Earn Passively Through Cake Defi (Sign-up Bonus of $30)

By fun2learn | fun2learn | 26 Sep 2021


There are too many scams nowadays and new crypto investors may be attracted to great offers but ended up losing their investments.

Cake Defi is a Singapore registered company that I had invested my time and money.

I have used its service for more than a year now and it is reliable and transparent in its operation so far.

It offers service like staking, lending and liquidity mining. My personal favourite is staking since it offers a nice staking reward of 68.3% APY for its DFI tokens.

Some may like its lending service with guaranteed returns for cryptocurrencies like Bitcoin, Ethereum, USDC and USDT. This can really put your spare crypto to work passively to earn a nice reward of up to 6% to 7% APY.

Below are two videoclips with some comments about Cake Defi from its customers.

Video Source

Video Source

Getting new sign up may not really be that tough as Cake Defi is offering $20 worth of free DFI tokens to each new user after the first deposit of a minimum of $50.

By signing up with a referral link, the new user gets an additional $10 worth of DFI while we would also get $10 worth of DFI for referring them successfully.

All these free DFI would be locked up for 180 days with staking rewards to prevent abuse of its referral programme with its attractive sign-up bonus with a total of $30 free DFI tokens.

The new improved part in the referral programme is we can now earn 1% p.a. on our referral’s investment for all coins. This can be a nice passive income.

The only troublesome part about getting into Cake Defi is the need to verify our identity for KYC since Cake Defi is a registered company so it is an important protocol to ensure it follows the laws and regulations of Singapore.

Below is a screenshot taken from the registrar of companies in Singapore.

60fabaaf677eb6ba29537b00a50e3d59e02e899293c5a679fe42487bc75b36f7.jpg

We need to provide documents for verification: -

  • Our identity - our identity card or passport.
  • Our residential - utility bills or anything that has our address and name on it

Below is my referral link if you are interested to sign up and get the $30 worth of DFI as well as start referring people to earn referral rewards.

https://pool.cakedefi.com/#?ref=610483

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.

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fun2learn
fun2learn

Online Content Creator of different platforms


fun2learn
fun2learn

An educator who often writes educational articles as well as crypto-related articles.

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