1 week of Pool by Cake
DeFi Chain

1 week of Pool by Cake

By Fantomette | ChinDan02 | 14 Feb 2021


Hi all. I am not good at writing but I want to share my experience with DeFiChain.

DeFiChain is a  blockchain dedicated to fast, intelligent and transparent financial services, accessible by everyone. Their official website is https://defichain.com/ .

I started liquidity mining on https://pool.cakedefi.com/#/ a week ago after reading an article about it on this website.

When you sign up for a Pool by Cake account and make your first deposit of $50 or more in value (with any coin), you will receive a bonus of $20 worth of DFI. This bonus will be locked up for 180 days in the Confectionery program and automatically yields staking returns during this time.

If you use a referral code, both you and your referrer will receive an extra $10 worth of DFI, which will also be locked and staked in the Confectionery program.

When somebody you referred uses your referral code when signing up and makes a deposit, you will receive $10 worth of DFI.

This is my referral link if anyone want to join https://pool.cakedefi.com/#/?ref=667989 .

This is my rewards listing of 14.59 DFI staked. I like to remind that they pay rewards every 3 hours for staking and auto-compound is on also.

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Liquidity mining seems more profitable and I chose DOGE-DFI because at that time the APY was over 200%. Obviously the APY is changing and also the price of DOGE and DFI is changing a lot these days. For example when DOGE is going up and DFI is stable the system change some DOGE to DFI to have a 1:1 parity in USD all the time.

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For me as beginner is pretty ok to have some return everyday. Hope this post will be helpful. Sorry for any mistakes or misunderstandings.

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ChinDan02
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