CakeDefi — “A truly spot-on platform to liquidity mine, stake, and lend.”
“Just Bake with Cake”
That saying lately has became one of my more favorite to share with people. that being for the mere fact though and i do have to mention how extremely responsive and communicative the team at CakeDefi have shown me first hand. It is different from basically every other company whos wait time, especially right now, is usually 3–5 buisness days at least usually longer, I had a question about logging on (technical query), i found my answer immediately on their respectable telegram channel, but regardless cakedefi responded within 10 minutes seriously. and then again the same day for a different query. again within minutes. it seemed. I just found that so refreshing to get actual help when you ask, and not be bounced around from here to their or just no response. Im pretty sure others know what i mean by that.
So even just their company youtube channel, The CEO Dr. Julia Hosp will address the common questions and explain all in enough detail to seriously understand the concepts and ideas behind CakeDefi and how they make money for you through their services and etc.. The videos are short but very to the point and very well explained.
Dont be a fool, check it out
https://www.youtube.com/watch?v=InAtavxxsa0
Now that i have said my piece, Heres is a sum up of cakedefi’s products and services (current 04–09–2021)
So CakeDefi Offers three main products
1.Liquidity Mining
2.Staking
3.Lending
- Liquidity mining definition quoted from https://coinlist.co/help/what-is-liquidity-mining
“Liquidity mining is a term used in decentralized finance (DeFi) applications where users supply liquidity to decentralized financial applications and receive rewards for doing so.” per google.com
-Staking general defintion quoted from https://coinmarketcap.com/alexandria/article/crypto-staking-guide-2021
“Staking is an activity where a user locks or holds his funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system. It is similar to crypto mining in the sense that it helps a network achieve consensus while rewarding users who participate.”
-Lending defintion from https://cakedefi.medium.com/how-to-lend-bitcoin-with-full-transparency-82beee01a07b
“Cake offers its own version of Bitcoin lending called Bitcoin Lapis. The return was set at 6%, but Cake is even able to pay out 6.88% APY (calculated for the year). That is “best in industry”! Cake does it by removing third parties and thus pay out the majority of the return to you — Cake’s customers.”
I apologies i dont go super into detail on each the concept, im honestly spotlighting the company(CakeDefi) itself and the realness of their services. Also this is my second day trying to just type up a simple “Praise and you should try” thread. cant go three days :D
So I personally want to show you
these transactions are from the 6th so 3 days basically. My account has no perks or anything just like anyone else who is new. All the transactions where assets where moved or used in different products my assets were never “Gone” then appeared nor did the company hold my assets hostage where i can see balances but cant touch them. I was truly able to successfully withdraw/finalize deposits multiple times. when i wanted too, no questions asked. besides the security ones of course.
Last shout out to the whole team at cake (ceo’s/engineering/design/operations/buisness devolpment/marketing&commuinications/finance/human resource/investors) thanks for operating and delivering on your prpmise so far. i will continue to bake and wont stop anytime soon. i hope others choose to as well. you will see what i mean by the difference of their quality of service and helpfulness.
if you have time do check out others who are actually educated in the area (better thread then mine :D) and learn Liquidity mining, staking, lending protocols and etc.
Thank you for taking the time to read this and stay safe and healthy.
