CakeDefi Exchange is founded in the beginning of 2019 by Dr. Julian Hosp and U-Zyn Chua to solve major financial pain points in people’s lives. We are innovators from diverse backgrounds and industries.
Cake Defi is a platform that allows you to put your cryptocurrencies to work. The site is based on the DefiChain (DFI) currency, a crypto whose goal is to bring DeFi (decentralized finance) to the Bitcoin ecosystem.
On CakeDefi Exchange you can place your crypto in liquidity pools (BTC-DFI, ETH-DFI or USDT-DFI), you can lend BTC, ETH or USDT at rates of 7 to 8% per year or you can acquire shares of masternodes (DFI at 37% per year, Zcoin at 6.2%, Dash at 4.7% and Pivx at 4.2%).
CakeDefi Exchange Review is a platform that empowers you to be in control of your finances by creating cashflow and harnessing the potentials of Decentralized Finance. Cake offers a range of DeFi products, podcasts and educational videos you can use to achieve financial freedom.
Join the frontier of DeFi
We’re on a mission to discover the possibilities of finance in the blockchain and cryptocurrency space. We believe in the potential of Decentralized Finance, and are relentless in pushing the boundaries of DeFi. They work independently and collaboratively to build products and services focused on transparency, that our users love and rave about, and are passionate about making a real impact in the world we live in.
Cake DeFi started in 2019 with a seed round of 1.4m USD. Since then we have grown to a team of more than 30. We’re currently profitable, processing billions of dollars worth of crypto, and still growing. As a Cake team member, you will have the opportunity to ride a revolutionary wave, grow in your role, gain valuable experience that will be indispensable in the future of financial technology.
What Makes Cake DeFi Different
To develop the price of cryptocurrency belongings like Ethereum and bitcoin, one wishes to hodl in hopes that the price will increase in time; or as an alternative take part in cryptocurrency buying and selling. However, with cryptocurrencies being relatively volatile, it frequently calls for consistent checking at the rate motion of the asset, in addition to technical evaluation charting on a couple of time frames – to offer a prediction of in which the marketplace might be moving.
Many amateur cryptocurrency buyers are attracted to the volatility and short pumps in prices, however they’re commonly now no longer skilled sufficient to apprehend the rate actions of bitcoin, nor the intricacies of the way the momentum of altcoins vary on the subject of bitcoin. Unfortunately, maximum amateur trades will commonly make many dropping trades earlier than in the long run giving up on buying and selling.
CakeDefi Exchange is supposed for the consumer who prefers now no longer to be concerned with the trouble and chance of buying and selling cryptocurrencies. Users who favor to consciousness their interest and time on different sports might be satisfied to pay attention that Cake gives a painless strategy to compounding one’s crypto belongings.
Cake DeFi permits this through permitting customers to seamlessly roll over their predominant and hobby from every batch, unto following batches on the flick of a switch. Thus permitting customers to leverage the magic of compound hobby in a trouble-loose manner. To preserve customers knowledgeable in their income growth, Cake sends out weekly and month-to-month praise aggregation emails with complete information about all staking proceeds and balances. For Lapis lending participants, an e mail is despatched detailing an access into, and additionally on the crowning glory of every batch – detailing absolutely the quantities earned and the pursuits accrued.
One of the company’s unique offerings is being the first staking provider for DeFiChain (DFI) – a fully decentralized blockchain designed specifically for high speed DeFi transactions. Users earn 25% APR on Cake’s DFI Pool, with block rewards paid every 26 seconds.
The fact that Cake offers a way for users to earn interest not only through staking with DASH, PIVX, Zcoin, DeFiChain (DFI) but also through Bitcoin and Ethereum options presents another unique use case of CeFi meeting DeFi. For this reason the company recently surpassed ten percent week-on-week growth for new users and deposits.
CakeDefi Exchange presents users the convenience and flexibility of pooling tokens with no lower limit. The company also offers weekly statement reports, and processes for real-time compounding – allowing users to take advantage of the wonders of compounding interest in a single click.
While many crypto companies are registered in offshore islands like Seychelles, and the Cayman Islands. Cake is registered and operating in Singapore, where the rule of law and regulatory enforcement is widely regarded as one of the top in the world. Cake is also fully compliant under the strict regulatory requirements of the Monetary Association of Singapore, and a member of the Association of Crypto Currency Enterprises and Start-ups Singapore (ACCESS), and the Singapore Fintech Association (SFA).
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.