Everyone is familiar with them and no one likes them: bank fees, credit card fees, and low-interest rates on savings follow us every step of the way. Twenty years ago, you could make your hard-earned money work for you at 5% interest, your dream of financial freedom at retirement was assured, and your ambitions were just as great. Nowadays, you pay the banks and get negative interest. This system no longer works.
Our intention at Cake DeFi is to revolutionize this outdated system and bring back the good old days of fair and secure interest rates, allowing our users to earn returns from their cryptocurrencies and digital assets.
Everything we do follows the rule of being as transparent as possible. And this runs like a common thread through all of Cake DeFi’s services – whether it’s marketing, communications or operations management, we at Cake DeFi strive to be the benchmark for transparency in the crypto space.
What are Cake DeFi’s products and services?
All of our products have a great story and create real value for our customers. With our Lending service, we offer the ability to get a return on your crypto funds. With Staking, we offer our users a service to participate in the popular Masternode Staking with various coins. Our latest “cash cow” product is Liquidity Mining, where our users are rewarded for providing liquidity.
Standing still is a foreign word to us at Cake DeFi. That’s why we continue to introduce innovative products and services that our community demands.
At the beginning of July, we will unveil our long-awaited app to the public, and soon after, we will start with our updated VIP programme. Towards the end of the year, we will also offer stocks, commodities and other currencies on our platform – for the first time, it will be possible to set fully decentralized buy and sell orders for the most popular financial stocks.
What is Staking, Lending and Liquidity Mining?
Let’s start with one of our first products: Staking.
As in all blockchains, new blocks are mined and transactions need to be validated. The more coins or digital assets users hold on the blockchain, the more likely they are to receive a reward for validation. Cake DeFi greatly simplifies the staking process by automatically verifying transactions on the blockchain and rewarding users with the associated returns. The process is similar to that of a savings account, where interest is paid to you simply because you are HOLDing your money.
Our second product in terms of timeframe is Lending – formerly called Lapis.
With Lending, we offer the most transparent lending service of all cryptocurrency companies. What happens to our users’ BTC as they are deposited, and how Cake DeFi generates returns on it, is completely transparent and available for any user to check. We are able to achieve the most competitive returns of up to 8% per annum by lending to reputable institutional partners and effectively cutting brokerage costs by passing them on to our users.
Our newest product is Liquidity Mining, also known as Yield Farming.
It involves providing liquidity in the form of cryptocurrencies for decentralized exchanges (DEX) – in this case, DeFiChain DEX. As with all exchanges, the primary goal is to bring liquidity to the platform; our users are then rewarded for providing this liquidity.
Who is Cake DeFi particularly suitable for?
Our primary goal is to create the best one-stop platform for decentralized finance services that is easy and intuitive to use, both for newcomers and experienced crypto users. This means that all ages can have access to investments in decentralized finance products through Cake DeFi.
Which coins can be bought on Cake DeFi?
Through our partners, users can quickly deposit Bitcoin (BTC) and Ethereum (ETH) into their Cake DeFi account. The purchase of DeFiChain’s native currency, DFI, is also possible through Cake DeFi. The purchase process generally takes only a few minutes and is completed with a few clicks. Immediately after the purchase, the coins will automatically appear in your personal account.
Cake DeFi does not have its own token. Unlike other lending platforms, we do not have a so-called “company coin”. The DFI Coin is the native coin of DeFiChain, a blockchain project that brings decentralized finance to Bitcoin, and Cake DeFi is the staking and R&D partner for DeFiChain and has no other connection to DeFiChain besides this partnership.
Currently, our users get a fantastic 110% annual return with our DFI Staking product and without having to do anything to receive it. With our lending product, we not only make life difficult for banks, but we also offer some of the most attractive returns in lending for Bitcoin, Ethereum and Tether with rates of up to 8% per year.
If you wish to receive such high returns with our products and a $20 welcome bonus, open a Cake DeFi account today at this link: https://app.cakedefi.com/register
Discover more in our interview with CEO Julian Hosp:
The post Cake DeFi – Interest rates like in your grandmother’s days appeared first on The Cryptonomist.