Cake DeFi Announces Earn for Crypto, Offering Up to 10% APY

0
28

Cake DeFi says EARN offers daily rewards with up to 10% APY, while benefiting users from complete transparency.

Cake DeFi, a Singapore-based decentralized financial (DeFi) firm that aims to bring crypto opportunities to the masses, has formally launched an investment product that gives clients access to competitive returns on their assets while protecting them from market volatility.

The platform first introduced EARN on September 12.

Cake DeFi’s EARN to “address the needs of the market”

As noted TO DESERVE is a hybrid product that “a unilateral liquidity mining serviceThat should ensure that an increasingly risk-averse market does not have to worry about returns, liquidity or insolvency risk, as was observed recently during the crypto winter.

See also  PancakeSwap CAKE/USD forecast as price rejections fall

With many centralized financial (CeFi) platforms out of business recently, among other issues, users are turning to projects like Cake DeFi’s centralized decentralized financial (CeDeFi) platform.

The market also benefits from a hybrid approach where providers offer access to both liquidity mining and crypto lending, combining high yields with the latter’s low volatility to help consumers.

Our latest product EARN has been launched to meet the current market needs. As the crypto winter arrives, investors have become increasingly risk averse, especially as many Centralized Finance (CeFi) platforms have become insolvent or face liquidity problems. As a Centralized Decentralized Funding Platform (CeDeFi), our job is to provide our users with good returns on their crypto investments with full transparencysays Dr. Julian Hosp, co-founder and CEO of Cake DeFi.

See also  Tired of losing money? Here are 2 reasons why retail investors always lose:

What else makes Cake DeFi Earn different?

According to Cake DeFi, EARN allows users to access rewards with up to 10% APY, either for Bitcoin (BTC) or DeFiChain (DFI) – you allocate one asset and receive rewards in the original coin. EARN also offers autocompounding of returns so that users can benefit from even greater returns.

In addition to using on-chain tools to track the performance of their investments, customers are assured of protection against temporary loss. This option is available through the Volatility Protection feature, the company announced.

See also  How do I add Arbitrum to MetaMask?

Cake DeFi is announcing the EARN feature due to its stellar growth during Q2, the fintech platform’s strongest quarter of 2022. This was reflected in the platform’s transparency report, which featured customer growth, payouts and funded accounts figures all showing massive increases to see.

LEAVE A REPLY

Please enter your comment!
Please enter your name here