I have been monitoring DFI tokens closely ever since I invested in it.
There is hardly a time when the price of DFI tokens was affected by Bitcoin or ETH but the great dump of Bitcoin yesterday had caused almost all the prices of cryptocurrencies to see a red sea everywhere.
DFI tokens actually went below $2 for a short period and I guess those who did not monitor it also had missed the chance.
In my personal opinion, the price of DFI tokens has the potential to reach higher if there is no unforeseen circumstance in the crypto market.
DefiChain is a registered company in Singapore so DFI tokens seem to be a reliable investment since we hardly see its price moving downward for many months even when Bitcoin was not stable.
DFI tokens have been performing steadily for many months and the price has been going up until yesterday but it did recover very quickly.
Staking and liquidity mining of DFI tokens on the new Dex at DefiChain would require installation of software so there are people like me who chose to use the service of Cake Defi that is under the same founders.
Cake Defi is also a registered company in Singapore that I have already checked its record in the website of Singapore Registrar of Companies.
Through Cake Defi, I was able to control all the activities without the need to install a software on my computer and I can even use my mobile browser to control all activities. Cake Defi offers an attractive DFI staking reward of 37% APY.
Currently, there is a $20 free DFI tokens for new member after the 1st minimum deposit of at least $50.
An extra $10 worth of DFI tokens for those who sign up via a referral link.
The total free $30 free DFI tokens would be locked for 180 days with staking rewards of 37% APY that can be withdrawn or reinvested.
For normal staking of DFI tokens, we can actually stake and unstake immediately without a lock period. The lock period is only for the free DFI tokens to prevent abusers.
As Cake Defi is a registered Singapore company, there is a need to complete KYC before the full access to its service after signing up for an account.
You can find out more or join Cake Defi using my referral link below.
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. By reading this post, you acknowledge and accept that.