What is BAKE?

Bake is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC) that offers various DeFi features, including automated market-making (AMM), liquid mining, yield farming, and staking. Bake’s native cryptocurrency token is called Bake. Bake offers stable yields, frequent payouts, and full transparency . You can get payouts as frequent as twice a day, freeze (lockup) your coins and get up to 2x the return, and enjoy complete transparency with quarterly transparency reports and real-time data about what happens with your funds . Bake supports major coins such as Bitcoin,Matic Polkadot, Ether, Polygon, Solana, and DOT. 

Liquid Mining:

Liquid mining on the BAKE crypto platform is a process of earning rewards by providing liquidity to the platform's decentralized exchange (DEX). This is done by depositing BAKE tokens and other supported assets into liquidity pools. In return for providing liquidity, users earn a portion of the fees generated by the DEX. Here follows examples of liquidity pairs and APY rates available to earn:

Liquid mining is a great way to earn passive income on your BAKE tokens and support the growth of the BAKE DeFi ecosystem. It is also a relatively low-risk investment, as you are not locking up your tokens for a specific period and can withdraw them at any time.

How to participate in liquid mining on BAKE:

1. Create an account on BAKE if you don't already have one.

2. Create a wallet: You will need to create a wallet to store your BAKE tokens and other supported assets. There are many different wallets available, so choose one that you feel comfortable with.

3. Acquire BAKE tokens and other supported assets: You can acquire BAKE tokens by purchasing them on a cryptocurrency exchange or by earning them through other means, such as participating in liquidity pools. You will also need to acquire the other supported assets that you want to deposit into liquidity pools.

4. Transfer your tokens to your wallet: Once you have acquired BAKE tokens and other supported assets, you will need to transfer them to your wallet.

5. Connect your wallet to the BAKE DeFi platform: Connect your wallet to the BAKE DeFi platform.

6. Choose a liquidity pool: Select the liquidity pool that you want to participate in.

7. Deposit your tokens: Deposit your BAKE tokens and other supported assets into the liquidity pool.

8. Earn rewards: You will start earning rewards as soon as you deposit your tokens into the liquidity pool.

Background of CAKE DeFi

This Singapore-based cryptocurrency investment firm was founded in June 2019 by Julian Hosp and U-Zyn Chua . The company has over 1 million users worldwide and currently handles more than US$1 billion in customer assets.  Bake the native cryptocurrency 0.27 USD is currently valued at  according to CoinGecko as shown below. 

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