We're excited to kick start the week with our unique CafeSwap BuyBack Vaults to maximize profits for our Brewers to receive more rewards and maximum yields for our Brewers.
Here is a brief overview of how our Buyback Vaults work.
The new CafeSwap BuyBack Vaults will help decrease the selling pressure on our BREW/pBREW and boost the value of our tokens.
Head to our Buyback Vaults tab and start earning #BREW with the highest Apys. You can now deposit $CAKE and the following pairs to maximize your profits:
The Buyback vaults function by the indirect deposit of the tokens to the pools while distributing more rewards. For instance, if a user decides to deposit $CAKE in CafeSwap BuyBack vaults, the $CAKE will then be deposited into the source farm that is PancakeSwap. The token obtained from the deposited $CAKE will be auto-converted into $BREW tokens which will then be bought back from the market by selling the CAKE tokens to increase the price floor of $BREW eventually. As a result, the Buyback $BREW will be sent to CafeSwap single staking pool, generating more value for #BREW and resulting in higher APY.
Instead of auto- compounding, users will maximize their BREW/pBREW, earning more than the expected APY% to provide maximum yields for your investment without minting a single BREW!
We will be auto-compounding most platforms to obtain the highest buyback rate for BREW/pBREW increasing the price floor with contrast buying pressure and simultaneously burn a certain % of the rewards obtained from the Cafeswap single staking without affecting the APY% to give a better price floor for the tokens.
We are excited about what's coming to CafeSwap and we can't wait to tell you more!