@TraderFX 14 April 2022 more from that month

8 Reasons Why I Love Using Cake DeFi!

Albert Einstein was once famously quoted as saying that compound interest is the eighth wonder of the world. Indeed, compounding interest is part and parcel of any sturdy investment strategy — of which Cake DeFi is a formidable contender!

****Cake DeFi**** is a one-stop cryptocurrency investment platform that generates passive cash flow on your idle digital assets, such as DFI (DeFi Chain — the native token of the DeFi Chain network), BTC, ETH, USDT, USDC, LTC, DOGE, BCH and many others. It is a licensed digital asset manager based in Singapore, with an ambitious and transparent team behind its development. I was acquainted with Cake DeFi 2 years ago via an advertisement on social media; a short research thereafter convinced me to join the platform. 2 years down the road, I am happy to have had made the decision of embarking on this journey of passive income — my only regret was not having joined earlier! Read on to find out why I have fallen in love with Cake DeFi! https://cakedefi.com/?ref=677920

#1 Investment made easy & fuss-free Cake DeFi exemplifies the finest of a robust investment platform that offers diverse options but yet is not excessively overwhelming for the unacquainted. Staking DFI, for example, is made effortless on Cake DeFi, offering attractive returns. (DFI is the native token of the DeFiChain network — read more on DFI **here**) https://medium.com/coinmonks/dfi-an-underrated-coin-7effca02ed3f

The complex technical process of setting up and maintaining masternodes to stake DFI is simplified into an elegant process as simple as allocating the number of DFI coins to be committed into staking, with an attractive APY (ranging around 30–40%) and twice daily payouts, generating compounding interests that add up significantly over time. Coins can be unstaked at anytime without any penalty — much in contrast to the conventional fixed deposits of banks.

#2 Attractive yields Indeed, if something is too good to be true, it most probably is; after all, the cryptocurrency market is laden with **scams and pitfalls to watch out for**. Cake DeFi is one of those rare gems with a solid stance in the digital asset industry that offers as astounding yields on a wide range of cryptocurrencies as its reputability. https://medium.com/coinmonks/how-to-avoid-cryptocurrency-scams-from-my-pov-57aa57671ac2

Bakers can choose to invest in a diverse range of offerings such as staking, liquidity mining and lending services for APYs of up to 100%, depending on market conditions! To learn more about generating passive cashflow on Cake DeFi, check out my previous article **here**. https://medium.com/coinmonks/how-to-earn-passive-income-with-cake-defi-a-tutorial-64abe4a01bec #3 Most rewards are paid out in DFI With the exception of lending services, Cake DeFi pays out its rewards (daily) mainly in DFI. DFI is the native token of the DeFi Chain network, which is a blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone. DFI coin has seen an explosive growth, in fact relatively outperforming bitcoin most of the time!

What’s sweeter than gathering an asset with such a high potential for growth that compounds even more over time? Cake DeFi does exactly that! DFI is tradable on platforms like **Kucoin** and Bittrex. For more information about DFI and the DeFi Chain network, check out my previous article **here**. https://www.kucoin.com/ucenter/signup?rcode=rJH29LZ https://medium.com/coinmonks/dfi-an-underrated-coin-7effca02ed3f https://youtu.be/tiyzWOUTXN0 https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FtiyzWOUTXN0%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DtiyzWOUTXN0&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FtiyzWOUTXN0%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube #4 Ability to double dip in the best of stock markets and cryptocurrencies Thanks to the innovations of the DeFiChain, avail the best of both worlds of the familiarity of investing in a conventional stock market with the high yields of liquidity mining! Decentralized assets represent a revolutionary way of easily investing in giant tech companies like Google, TESLA and Apple; heavy metals like gold or silver; or even ETFs like SPDR S&P 500 ETF Trust, Invesco QQQ Trust Series 1, ARK Innovation ETF and more. While the native **DeFiChain** wallet is also an option, Cake DeFi offers a convenient, high-yield solution of investing in decentralized assets, fetching APYs of up to 100%! Read more about decentralized assets in my previous article **here**. https://defichain.com/ https://cybery.medium.com/invest-in-tesla-google-apple-easily-with-decentralized-assets-cdfe4e58330b

#5 A neat and elegant interface Cake DeFi has recently revamped its dashboard with a very intuitive graphical representation of asset holdings, giving an easy overview of asset allocation by type and rewards earned.

