Cakedefi: My Best Mistake So Far!

As an avid cryptocurrency investor in my early days, driven by an ambitious goal to earn money fast, I had invested on several platforms last year. The investments were made without much thought, and in a hurry - these included platforms like mineify, mygbit, darkmine etc - all of which we know by now, had turned into scam. However back then, being the ignorant me, I overlooked, and even somewhat regretted investing in cakedefi - as the returns were comparatively lower, and the withdrawal fees relatively high (hey, mineify offered free withdrawals!). It wasn't until time passed, that I truly appreciated the offerings and value of cakedefi as a legit, worthwhile long-term investment that is able to generate passive cashflow for me. I would like to share some aspects of this with you today.

p.s. Avail this $30 sign-up bonus today! 

What is CakeDefi?

Outline

1. Buy Bitcoin, Ethereum or DeFiChain directly with Euro / Dollar

2. Lending Services

3. Staking Services

4. Liquidity Mining

5. Freezer

6. More resources

1. Buy Bitcoin, Ethereum or DeFiChain directly with Euro / Dollar

Cake DeFi has started offering BTC, ETH and DFI purchases. All purchases are handled by BANXA and Transak, and when you use the services to make a purchase, the cryptocurrencies are automatically credited to your account on Cake DeFi.

This means that you can easily buy Bitcoin, Ethereum or DeFiChain via SEPA or credit card. Simply follow these steps:

Log in to Cake DeFi

Click on "Buy BTC" in the menu at the top.

After you click on the "Buy" button, you will be able to choose your preferred coin, partner and payment method (with all conditions and fees disclosed of course).

Each step of the process has been clearly marked out for you, with dedicated instructions guiding you every step of the way. After the purchase, your BTC/ETH/DFI will be automatically deposited into your Cake DeFi account.

You can find your cryptocurrencies on your balances page:

Now that you have some cryptocurrency, like BTC, ETH or DFI in your account, you can start to make use of the other products offered by Cake DeFi, which will enable you to generate high returns and rewards with ease.

2. Lending Service

Lending allows you to earn a passive income (cash flow) on your bitcoins, ether, USD Tether as well as USD Coin. Your capital and returns are fully guaranteed and risk-free, with possible bonuses. (Bonuses = additional returns on top of the guaranteed returns).

• Every week Cake offers BTC / ETH / USDT / USDC Lending
• Each BTC / ETH / USDT / USDC Lending batch runs for 28 days, starting and ending on a Friday.
• The base return of BTC / ETH / USDT / USDC Lending is guaranteed (see below). There may be potential bonus returns if the spot price of BTC / ETH gets within a certain price range.
• The expected APY (annual percentage yield) may vary from batch to batch. We display the expected APY on the website before you join a batch.
• You can participate with any BTC / ETH / USDT / USDC amount of your choice.
• Once you choose to participate, your BTC / ETH / USDT / USDC will be locked into options contracts for the next 4 weeks.
• After the 4-week period of the batch, you will have the option to automatically enter the next batch (to generate automatic compound interest), withdraw only your return, or withdraw your entire principal and your return back into your account.
• Lending does not charge any fees to users. Cake DeFi receives commissions directly from affiliates.

Here's a simple sequence on how you can enter into a batch:

• Go to https://app.cakedefi.com/lending
• Scroll down until you see your desired batch (BTC / ETH / USDT / USDC)
• Click on "Enter"

4. Now you can just enter your desired contribution, and you are in.

Make your bitcoins and ether work for you. You will get guaranteed returns credited directly into your account every 4 weeks. The normal settings are set so that your contribution as well as the returns automatically go into the next batch. So you don't have to do anything at all, you can sit back, benefit from the tremendous power of compound interest and enjoy your piece of cake while your bitcoins work for you.

In addition to Bitcoin, Ethereum, USDT and USDC Lending, we also offer Staking services for other cryptocurrencies.

3. Staking Services

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 commonly used and well-known ways to reach consensus on a decentralised blockchain network. When using Proof-of-Stake, this means putting coins or tokens into so-called "nodes" to verify transactions for cryptocurrencies utilising the Proof-of-Stake consensus mechanism. Stakers receive staking rewards for providing this service. The rewards vary from coin to coin in this regard.

Cake DeFi currently supports the following coins for Staking:

• Dash (DASH)
• DeFiChain (DFI)

To participate, there are two different ways to join in on the staking:

1. Send your desired coin directly into your Cake DeFi account
2. Exchange your freshly purchased BTC/ETH/DFI with your desired coin. To do this,

   - Click on "Products" in the upper left corner and choose "Staking"

   - Click at your desired coin on “STAKE”

   - Select any coin available to buy your staking shares with

How to send your staking coin directly to Cake DeFi

1. Click on "Balances" in the upper right corner of your profile.
2. Click on "DEPOSIT“ right next to your desired coin

3. You can now send your coins to this address. (Important: Send ONLY the selected coin to this address, no other one!)

Important: With Staking, there is no minimum term. You can participate at any time, and can even take your coins out of the Staking service when you choose. Your rewards will be credited directly twice a day, depending on the coin. Your default settings are the same as with Lending, in that they automatically remain in Staking.

4. Liquidity Mining

With Liquidity Mining, you provide liquidity for users who want to do a swap of cryptocurrencies on the decentralized exchange. 

Participate in Liquidity Mining in just a few steps:

1) Log in at https://app.cakedefi.com/

2) Click on "Liquidity Mining" under "Products" in the top menu

3) Now you have the different liquidity pools available to participate in Liquidity Mining:

BTC - DFI

ETH - DFI

USDT - DFI

USDC - DFI

LTC - DFI

BCH - DFI

DOGE - DFI

4) After you have chosen a liquidity pool, you can simply click on "ADD LIQUIDITY".

5) Now you can enter your desired amount. For the counter pair, the amount is automatically adjusted so that they are in proportion.

Once you have chosen your amount, you can click on the button: "Add".

5. Freezer

The Freezer can be described as a loyalty program that rewards you for committing your funds with Cake DeFi for a certain period of time, ranging from just 1 month up to 10 years. It is available for funds allocated to the Staking & Liquidity Mining products.

The regular freezer, which offers freezing from 1 month to 3 years, gives you up to an 85% rebate on the fees Cake DeFi takes. The 5 year and 10 year DFI Staking freezer is a little different, due to the funds being locked on-chain. In turn, users can receive up to 2x the staking rewards.

4) Select the length of time you want to freeze your funds and receive higher rewards for:

For a limited time, new sign-ups will be entitled to a free sign-up bonus: $30 worth of DFI on a first deposit of $50 (by using a referral link such as mine below)

Click here to sign up and start earning cashflow!