Joined CakeDeFi in December 2020, ready to try a new approach on DeFi, as the platform aimed to empower crypto-holders to get control of their finances by generating transparent residual income.
Yesterday I received this lovely email, announcing me that I won the Bronze Medal at the Cake DeFi Olympic Bake-Off and $50 worth of $DFI was added in my account. But what is the Olympic Bake-Off and can I earn more by winning more medals?
The Olympic Bake-Off promotional campaign celebrates the Tokyo 2020 Olympic and the CakeDeFi bakers. The campaign started on the 22nd of July and was supposed to end on the 8th of August but ... will be extended until 13th of August. Participants have extra days to earn up to $2000 in rewards.
Until the 13th of August, every CakeDeFi baker have the opportunity to earn enhanced bonuses. The reward for each successful referral was upgraded to $50 worth of $DFI. The referred user will also receive $50 worth of $DFI after competing the KYC and after a deposit of $50 in crypto. The bonus will be added in the Freezer for 180 days, auto-compounding the rewards.
But the Olympic spirit requires competition, and this is why bakers will compete to earn up to $750 as additional bonuses, added straight into the account. This bonuses are called Bake-Off medal, which are earned by referring new users to CakeDeFi. Up to date, there are only 563 winners in the promotional campaign, 392 Bronze Medals (2 referrals), 116 Silver Medals (5 referrals), 53 Gold Medals (10 referrals) and only 2 World Record Bakers (50 referrals).
Investing in CakeDeFi never been so rewarding... as one-time bonuses in $DFI can be won on top of the enhanced rewards. I had 4 qualifying referrals during the campaign, earning 4 x $25 referral bonus and 4 x $25 enhanced bonus for the Olympic Bake-Off plus $50 Bronze medal reward.
When I wrote "Join CakePool and let DeFiChain (DFI) bloom in the summer!" my plan was to leave the bonus bloom until June and then swap the $DFI and cash out the profit. Well ... meanwhile I decided to stay! CakeDeFi has become a reliable source of passive income, with transparent reward system. I now have 276 $DFI staking in the Freezer, adding rewards every 12 hours. Do you know any other DeFi project paying interest twice a day?
CakeDeFi is auto-compounding the $DPI reward resulting a better reward day by day! Now I am earning 0.496 $DPI per day, which at the current value of $2.65/DFI is $1.31 daily reward constantly added in the pool. If this is not a good deal ... nothing is! Proud to be a baker and proud to be part of the DeFi revolution. What is stopping you to join?
Resources:
Join the CakeDeFi revolution and get $30 worth of DeFiChain (DFI)
Amazon author page: PV Mihalache
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