Cake Defi

By fdeflash | fdeflash | 28 Dec 2020

First I would like to comment a bit on my experience with the pools that I have tried. I do not know why in the pools that work with MetaMask I always have problems with withdrawals due to the GAS of ether, to deposit money there is no problem, but to withdraw the GAS is always high and there is no way to get benefits. Especially when I am testing the platform, and my deposits are relatively small. Although I don't think anyone likes to lose $ 20 or $ 30, right?

First attempt: IDDLE EMPIRE
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I do not know if what I am going to comment is normal but as a noob that I am, it seemed a bit strange to some extent. The case is that it enters a liquidity pool with an APY higher than 100%, and on the second day the yield had dropped to 2%. And wait ... Contact support and tell them my questions. They took about a week to answer. And they told me that they were going to make me a personalized plan so that when the performance of one pool decreased, they would take me out and put me in another pool. I did not know that this could be done, so just for the experience it was worth the wait. Nothing ever happened and to this day they still haven't contacted me. So I left, but not before fighting with the GAS and with the withdrawal commission. In the end I lost some money, not much, but I did not win. What are we trying to achieve, right?

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Second attempt: Dracula Protocol.

Well, I saw that they were very active in social networks and decided to give it a try. Enter your page that works with Metamask and try to deposit money in one of its pools. Still not knowing how much I wanted to invest, I got a commission of more than $ 60 Wow! And the gas limit is sky high.

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So before such a scare I decided to contact them on Twitter, this is what they answered me:

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The end.

** In the first moment, the Dracula Protocol pool asked me for 60 $ of GAS, and today that I write this post, I have made the captures and I get a much higher figure

Third Attempt: Barnbridge.
Actually everything went well, everything was quite clear, and there was documentation to know how to move on the platform, in fact I had earned a little money and when I left, again the Metamask commission, and I had some of the rewards that that generated pool, and to get it out Metamask again asks me for a higher commission than what I was going to withdraw, so I also left it there.

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And on the 4th try: Cake Defi

Previous attempts have given me some extra points when choosing a pool.

1. Works without MetaMask. It's not that I have anything against MM, but looking at my experience, and since I'm still not clear why that happens, it is best to omit Metamask in this equation.

2. Very transparent. You see in real time how the rewards arrive, you can withdraw easily, withdrawals are fast, there is a lot of documentation ... etc.

3. The support is nice. I almost made a friend :)

4. You have different options to generate income.
- Liquidity pool
- Staking
- Lapis (Block monthly funds and their respective rewards with 7-8% apy)
- Referral program

5. The star of the party. DefiChain. A coin with a very interesting performance and trajectory and with a very nice graph. A staking at 47% apy and a pool of BTC / DFI liquidity at 268% apy.

And APY pool:

And it is for these reasons that I have chosen Cake Defi. I leave you my link in case someone is encouraged to try it:
https://pool.cakedefi.com/#?ref=160687

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Resources

Proof of Stake (PoS) CakeDeFi CAKE pool DeFiChain

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fdeflash

I would like to contribute my grain of sand in this community, sharing useful information about airdrops and events related to the world of cryptocurrencies, as well as current news and of public interest.