Cake DeFi is a fully transparent and regulated platform focused on building innovative products for crypto, and enabling users to earn cashflow from their cryptocurrency assets. Operating and registered in Singapore, Cake DeFi fully complies with all regulatory requirements of the Monetary Authority of Singapore.
Cake DeFi partners with the largest and most trusted institutional lenders in the cryptocurrency landscape including Genesis Capital – providing users one of the highest yields on its lending products.
By allowing its users to harness the potentials of Decentralized Finance, Cake DeFi’s aim is to onboard the masses onto crypto in a simple and hassle free manner.
Cake Defi Services
There are 3 main services that you can use at CAKE:
- Lapis Service
- Staking Services
- Liquidity Mining
Let’s look at the individual services in more detail.
Lapis service allows cash flow on your Bitcoins, Ether and Tether. Your capital and returns are fully guaranteed and risk-free, with possible bonuses. (Bonuses = additional returns to the guaranteed returns).
There are various forms of consensus building and thus consensus processes. In addition to Proof of Work (PoW), there is also Proof of Stake (PoS) – these are the two most well-known and important ways to reach consensus in a decentralized blockchain network. When using Proof of Stake, this means putting coins or tokens into so-called “nodes” to verify transactions for cryptocurrencies with Proof of Stake consensus mechanisms. Stakers receive staking rewards for providing this service. The rewards or rewards vary from coin to coin in this regard.
Important: With Staking you have no minimum term. You can participate at any time or take your Coins out of the Staking. Your rewards will be credited directly several times a day, depending on the coin. Your default settings are the same as with Lapis, that they automatically remain in the Staking.
Liquidity mining is also known as yield farming, but what is it really, and how can you take advantage of it? Liquidity mining is simply the act of providing liquidity via cryptocurrencies to a DEXs or decentralized exchanges.
Liquidity mining cannot be explained in a few sentences like the other products. If you are unsure about liquidity mining and the risks involved I invite you to watch this video from Dr Julian Hosp, the CEO and Co-founder of CAKE DeFi.
Cake Defi Benefits
So here are the main advantages of the platform:
- Registration Bonus – Up to 30$ in DFI.
- Easy to use – Great platform, 100% transparency.
- Easy to deposit – Direct deposit crypto or purchase on the platform, various methods.
- No minimum amount to invest – Because money is pooled, you can invest any amount.
- No time limits – Withdraw your funds at anytime
- 100% Transparency – See exactly how your money is put to work.
- Automation – Earning rewards is made easy with automatic real-time compounding.
- Confectionary Program – Gain extra benefits for upgrading (staking higher amounts)
- Referral program – Earn real money just for recommending people.
How to get started and get a $30 worth of DFI?
Here’s a quick step-by-step guide on what to do to get started:
- Register on Cake Defi Platform. You must use this link to receive reward!
- Login to your account and verify your account (KYC).
- Get $20 worth of DFI when you make a deposit of $50 or more. If you use a referral code, both you and your referrer get an extra $10!
- You will receive instantly 30$ of DFI. After this, you can withdraw your deposit anytime.The rewards will be locked for 180 days in the Confectionery program but you will automatically earn 88,6% interest during this time.
- Also, share your referral link and get $10 if your referral deposit in at least $50 in any cryptocurrency.
- Don’t forget to join our Telegram channel and follow us on Facebook.
Good advice: Always deposit more than $50. As long as the confirmations take place, the price can move downwards and you will not receive any rewards. Also count on fees. There are no deposit fees, but withdrawal fees yes. Detailed table of fees HERE. I personally made a deposit at BCH or LTC. Fees are low and transfers fast. Within minutes, I had my deposit back and the bonus credited.
How does the referral program work?
As you sign up with Cake you will be starting out at the Sweet Tooth level in our Confectionary VIP Program. Here you are receiving 0.025% (25%) of all the Lending entries of your referrals every Monday, as long as these funds are locked in the batch.
As an example: If your referral locked in 1.5 BTC into a Lending Batch, you will receive 1.5*0.025% = 0.000375 BTC every Monday.
Once you reach Apprentice Baker level or above, your referral reward will go up to even 0.05% (50%). You would then receive 1.5*0.05% = 0.00075 BTC.
Each referred friend must be new to Cake and successfully complete account sign up using the referral invite link or the referral code!
Just a warning though: if you want to retain the 50% referral bonus (0.05%), please make sure that you keep at least the Apprentice Baker level. Should you go below that, your referral bonus will automatically be adjusted.
I honestly believe that Pool by CAKE & CAKE DeFi provides an excellent service for anyone to invest in crypto. The best bit is they are passionate and 100% transparent.
I personally use all three options, the Lapis, Staking and Liquidity Mining for my investing. I have found them all to be faultless. I have even been paid more than the stated figures so I can not complain.
There are many scams out there in the crypto space, especially when it comes to DeFi, I have been scammed a few times myself. CAKE is 100% legit and can be trusted.
So what are you waiting for? Now you can have your CAKE and eat it too, what are you waiting for?