I got introduced to CakeDeFi through a referrer. The big attraction was that it promised rewards of over 100% for staking DFI on their platform. They boasted to be "the first fully transparent platform that generates cash flow".
DFI is the token that powers the Defichain platform, a blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone. It anchors to the bitcoin blockchain.
Attractive APR
The most attractive feature of CakeDeFi is the high APR; it is really high it looks too good to be true. The most attractive offers are the DFI staking with APR of 120% and BTC-DFI liquidity mining with APR of about 83%.
I joined about a year ago and got 30 dollar worth of DFI for joining after funding the account for the first time. Since then I have been enjoying the high APR. I chose to return my rewards, staking them for even more compounded rewards.
How to join and earn rewards
1. Click the link or use: https://app.cakedefi.com?ref=606742 2. Make a minimum of 50 dollar worth of BTC, ETH, DFI or other cryptocurrency supported by the platform. You will get 30 dollars worth of DFI for using link above.
3. Stake DFI, BTC and other cryptocurrency to enjoy the high rewards rates
OR
4. Provide liquidity for high rewards
