cake defi platform

What exactly is Cake DeFi?

Cake Defi is a Singapore-registered CeFi platform that offers interest on cryptocurrencies held. Investors must deposit their cryptocurrencies to receive interest. Cake DeFi was founded in Singapore in June 2019 by Julian Hosp and U-Zyn Chua, Defi Cake does not offer loans. It also offers educational videos, podcasts to educate yourself.

The declared goal is to make decentralised financial services (DeFi) and cryptocurrencies available and usable for everyone. It also aims to generate cash flow. Julian Hosp in particular is a very well-known crypto-influencer in the German-speaking world and has been active in this field for many years.

How does Cake Defi work ?

Cake is based on the DeFi Chain blockchain, and the associated coin is the DFI. So the "base currency" in which the rewards (your return) are paid out on Cake is almost always the DFI. Somewhat unusually, the DeFi Chain is a fork of the BitCoin block chain and thus not based on Ethereum, like many other (new) blockchains.

By the way, the Cake platform is an independent project. However, Julian Hosp and U-Zyn Chua, and thus Cake Defi, are heavily involved in the organisation of DeFi Chain. It is also important to note that DeFi Chain is a proof-of-stake blockchain.

cake defi liquidity mining

The services offered on the Cake platform

  • Liquidity mining - securing liquidity (the new service)

With Liquidity Mining, you deposit coins(BTC, ETH, LTC, USDT, BCH or DOGE) to provide liquidity to members who want to exchange cryptocurrencies. Rewards are paid out twice a day. The deposit takes place in a so-called liquidity pool.

  • Lending - lending services

The Lending Service enables the flow of money to your Bitcoins, Ether and Tether. You could call it a time deposit for your coins: You freeze e.g. 0.01 Bitcoin for 30 days and get your capital + interest back.

Your capital and return (usually around 5%) are fully guaranteed and risk-free, with possible bonuses. (Bonuses = additional returns on top of the guaranteed returns if the coins reach a higher price).

  • Staking / Masternodes

There are different forms of consensus building and thus consensus procedures. Besides Proof of Work (PoW), there is also Proof of Stake (PoS) - these are the two best-known and most important ways to reach consensus in a decentralised blockchain network.

When using Proof of St ake, this means that coins or tokens are placed in so-called "nodes" to verify transactions for cryptocurrencies with Proof of Stake consensus mechanisms.

The stakers receive a reward in the form of stakes for providing this service. The rewards vary from coin to coin.

  • Decentralised assets Shares in Cake Defi

Cake Defi has recently made it possible to invest in so-called dTokens. These reflect the value of shares such as Tesla, Google, Game Stop and many more. With CakeDefi, you now have the opportunity to invest in such shares without having to buy them on the stock exchange.

The return can also be maximised by participating in liquidity mining with these share pairs. There, a return of up to 150% is possible.

defi cake shares token
decentralised assets at Cake Defi

Cake Defi experiences

Testimonials from some Cake Defi users: Adam Prescott says: "Cake DeFi definitely delivers on its promise to generate cash flow".

One person on reddit says: "I would recommend it - but never go in with more money than you can lose. Personally, I currently have about 11% of my portfolio on the Cake platform and it's getting more every day. "

Cake Defi has been extensively reviewed on Trustpilot, where there are also only positive statements from users.

What you need to know about CakeDefi

CakeDefi is an excellent mining site for DFI coins. So, if you think this token will go "To the Moon", go ahead and use this platform. However, if you don't own Bitcoin and DefiChain tokens, the entry fees are low, so buying Bitcoin with Cake Defi and converting it to DFI is the best option.

For: The platform is super-friendly; you don't need to be a crypto expert to understand how it works: Add liquidity by depositing Bitcoins (or other accepted tokens) and that's it.

If you decide to mine DFI to exchange the rewards for other coins via Bittrex (this is my strategy), you can easily purchase other coins with the winnings you receive.

DEFICHAIN - What exactly is that?

is a blockchain that advocates fast, smart and transparent decentralised financial services, accessible to all.

Today, the investment has a safety rank of 7.0 out of 10 and an expected return of +113.1%, with the value rising to $4.83.

The nature of cryptocurrencies is wavy, which means that there is a good chance that DFI can come close to an all-time value again in the future.

Is DeFiChain a good investment?

We cannot really answer this question in your place. It would be foolish not to recommend this segment given its many possibilities and innovative features. With Cake Defi, a return of over 100% is possible. Defi Cake is one of the 30 largest Defi projects and continues to grow every day.

Advantages of Defichain

Diverse: Wide range of crypto-economic financial operations.

Throughput: Unmatched high transaction throughput for all transactions

Security: Turing-incomplete for reduced attack vectors.

Development: Quickly create a variety of -DeFiapplications with one chain.

Control: Reliable decentralised management inside and outside the chain.

Immutability: Immutable due to anchoring in the Bitcoin blockchain.

Defi Cake Platform

Defi CAKE is already among the 30 largest digital currencies by market capitalisation and is the second largest BEP-20 token, surpassed only by Binance Coin (BNB).

The continued growth of PancakeSwap and the Binance Smart Chain in general is the reason why many experts consider CAKE Defi a very good investment.

How to invest in the Cake Defi

There are a number of ways to make money in DeFi.

Instead of choosing one method and forgetting everything else forever, we recommend experimenting with all three.

This way you can find out for yourself if there is a specific strategy that suits your psychology and personality type.

CakeDefi experiences - Conclusions

As for my experience with Cake DeFi, the referral programme, deposits and withdrawals, everything has been great. Maybe it's a great opportunity and maybe there are no problems to brew for the future.

Is it a cool platform? It certainly is. Because here you can realistically earn a return of over 100% per year.

cake defi staking

Cake DeFi

  • Liquidity Mining
  • Defi Chain Staking
  • Dash Masternode
  • Defi Chain Masternode
  • Decentralised assets such as Tesla, Google, Spy, GME and many more action and ETF.