There’s a better deal than personal referral links right now.

If you are a user of the Brave browser (or have the ability to download it to use for this one purpose), there is currently a promotion running to get you a better deal than anyone’s personal referral code.

Usually I’d be all for a random internet stranger earning both myself and them $30 worth of DFI (a token used for providing liquidity) for signing up using my referral code (281910). And who wouldn’t? That’s easy money for us both, and we don’t have to know each other, vouch for each other’s character, exchange goods or services, or anything else that represents a traditional economic experience. I just spread the word, you use it, and we both get paid.

But right now (started November 1, unknown end date) it is a much better deal for you to sign up using the code CAKE50.

Code: CAKE50

New users to CakeDeFi using this code will receive not the normal 30, but 50USD worth of DFI (after completing KYC and making a first deposit of $50-worth or more).

Fifty Dollars!

That’s 67% more than normal!

The Process 

Go to the CakeDeFi website using Brave browser and initiate the sign up process.

Use the code CAKE50 on the screen where you enter details like your name.

Complete KYC

For me, this included reporting my name, address, and phone number. Then I uploaded a picture of my government ID, and something with my name on it that was mailed to my address. Then I had to take a picture of me holding my ID and a paper that said “cake” and my name and the date. Then I waited.

Earn DFI

While I was waiting to be approved, I earned $5USD worth of DFI by reading through their guide on “What is Native DeFi?” and answering some questions about the content.

Unlike on Earnathon where it’s a bit of a competition, and you truly have to be learning to earn the credits, this one they really want to hand you those tokens. I got one answer wrong, but was immediately able to try again, and still got the reward for answering it correctly.

At this point my balance showed ~$5 value. (Variance due to price fluctuations.)

Deposit

Once approved, I made a deposit of $60 worth of BTC. The initial deposit only needs to be $50 worth, but I didn’t want to miss the minimum mark if the price of BTC happened to fluctuate between when I sent the transaction and when it arrived.

Immediately after my BTC arrived, my balance went up to ~$113. As per the disclosures for both the earned & signup bonuses, all the DFI was auto-staked and put into my “Freezer,” which means I don’t have the ability to withdraw it for 30-180 days (the $5 I earned is frozen for a month, the $50 is frozen for 6 months).

I Don’t Have/Like BTC, What Else Can I Deposit?

From what I can tell, the iOS mobile app version of CakeDeFi supports the following currencies:

• BTC
• BCH
• DASH
• DFI
• DOGE
• DUSD
• ETH
• LTC
• USDT
• USDC

Other versions of the platform may support other types.

Profit!🧧

The next thing I did was use my BTC to provide liquidity for the BTC-DFI pool. I chose this because it had the highest % of yield listed, but also because staking didn’t appear as an option right away.

Using the “Simple Mode” and “max” button for the BTC section, CakeDeFi set up a trade for me where half my BTC would become DFI, and then the pair of them would be committed to providing liquidity to the pool. 

Liquidity Pools💦

For those unfamiliar with providing liquidity, this is a process where someone (like me) commits to adding equal values of two cryptos to a pool. The pooled amount can then be used to process transactions between those two currencies, using a mechanism that is sortof like the Lightning network.

While in the pool, APY is provided. Right now the APY for the BTC-DFI pool is ~75%.

Into The Freezer❄️

Now that I had some cake staked, I tossed it into the freezer for a month (to test this function).

The Freezer is the cutesy baking-themed name for setting aside a stake or LP or Lending amount for a specific amount of time. The commitment to that time makes the provided currency more dependable, so the yield goes up.

For me, this is about an extra percent for a single month for each of the earned $5 (which were staked), almost 2% for a single month for my BTC-DFI pool funds, and almost 3% extra for the 6 months my CAKE50 DFI will be staked.

Ok Yeah, but what does this mean REALLY?

When my funds first hit my account, my balance was $113.08. Now it’s $117.64, and my rewards dashboard says I’ve earned $0.18 this week. I wish it showed by date, but it doesn’t, so I can’t prove for certain that this was earned in the last 48 hours. 

Here’s a timestamp on the pool add:

So I’m at ~$0.10 per day at this point, which is pretty good return for an experiment!

Will I deposit more?

It is exceedingly likely.

But Wait, I Thought This Blog Was “Zero Dollar” Investing?

Every cent of the BTC I deposited was earned by playing crypto games and claiming faucets.

What??

Yes. If you have been following my RollerCoin updates over on “Getting What Has Been Paid For,” you’ll be familiar with my bottom text, which has a link to my favorite free crypto resources.

All of my BTC has come from a few places:

• FireFaucet
• Bucksify
• Cointiply
• CoinPayU

There are others on my linktree that are also worth checking out.

When This Promotion Has Ended…

If/when the CAKE50 code no longer works, I’d be thrilled to have you use my referral code, 281910, during your signup process. This will earn us BOTH $30 of DFI tokens!

If you’re like me and always looking for good free crypto, check out my favorites and faucets.