First Foray Into Cake DeFi: So Proud Of Myself

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I have heard much about the insane gains one can receive from staking crypto on Cake DeFi and wanted to set up an account with it to see how astronomical these gains can be. So I have been waiting patiently for my USDC in my Hodlnaut account to accumulate to $60 because it takes $10 worth of USDC to make a withdrawal as well as $50 to qualify for a sign-up bonus. 

But the other day, I saw the following ad on my Facebook feed and decided to strike while the iron was hot:

As fast as lightning, I created an account using a fellow PUBLISH0X author's referral code and attempted the quiz. Since it was a simple quiz about the DFI token, I completed it within 5 minutes.

Completing the quiz was as easy as pie but in order to receive this $5 in DFI, I needed to have my KYC settled. Well, no harm done. If the powers at Cake DeFi necessitate me to do KYC, that's what I would do. 

Getting my KYC done ironically took up more time than accomplishing the quiz. I had to submit my passport photo, pose for the camera with a piece of paper that stated my name, CAKE as well as the date of submission AND even submit an utilities bill that contained my residential address. So if you are signing up for an account with Cake DeFi, do prepare yourself to set aside some time to get it done.

Cake DeFi approved my KYC within a day! Buoyed by this sense of accomplishment, I thought that I would leverage the benefit yielded by the referral code and make my first deposit of $50. 

This was when I realised that depositing USDC would require me to fork out S$25 to create a USDC address first. My jaw dropped. My eyes widened in disbelief. I was not going to spend money before I made money.

In the end, I decided to convert my USDC to BTC instead. I clenched my fist in determination before pressing "Send" on my keyboard, with an expectant grin on my face.

The transaction was processed smoothly. Like cool drops of rain drizzling on scorched plants, I felt my soul being rejuvenated. You guessed it right. I received an email stating that my signup bonus had been awarded.

I am now looking forward to having my crypto portfolio grow with Cake DeFi. Moving forward, there will be two lessons on ETH and BTC that will allow me to earn a total of $10 - and I intend to take advantage of that. 

Join me on my journey with Cake DeFi using my referral code: 298646. Happy earning, everyone!

Regulation and Society adoption

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