You already own crypto but do you know how to invest with crypto? The crypto space has opened up a lot of opportunities, especially in the DeFi space. Do you know what POS is? Did you know you can Stake your crypto? I am currently getting 37% APY staking my crypto.
You probably know about mining Bitcoin, but what about Liquidity Mining? I am currently getting around 200% APY liquidity mining. Although I don’t consider these options very risky, there is some risk, but what if I could show you a way to get guaranteed returns on your BTC & ETH up to 7.5% APY and 8% on USDT.
CAKE DeFi Lending Service provides cash flow for your Bitcoin BTC, Ethereum ETH and Tether USDT. Your principal and returns are fully guaranteed and risk-free with potential bonuses so if you are HODLing, why not get some Guaranteed returns on your crypto.
What is Lending Service?
The lending service provided at CAKE DeFi is where you can lock your BTC/ ETH/ USDT in an option contract for a period of 4 weeks at a time and earn guaranteed interest.
- A Lending batch runs for 4 weeks, but they start and end every Friday. Once your investment is locked in the contract, it is not available for the 4 week period.
- Base returns are guaranteed with potential bonuses if the spot price ends within a specific range.
- The expected APY (annual percentage yield) might differ from batch to batch. It will be displayed on the website before you enter a batch.
- You can invest any amount of BTC/ ETH/ USDT.
- 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.
- The Lending Service does not charge fees from users. We receive commissions directly from our partners.
CAKE DeFi Explained
So if you HODL, it makes sense to get some guaranteed returns on your coin, that’s money for nothing.
So what is CAKE DeFi?
Cake is a platform for investing your crypto. There are three ways to invest in CAKE.
- Lending Service
- Liquidity Mining
I personally do all 3 on their platform. I use some of my profits from trading to invest at Pool by CAKE. I have been using CAKE for months and have found them faultless. They are also 100% transparent, which goes a long way in the crypto space. They plan to be around for the long term and have big plans for the future.
Watch this short video on CAKE DeFi’s Vision.
How to Invest with Crypto at CAKE DeFi
Cake has made it really simple to put your crypto to work. All you need to do is open an account which you can do here ===> Open my CAKE Account Then you need to make a deposit. You can transfer crypto straight from your wallet, or you can choose to purchase crypto on the platform with fiat currency.
They have various options for deposits, I have deposited BTC directly from my wallet seamlessly and have also used Poli to transfer AUD without fees. Once you have made your deposit, you need to select how you will invest your coin. I have written previous posts on Staking & Liquidity Mining so will not cover those today. I’ll just cover the Lending service.
Once you have opened your account and funded it, you need to click on the Lapis Tab at the top of the site. From here, you need to choose what batch you want to enter and what crypto you want to invest. You can choose between BTC/ ETH/ USDT.
Just click the ENTER button on the batch you wish to enter. The Batch will be started on the following Friday and be locked for 4 weeks, in the end, you have the choice to reinvest, take profits or both. I use the auto-compound feature and re-invest my returns. I figure if I am going to HODL, I might as well earn some guaranteed interest on it.
Other Investment Options
As I have mentioned, I actively trade crypto on an exchange. I like to invest the profits from my trading into other options like CAKE DeFi. I have also participated in some ICO’s Be warned – these can be very risky, you also have the potential to make a lot of money with ICO’s. Many ICO’s are just scams you can read more about them on my post What is an ICO Crypto?
I have just started using the DCA strategy for buying BTC as well. I buy small amounts weekly and have set this up, so it happens automatically. DCA stands for Dollar Cost Averaging. It is a simple investment strategy where you buy small amounts regularly.
As an example let’s say you just banked $100 every week for a year, you would have $5,200 at the end of a 1 year period 100 x 52 = 5200
If you did the same with Bitcoin regardless of weekly price and just purchased $100 worth of BTC every week, based on BTC prices for last year you would have around $14,000. That figure is based on 2020 price action.
To get a better understanding of DCA have a look at this article, ===> Investopedia Dollar-Cost Averaging.
I really think blockchain and crypto are the way of the future, whether we like it or not. I have chosen to take part in the crypto space, and it is working for me. Just recently a lot of big players like Goldman Sachs, Square, MicroStrategy, PayPal etc…have been dropping hundreds of millions into BTC, this has pushed BTC to all-time highs.
A lot of confidence has come into the Bitcoin market because these big investors are putting their money into BTC. A recent Leaked Citibank Report said Bitcoin could reach $300,000 by the end of 2021 and they are not the only ones who think this.
Cryptocurrency is the future of investing, and now you know How to Invest in Crypto which option will you choose? There are many scams in the crypto space so be very wary, but I don’t think you can go wrong with CAKE DeFi even if you just want to HODL and use their guaranteed Lending service to earn a little extra interest, this could prove very profitable. It’s Like having your CAKE and being able to eat it too.
What are you waiting for? Get your slice today.
Bitcoin & DFI to the MOON!
! 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.