Bitcoin and the entire crypto market are booming. Many investors are now speculating on a further rise in the cryptocurrency's price. The big dilemma: It is practically impossible to find the "right" time to sell in order to actually realize one's profits.
Cake DeFi solves this problem with three product categories that allow you to achieve high returns in a safe and simple way - without having to sell at all.
1. Cake Lending
Cake Lending is one of the popular product in the lineup. No wonder, because Lending offers sugar-sweet, juicy returns of up to 8% per year and that with virtually no risk, as you will learn in a moment.
Lending offers you the opportunity to benefit from the profitable and at the same time safe investment strategies, which for a long time were reserved for institutional investors only. For example, returns are generated by lending to major crypto exchanges, which in turn provide them to their users for leverage and charge hourly fees for it.
Best of all, the already very manageable risks (such as the bankruptcy of large, established crypto exchanges) are fully insured by trusted partners like Genesis, Signum or Sparrow.
Sign up for Cake DeFi now and try Lapis today (Only for a short time with $30 USD bonus.)
2. Staking
Staking is a proof-of-algorithm that is used with various cryptocurrencies and secures the network - similar to PoW with Bitcoin.
The only risk one is exposed to here is the unpredictable price movement of the underlying staked cryptocurrency itself.
Returns vary greatly from coin to coin. Generally, the longer a cryptocurrency has been in existence, the lower the returns will be. This can be seen as analogous to Bitcoin halving (a reduction in issuance implemented in the code). as there are often halvings (an intentional reduction in returns) as with Bitcoin.
By far the most popular staking coin at Cake is DFI - a cryptocurrency that has risen rapidly in recent weeks and months. Currently, you're getting a sugar-sweet 100+% staking yield on it!
Sign up for Cake DeFi now and stake today (Only for a short time with $30 USD bonus.)
3. Liquidity Mining
Liquidity mining is the most exotic product you can find at Cake DeFi.
Now, some of you might ask how such high returns are possible at all? The answer is simple: With liquidity mining, you provide liquidity to a decentralized exchange, in this case DeFiChain, and thus enable decentralized trading.
In return, you receive a portion of the trading fees as well as a portion of the block distributions based on your share of the liquidity pool. The important thing to note here is that the expected returns are likely to get lower over time.The reason for this is simple: if more people want to provide liquidity, then everyone is competing for the same pie and thus everyone gets a smaller piece of it.
Also not to be underestimated is the risk of impermanent loss, which occurs primarily when one currency pair / coin pair falls or rises significantly more than the other.
Sign up for Cake DeFi now and try liquidity Mining today (For a limited time with a $30 USD signup bonus!)
Therefore, which Cake DeFi service should you opt for?
Choosing between the heartily prepared Lapis, the sugar-sweet Staking and the lush Liquidity Mining for true gourmets is not easy!
It's best to ask yourself: What is my risk tolerance and how much volatility can I tolerate? How much return do I expect from my investment?
No matter how you use Cake, one thing is for sure: you won't get returns on your cryptocurrencies anywhere this simply, safely, and sincerely.
Do note that the bonus will last until July 2021, you must:
- Make a single deposit bigger than $50.
- The deposit of $50 must be made in one transaction to receive the bonus.
- The amount must be $50 or more when it arrives at Cake DeFi. Please note and factor in the withdrawal fee of the exchange or wallet you are sending your coins from, as well as the price fluctuation of the coin.
- If the amount has arrived at Cake DeFi, and it is under $50 at that time, the bonus cannot be credited.
Sign up for free today and get a $30 USD bonus on your first deposit at Cake DeFi!
