If you want to know how to earn a passive income from crypto, I have one word for you Staking. In today’s post, I will show you how to Stake DFI at CAKE DeFi and get some insane returns on your investment safely and passively.
CAKE DeFi is a crypto investment platform where you can put your crypto to work for you and generate cash flow. Now I am not talking just a few % like the banks offer you at best. Currently, I am getting over 90% APY on my investment at CAKE DeFI. Let me show you how.
What is Staking Crypto
To put it in simple terms, you receive rewards for confirming transactions on the blockchain.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. Anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards on these blockchains.
But don’t worry, you don’t need to know all this technical stuff to take advantage of Staking Rewards. CAKE DeFi pools the collateral to run the master nodes for you to create a truly passive income.
If you want to jump straight in and start Staking, have a look at my previous post ===> How to Stake Crypto | CAKE DeFI
How can Returns be so High?
The rewards are a set amount for new each block on the blockchain. You can read all about the emission rate from this link ===> DFI emission rate.
Currently, the DFI block reward for Staking is 135 DFI.
The total rewards will decrease by 1.65% every 2 weeks; however, the 33.33% rewards for Staking are guaranteed. This means that the current % of around 98% will slowly decrease over time.
I have been Staking at CAKE DeFi for over 6 months, and it has been faultless. I get rewards paid into my account every 12 hours.
What are the Risks?
So as you can see, DeFiChain would have to stop for rewards to stop. I personally can only see this project getting bigger and has real potential for capital growth as well.
Learn more here ===> Upside & Risks of an Investment in DeFiChain (DFI)
I have studied this project for a while now, and the more I learn, the more I like it. For me, exceptional rewards far out weight the little risk that there is. I personally think that with all the new features DeFiChain is bringing, like Atomic Swaps, Futures and Options, that price will only increase as demand grows.
DeFiChain is built on top of the Bitcoin blockchain, unlike all the other Ethereum DeFi project. This makes it a lot more secure than its competition. CAKE DeFi is the platform you will be Staking on, so what are the risks at Cake DeFi?
Watch this short video where U-Zyn, the Co-founder, talks about risks at Cake DeFi
So there is Minimal risk and Fantastic returns, so now you want to know exactly How to Earn a Passive Income from Crypto – The answer is STAKING at Cake DeFi
How Can I Start Staking
There are a few steps to open your account at Cake DeFi.
- Sign up – Open your account here ===> Open my CAKE DeFi Account Now
- KYC – they need to identify you before you can invest at CAKE found out about it here ===> KYC @ CAKE
- Funding your account – Learn about deposit and withdrawals here ===> Deposit & Withdrawal info
- Allocate Funds to Staking – Once you have DFI in your account, you can allocate it to Staking. See how it is done here ===> How to Stake Crypto | CAKE DeFi
- Collect Daily returns – You can select to collect returns daily for cash flow, or you can auto-compound your earnings.
It really is simple. The hardest thing is opening your accounts. I will tell you that you need to open an account at an exchange that deals in DFI because you can not cash out on the platform itself. They are not an exchange and require a license to do this.
It is also cheaper to buy DFI on an exchange and send it to Cake DeFi. You can also send BTC straight into Cake DeFi, but you will pay a premium for converting to DFI on the platform. This is why I recommend an exchange.
If you convert via Cake Defi, the rate is higher than that of the exchanges due to the institutional premium with partners. This is for the sake of convenience for those who don’t have access to an exchange that sells DFI.
Currently, Kucoin or Bittrex Global are good exchanges to buy DFI from. I will update the post as more exchanges become available.
Final Thoughts on Staking @ CAKE DeFi
If you want to know how to earn a passive income from crypto, you can not go past CAKE DeFi. They have made the task of staking really easy for the average person to participate in Staking.
CAKE DeFi is the most transparent investment platform that I have ever seen by a long way. There are NO secrets at Cake. They publish all their reports and let their community know exactly what is happening at all times, and they are continuously improving to give their users a better experience.
Choices – Not just Staking
They do provide a few other options as well, and some are even guaranteed. I have not mentioned the Freezer yet either. You can Freeze (lock) your Staking Capital up for a time period from 1 to 120 months and receive a little more interest because they will give you a rebate on some of the staking fees involved. People are currently getting over 100% in the freezer.
Honestly, I don’t really care if you choose to stake at Cake DeFi or not, but I can honestly say it is the most consistent easy passive income I have ever earnt hands down. If you want to get returns every 12 hrs on your crypto investment, Staking at CAKE DeFi is the way to go.
So now you know How to Earn a Passive Income from Crypto, what are you waiting for? Get your Cake Account NOW and start staking today!
Here is your chance to start creating Wealth with Crypto today.
! DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.