CafeSwap is thrilled to start the week with a unique CafeSwap BuyBack Vaults, which are designed to optimize profitability for Brewers, allowing them to get additional prizes and yields.
Here’s a quick rundown of how CafeSwap Buyback Vaults operate
The new CafeSwap BuyBack Vaults will assist to alleviate selling pressure on the BREW/pBREW tokens and increase their value.
Start earning $BREW with the highest APYs by going to the Buyback Vaults tab. To maximize your profits, you can now deposit $CAKE and the following pairs.
The Buyback vaults work by depositing tokens into pools in an indirect manner while also distributing extra prizes. For example, if a user deposits $CAKE in the CafeSwap BuyBack vaults, the $CAKE will be transferred into PancakeSwap’s source farm. The $CAKE tokens will be auto-converted into $BREW tokens, which will then be bought back from the market by selling the CAKE tokens, thus raising the price floor of $BREW. As a result, the Buyback $BREW will be remitted to the CafeSwap single staking pool, resulting in increased value for $BREW and a greater APY.
Users will maximize their BREW/pBREW instead of auto-compounding, earning more than the projected APY percent to deliver optimum rewards for investments without minting a single BREW.
CafeSwap will auto-compound most platforms to obtain the highest buyback rate for BREW/pBREW, increasing the price floor with contrast buying pressure while simultaneously burning a certain percent of the rewards obtained from the Cafeswap single staking without affecting the APY percent to give the tokens a better price floor.
CafeSwap is a DeFi project that aims to make decentralized finance services accessible to the general public. The De-Fi protocol accomplishes this ambitious goal with a variety of innovative features, including a decentralized exchange, yield farming, staking, yield optimization, portfolio tracker, twin farms, and others.