The dashboard serves as a welcome reminder that the size of my portfolio in Cake has in fact doubled itself over the past 2 years, by virtue of the compounding interests generated and from the growth of the underlying assets themselves in my account! Now that is some pretty yummy cashflow, wouldn’t you agree? #6 A dedicated and transparent team Cake is run by a passionate team led by Dr Julian Hosp and U-Zyn Chua, who are innovators from diverse backgrounds and industries.

As transparency is a core value of Cake DeFi, they regularly publish a quarterly transparency report in which they outline their achievements and reflections in a specific quarter of a year, the latest of which is summarized in their **blog post**. In-depth details can be found **here**. https://blog.cakedefi.com/road-to-unicorn/ https://docs.google.com/document/d/1ibi_G1QEOai3rS-s3lZNKRlwvo8ZAeQNpeR2qC9Eqmk/edit?usp=sharing

Recently, Cake DeFi has launched **Cake DeFi Ventures**, its US$100 million venture arm committed to accelerating growth of tech firms, with a focus on investing in Web3, gaming and fintech startups. https://blog.cakedefi.com/cakedefiventures/

The team is indeed passionate about bringing Cake DeFi to greater heights, with a clear short and long-term vision as outlined below (taken from the Cake DeFi blog). *Short-Term (upcoming quarter):* *Cake DeFi would have finished integrating decentralized loans, be focused on mobile first, and ready for other DeFi ecosystems. We will double our customers and customer assets. We stay cashflow positive and would have completed our PCAOB audit for 2019 and 2020.* *Mid-Term (this year):* *Cake DeFi will have robo-advisorship functionality for several DeFi focused blockchain ecosystems. We 20-fold our customer base and provide them with easy access to cashflow from cryptocurrencies. We want to 10-fold our customer assets, which could put Cake DeFi on track to be worth at least 10 billion USD by this point.* *Long-Term (this decade):* *Cake DeFi plans to become the world’s leading investment platform into DeFi and up-and-coming alternative assets, not just enabling but also empowering people from all over the world to regain control of their finances in a simple and safe manner. Customers will be able to add any form of asset, and based on their selected parameters, an algorithm will automatically invest, re-invest and diversify their portfolio(s). By this time, the system will be fully optimized so that our customers can “just invest”, without having to worry about what and how to buy it, or when to sell.* Steered by such a visionary team, things are indeed looking up for Cake DeFi in both the near and distant future ahead! #7 Great customer support Cake DeFi offers excellent customer service; their official support can be reached on the Cake DeFi site **here**, or conveniently on their Telegram channel **here**, where a vibrant team (who never seems to sleep) is ever-ready to address any concerns raised. (p.s. beware of fake Cake DeFi groups on telegram, or scammers imposing as ‘admins’ who DM you to offer help — scams can be rather rampant on Telegram! Read more about this in my previous article **here**) https://support.cakedefi.com/hc/en-us/requests/new https://t.me/CakeDeFi_EN https://medium.com/coinmonks/how-to-avoid-cryptocurrency-scams-from-my-pov-57aa57671ac2

#8 Extensive social outreach Cake DeFi runs a lovely and informative **blog** with many enlightening articles related to cryptocurrencies, and on baking cash flow with Cake DeFi. They are also very active on social media like **Twitter**, **Facebook**, **Reddit** and **YouTube**. They also have a lively **Telegram community**, moderated by a team of friendly admins who are ever so helpful. (Shout-out to Fabio, Daniel, Zachary, Pho, Steven and the many other great team members out there!) https://blog.cakedefi.com/ https://twitter.com/cakedefi/ https://facebook.com/cakedefi https://reddit.com/r/cakedefi https://www.youtube.com/channel/UCkRa0RHkJ9Udd_mVWl8fa8A https://t.me/CakeDeFi_EN

Final Thoughts As an early adaptor of cryptocurrencies, I have had my fair share of ups and downs in my investment journey. However, I am confident to say that 2 years down the road, Cake DeFi has indeed been one of my best investment decisions ever made, having consistently produced reliable and passive cash flow for me no matter how the market plays out — in fact, a form of HODL-ing at its finest!

