It`s nothing wrong with just HODLing your cryptocurrencies but it is smarter to put at least some of them to work to generate passive income. CakeDeFi is a fully transparent platform that generates constant cash flow for you. Let me explain the different ways to generate passive income on CakeDeFi and how to get $30 in $DFI for free.
Liquidity Mining
CakeDeFi makes Liquidity Mining much easier with shared liquidity mining pools.
Simply deposit your favorite coins into shared liquidity mining pools and start mining popular coin pairs for high rewards and minimal fuss.
Staking
The second possibility is to bake masternodes and earn staking rewards in real-time.
You are able to join fully transparent masternode pools to earn staking yields of up to 37% in real-time. You can do this without the complexity of running nodes yourself.
Lapis
Furthermore, CakeDeFi offers new Lapis services with guaranteed returns and a potential bonus.
The Base APY is guaranteed and additionally, you can get bonus returns when the price of the native coin goes up during a batch.
The DeFiChain Token
The DeFiChain Token ($DFI) is CakeDeFi?s native token. Its price today is $0.88. DFI price is up 6.0% in the last 24 hours. It has a maximum supply of 1.2 Billion. Indoex is the current most active market trading it.
At the moment, you can get a bonus of $30 in $DFI when you register on CakeDeFi?s website and fully verify your account.
Make your first deposit and you will receive a bonus of $20 worth of $DFI. The minimum deposit to receive your bonus is just one Satoshi, that`s almost nothing!
Please note, that this bonus will be locked up and staked for 180 days. The good news is that the locked up bonus automatically yields staking returns during this time. These staking rewards will be added on top of the bonus and can be withdrawn after the lock-up period has ended.
If you use a referral code for signing up, you and your referrer will receive an extra $10 worth of $DFI, which will also be locked and staked. This makes a bonus of $30 in $DFI in total.
My Final Thoughts
CakeDeFi is still a quite young platform and there are more features to come. Upcoming features of the DeFiChain include Lending, Wrapping of Tokens, Pricing Oracles, Exchanges, Transferable Debts and Receivables, Non-Collateralized Debt, Asset Tokenization, Distribution of Dividends, and Yield Farming!
These are all great features that are making CakeDeFi a unique crypto project. In my opinion, CakeDeFi and its DFI token are having the potential to grow.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of CakeDeFi and my intention is not to replace your own research. However, it really reflects my own opinion.
So I hope that I could provide you with some interesting and useful information about CakeDeFi.
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