The largest and fastest-growing fintech firm in Singapore, Cake DeFi, which facilitates easy access to decentralized finance (DeFi), has announced its latest product, EARN. This product enables users to make yields via a single-sided liquidity mining solution while also shielding consumers against price fluctuations. Users of Cake DeFi’s EARN will be able to achieve competitive profits while being shielded from the effects of market volatility and temporary loss thanks to the fact that EARN is a completely transparent product.
Users have the option of allocating Bitcoin (BTC) or DeFiChain (DFI) and will be rewarded in the native token once every 24 hours at a rate that is equivalent to around 10% annual percentage yield (APY). Additionally, auto compounding will be used on returns in EARN in order to produce even higher yields. Volatility Protection is a feature of EARN that tries to safeguard users against temporary loss by compensating for any financial losses in the event that cryptocurrency values experience significant swings. This feature was developed in response to concerns regarding the influence of market volatility on user funds.
According to Dr. Julian Hosp, Co-Founder and CEO of Cake DeFi: “Our latest product EARN was launched to address today’s market needs. With the crypto winter settling in, investors have become increasingly risk-averse, especially since much Centralized Finance (CeFi) platforms have become insolvent or are facing liquidity issues. As a Centralized Decentralized Finance (CeDeFi) platform, our business is to provide our users with good yields on their crypto investments with complete transparency. You can always trust Cake DeFi because you can always verify.”
Generating Cash Flow From Allocating Existing Cryptocurrencies
Any diverse investment portfolio should include digital assets today as they are quickly becoming mainstream for the larger investment market. However, a reasonable rule of thumb is to restrict crypto holdings to between 5 and 10% of the overall portfolio. Nevertheless, as a result of the crypto winter, which resulted in a loss of value of $2 trillion since the peak in 2021, as well as the anticipated high inflation, investors of all experience levels are beginning to take a more conservative attitude. This is the case even though they are diversifying their portfolios into digital assets.
EARN takes advantage of the best of both worlds by combining the minimal volatility that is typically associated with crypto lending with the large payouts that are generated by Liquidity Mining. It is an innovative and one-of-a-kind approach to generating cash flow by distributing existing crypto assets. There is no risk of loss due to a counterparty, and there is protection against temporary loss. Since user investments are allotted directly on the DeFiChain blockchain, users will have complete visibility into the status of their financial holdings.
According to the most recent Cake DeFi’s Transparency Report for Q2 2022, the company has experienced incredible growth and had its highest quarter ever in Q2 2022 when it comes to the number of customers, funded accounts, and payouts. Despite the bleak market forecast, it just surpassed 1 million customers and had given out a total of $375 million in customer awards as of the end of Q2 2022. Cake DeFi’s primary aims, in the short term, are to continue expanding its user base and to continue enhancing financial inclusion in order to make DeFi more approachable for both customers and businesses.
Unbeatable Returns With Transparency On Blockchain
Cake DeFi is a completely transparent and technologically advanced fintech platform that is devoted to providing accessibility to decentralized financial services and apps. It does this by allowing users to produce returns from their cryptocurrencies and digital assets. Since it is run and registered in Singapore, Cake DeFi is subject to the rules and regulations that are in effect in Singapore. Users of Cake DeFi’s EARN will have the opportunity to earn unrivaled profits on their Bitcoin investments, which they will be able to follow openly on the blockchain.
They will be shielded from temporary loss thanks to the Volatility Protection function, which is especially useful at times like these when the market is particularly volatile. EARN, like the other Cake DeFi services, has an intuitive interface, is completely transparent, and prioritizes user safety. Additionally, it includes all of the well-known benefits of liquidity mining and lending, as well as some of the processes involved in both of those activities and the ideas that underlie them.
Nonetheless, what sets EARN apart from its competitors is that it handles concerns that are typically connected with them, namely volatility loss risk and counterparty risk. In addition, EARN enables users to engage in liquidity mining with a single cryptocurrency. Cake DeFi’s mission is to educate and inform people all over the world about crypto and DeFi in a way that is straightforward, easy to comprehend, and trouble-free. It accomplishes this mission by making it possible for its users to take advantage of the possibilities of DeFi and giving them the power to do so.
