Minimum deposit now required
Today i recognized, that CAKE DEFI changed some parameters for the receiving bonus. I mentioned it in one of my earlier post, that they have got many new users on their platform. One new paramet is that you have now to deposit a minimum of $50 to receive the sign Up Bonus. Here is the original statement from their homepage.
When you sign up for a Pool by Cake account and make your first deposit of $50 or more in value (with any coin), you will receive a bonus of $20 worth of DFI. This bonus will be locked up for 180 days in the Confectionery program and automatically yields staking returns during this time.
If you use a referral code, both you and your referrer will receive an extra $10 worth of DFI, which will also be locked and staked in the Confectionery program.
Does that change something?
I don`t think that this requirement changes a lot of things. And i want to mention it is only the limit to receive the SIGN UP Bonus. Here is my refereal link. Sign UP Bonus: https://pool.cakedefi.com/#?ref=479398
The APY is still great
See here the bonus when you add Liquidity:
ETH & DFI | BTC & DFI
See here the stat when you STAKE DEFI:
And what is LAPIS ?
Lapis is a new function which allows the user to earn interest on it`s provided cryptocurrency. As example when you give ETH you will receive rewards in Ethereum. At the moment you will get 5% and if the price goes up. And yes we are hopefully in a bull market then you will receiver higher rewards. The only thing is, that the period of the so called BATCH is about 4 weeks. Here is the information from their side.
Lapis Service provides cash flow for your Bitcoin, Ethereum and Tether. Your principal and returns are fully guaranteed and risk-free with potential bonuses.
Service summary:
- Each BTC/ ETH/ USDT Lapis batch runs for 4 weeks, starting and ending on Friday.
- The base return of BTC/ ETH/ USDT Lapis is guaranteed (see below). There could be potential bonus returns if the spot price of BTC/ ETH/ USDT ends up within a specific range.
- The expected APY (annual percentage yield) might differ from batch to batch. We display the expected APY on our website before you enter into any batch.
- You are able to enter with any BTC/ ETH/ USDT amount of your choosing.
- Once you decide on your entry amount, your BTC/ ETH/ USDT will be locked in option contracts for the entirety of the next 4 weeks.
- After the 4 weeks period of the batch, you will have the option to auto-compound (automatically roll-over) into the next batch, withdraw only your proceeds, or your entire principal + returns to your account.
- Lapis does not charge fees from users, we receive commissions directly from our partners.
If you want to give it a try i will be happy if you use my referal link. This also gives you a bonus of 10$, but only if you deposit a minimum of 50$. As always, please be careful and watch out. All the best and have a wonderful start in the week.
