Would you consider $CAKE a good investment for the next Bull Run?

Following the launch of a new feature on the platform, decentralized exchange PancakeSwap ($CAKE ) has experienced a substantial price surge over the past day.

Currently trading at $1.57, $CAKE has witnessed a 29% increase in value in the last 24 hours. Additionally, the token has shown a 31% gain over the course of the past week.

This recent surge closely follows the introduction of PancakeSwap's new Position Manager tool earlier this week. This feature empowers users to deposit funds into a vault, which are then automatically assigned to liquidity pools for yield farming.

In a blog post, the PancakeSwap team highlighted that the Position Manager enhances capital utilization by automating liquidity provisioning. According to the developers, this automation should enable users to achieve higher yields compared to manual yield farming.

Initially, the new utility supports stablecoin USDT, along with BNB, Bitcoin (BTC), and Ethereum (ETH). PancakeSwap is further incentivizing the use of the Position Manager by offering increased CAKE rewards over the first four weeks.

As the second-largest decentralized exchange by daily trading volumes, PancakeSwap's latest feature release appears to be well-received by investors. The platform has witnessed a surge in usage in recent months amid the flourishing defi sector.

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