Cake Defi has started a new promotion on 26 November 2021 and it will end on 3 December 2021.
By signing up for an account using a referral link, a minimum deposit of $25 (Normal minimum is $50) would allow new users to get $30 worth of DFI tokens.
All these free DFI would be locked up for 180 days with staking rewards to prevent abuse of its referral programme.
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.
Cake Defi has a high staking reward of 43.2% APY for DFI tokens and there are other staking and yield farming opportunities.
Cake Defi is a registered company in Singapore with a physical office. It is a lot more secure than more yield farming sites.
Below is a screenshot taken from the registrar of companies in Singapore.
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.
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.
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.