5eb47F2038e17CA0306e0D
• USDC-ETH (0.05%): 0x57424fF60D0a23cB13CAf995c39E41FDB7c4fc1f

To deposit a single-sided asset into Bril's vaults, go to the PancakeSwap’s Position Manager page here. Be careful of scam websites and always double-check the website URL before proceeding.