I finally took a small step to invest some of my satoshis into Pool by Cake. After signing up for an account, I need to get the account verified first before any deposits can be made. Since I did it over the weekend, I had to wait until Monday before the team could verified my account. What I like about Cake is that you only need a small amount to take part. Well, of course what you earn will be very very small as well. Also, they are based in Singapore which is just across the causeway, meaning same timezone for my payout. And not to forget their 37% APY for DFI.
Currently their sign up bonus is really interesting where you need to place your first deposit to receive a bonus of $20 worth of DFI. This bonus will be immediately locked up for 180 days in the Confectionery program and automatically yields staking returns during this time. If you use my referral code 596157, you and me will receive an additional extra $10 worth of DFI which will be locked and staked in the Confectionery program for 180 days as well.
Just sharing below my portfolio in cake. As you can see, I only made a small amount of deposit in DASH (worth $0.25) from my Coinpot account and I have been credited with the sign up bonus of $20 DFI + another $10 DFI from my referred friend who signed up with me. You may deposit how much you want to as I don't see any requirement for that. So far I can only see that it is only possible to deposit Bitcoin (BTC), Dash (DASH), DeFi (DFI), Ether (ETH), PIVX (PIVX), Tether (USDT) and Zcoin (XZC)
For my deposited DASH, I have staked it as per below. Not sure how much reward I will get but I will see how it goes after 23 hours 52 minutes and 8 seconds. Staking DASH only gives you 4.8% APY but staking DFI you're getting 37% APY which is really a lot.
As you see below, this is what I have just deposit this morning. Meaning I have only received my DFI this morning as well. As of 12.43 pm, I have received my first DFI reward payout and it has been compounded in again. I will let this continue running for a month and come back to see the result. I will update further when I see more rewards payout.
DFI = 14.70515655. After 3 hours reward = 0.00189345 DFI | DASH = 0.002. After 24 hours reward = 0.00000025 DASH
Right now, I will look into my list of faucets account to see where I can spare some satoshis to deposit in to Pool by Cake. If you're interested to earn as well, do remember to sign up with my referral code 596157 to receive the additional extra $10 worth of DFI. Not sure how long they will offer this sign up bonus, so please do hurry after you have done your own research if it is worth while to sign up or not.
This is my referral link: https://pool.cakedefi.com/#?ref=596157