****Cake DeFi**** has recently launched an Easter Egg Hunt promotion, whereby new users who sign up will receive an upsized $40 bonus in DFI, on their first eligible deposit of $50 after passing KYC verification. If you have previously been intrigued to embark on the this journey, now has never been a better time to do so! ****Sign up today**** **and start baking passive cashflow!** https://cakedefi.com/?ref=677920 https://youtu.be/R9Ba4prgJ1Q https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FR9Ba4prgJ1Q%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DR9Ba4prgJ1Q&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FR9Ba4prgJ1Q%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube

*As always this is not financial advice! But simply investment platforms I have invested in and have found worthy of sharing with. Do your own research before investing and never deposit money you cannot afford to lose. Feel free to ask me any questions below.* *If you liked this article,* ***follow & subscribe****!* https://read.cash/r/TraderFX *Check out the following trustable platforms!* *🎁* *Honeygain* *A passive income app to earn money off your unused internet bandwidth.* *Get $5* *for free, no investment required.* https://r.honeygain.me/CYBER577DD *🎁* ***Cake Defi*** *A one-stop investment platform that bakes passive cashflow at APYs of up to 200%!* *Get $30* *in DFI with a $50 deposit.* https://cakedefi.com/?ref=677920 *🎁* ***Nexo*** *The world’s most advanced, regulated digital assets institution offering instant crypto loans, daily earning on assets, exchange, with services in 40+ fiat currencies in more than 200 jurisdictions.* *Get $25* *with a $100 deposit.* https://nexo.io/ref/hce5cfdt5o?src=web-link *🎁* ***Celsius*** *A fintech platform offering interest-bearing savings accounts, borrowing, and payments with digital and fiat assets.* *Get $50 in BTC* *with $400 deposit.* https://celsiusnetwork.app.link/174094633e *🎁* *Hodlnaut* *A robust Singapore-based crypto lending and borrowing platform founded in 2019 that generates passive cashflow from your idle cryptocurrency.* *Get $30* *in USDC with $1000 deposit.* https://www.hodlnaut.com/join/RTbHxuJMX *🎁* ***BlockFi*** *A cryptocurrency exchange and wallet.* *Get $10* *with $100 deposit.* https://blockfi.com/?ref=a16e37fd *🎁* ***Kucoin*** *One of the largest cryptocurrency exchanges.* https://www.kucoin.com/land/register/r/rJH29LZ *🎁* ***Huobi*** *One of the largest cryptocurrency exchanges.* https://www.huobi.com/en-us/topic/double-invite/register/?invite_code=5t5jb *🎁* *MEXC* *One of the largest cryptocurrency exchanges.* https://m.mexc.com/auth/signup?inviteCode=1NAJC *🎁* *Crypto.com* *A cryptocurrency exchange app based in Singapore.* *Get $25* *in CRO on staking for a Ruby card.* https://read.cash/@TraderFX/10-tips-to-maximize-earnings-on-honeygain-an-effortless-free-passive-income-app-02558565#bad-link https://crypto.com/app/fcbsjmf5pb *For Malaysian investors* *🎁* ***Stashaway*** *Get free investing for 6 months!* https://www.stashaway.my/referrals/kenleel9jx *🎁 Wahed code ‘KENLIE1’ RM10 signup bonus* *🎁 Capbay P2P code ‘8879c6’ RM100 signup bonus* *Connect with me* ***Medium*** *|* ***Read.cash*** *|* ***Youtube*** *|* ***Telegram*** *|* ***Twitter*** *|* *Linktree* https://cybery.medium.com/ https://read.cash/r/TraderFX https://www.youtube.com/c/SmartInvestingChannel https://t.me/kkkk289 https://twitter.com/cybertraderfx https://linktr.ee/trader.fx