What is Liquidity Mining

What is Liquidity Mining | CAKE DeFi Review

The world of Decentralized Finance or DeFi has opened up a lot of opportunities to create wealth. Today I am going to do a CAKE DeFi review, Cake is an investment platform that has made it easy for anyone to get into liquidity mining and earn some extra coin with your crypto.

CAKE DeFi

 

What is Liquidity Mining?

Liquidity mining is also known as yield farming, but what is it really, and how can you take advantage of it? Liquidity mining is simply the act of providing liquidity via cryptocurrencies to a DEXs or decentralized exchanges.

If you are unsure about liquidity mining and the risks involved I invite you to watch this video from Dr Julian Hosp, the CEO and Co-founder of CAKE DeFi. It is the best explanation I have seen about liquidity mining, and if you are interested in creating Wealth with Crypto, it is definitely worth the watch.

Liquidity Mining Explained, including Risks.

Now that you know what liquidity mining is, let me introduce you to CAKE DeFi. I have been using CAKE DeFi to invest my crypto for months now, I have been using their Lending Service and have been staking my crypto there. They have recently added liquidity mining to their services, so I jumped on board.

Today I will be giving you an honest CAKE DeFi review and showing how you can start liquidity mining and creating more Wealth with Crypto.

CAKE DeFi Review

Name: CAKE DeFi

Website: https://pool.cakedefi.com

Price: Free to invest

Founders: Cake was founded at the beginning of 2019 by Dr Julian Hosp and U-Zyn Chua to solve major financial pain points in people’s lives. They are innovators from diverse backgrounds and industries.

Overall Rank: Two Thumbs Up

CAKE DeFi Product Overview

3 Min CAKE Overview Video

The Claim: The most transparent way to get cash flow from your cryptocurrencies.

There are 3 main services that you can use at CAKE.

  1. Lending Service – Base APY is now guaranteed. Get bonus returns when the price of the native coin goes up during a batch. Up to 7.5%     Go Here to watch ===> Cake’s Bitcoin Lending detailed explanation.
  2. Staking – Currently getting 90%+ APY  Go here to learn ===> What is Crypto Staking
  3. Liquidity Mining – Currently returning around 100%+ APY see image below for current rates.

Available Pairs

The CAKE platform provides you with a 100% Transparent way to invest your crypto. They do this through the 3 services listed above. They also have a Confectionary program that will give you some extra benefits for investing larger amounts and a referral program to earn extra for referring people to CAKE DeFi.

The Good & the Bad

The Good:

  • Easy to use – Great platform, 100% transparency.
  • Easy to deposit – Direct deposit crypto or purchase on the platform, various methods.
  • No minimum amount to invest – Because money is pooled, you can invest any amount.
  • No time limits – Withdraw your funds at anytime
  • 100% Transparency – See exactly how your money is put to work.
  • Automation – Earning rewards is made easy with automatic real-time compounding.
  • Confectionary Program – Gain extra benefits for upgrading (staking higher amounts)
  • Referral program – Earn real money just for recommending people.

The Bad:

I have been using CAKE DeFi for over 4 months now and have found them to be faultless. I can honestly say that I can not find anything bad to say about CAKE DeFi. If I do find anything I will be the first to let you know but don’t just take my word for it check out what Trustpilot has to say Here ===>> CAKE DeFi Reviews.

There are 57 reviews, 7 are great, and 50 are excellent with NO bad or negative reviews posted.

Who is CAKE DeFi For?

You do not need CAKE to get involved in liquidity mining you can do it yourself. There are pros and cons to both sides. So why do I use CAKE?

Check out this short video to see why

Now you can make your own mind up, but I really think CAKE DeFi is an excellent way for anyone to get involved in crypto and start investing with it. Cake has made it really simple to start investing in crypto with their easy to use platform. Cake DeFi really is for anyone that wants to start investing with crypto. Cake is hassle-free 100% transparent and trusted with my coin.

Cake DeFi – Training and Support

Cake does all the work for you all you really need to do is open an account, pass KYC, make a deposit and select how you are going to invest, simple. They have some excellent educational videos on Youtube and a great FAQ section on their website.

If you can’t find the info you need you can open a support ticket. I have dealt with support and found them awesome to deal with, and they are quick and efficient. They also have good communities on social media. One of the reasons I personally use Cake is that they really are 100% transparent, and Dr Julian is passionate about making a difference.

CommunityCAKE DeFi

My Final Opinion of CAKE DeFi

I honestly believe that CAKE DeFi provides an excellent service for anyone to invest in crypto. The best bit is they are passionate and 100% transparent about it, I would highly recommend CAKE.

I personally use all three options, the Lending, Staking and Liquidity Mining for my investing. I have found them all to be faultless. I have even been paid more than the stated figures so I can not complain.

There really are many different ways to create Wealth with Crypto , and the next time someone asks you what is liquidity mining you will be able to tell them what it is. I actively trade crypto using Trader Cobb strategies , but I like to HODL and invest with my trading profits. I have found CAKE DeFi an awesome way to put my crypto to work for me to make a passive income.

There are many scams out there in the crypto space, especially when it comes to DeFi, I have been scammed a few times myself. CAKE is 100% legit and can be trusted. They are the most transparent company that I have ever seen.

So what are you waiting for? Now you can have your CAKE and eat it too, what are you waiting for?

Get your Slice Today

and remember…

Be the Best you can Be

Crypto Dave


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.

16 thoughts on “What is Liquidity Mining | CAKE DeFi Review”

  1. I trade crypto currency on a regular basis and i have never heard of liquidity mining this is a very interesting subject. I know that with crypto currency in general there are lots of risk in general because of its volitality with the price going up and down so frequently. I have made lots of money on Bitcoin and a few other alt coins using caution in crypto is key because it is so high risk but the rewards are huge as well. Great article with great information keep up the good work.

    Jonathon 

    1. Hi Jonathon, I just put some of my profits from trading into cake, you know diversification. I believe it is a good safe way to put your crypto to work (especially if you HODL) risk is minimal with CAKE.

      I love the volatility in crypto makes for excellent trading. What strategies are you using? Have you had a look at the Free Course it is better than a lot of paid-for courses?

      Crypto Dave

  2. Cake defi really has made liquidity mining easy from what I read in your review. Before now, crypto mining use to sound like something very difficult and impossible but reading this review has helped me understand that it’s not difficult especially with Defi. I like the fact that you can watch educational videos on the platform which ensures that you don’t get stuck along the way. Thanks for the review

    1. Hey Jude, Yes, CAKE really is an awesome platform. Don’t confuse POS proof of stake with POW proof of work liquidity mining differs from mining BTC.

      I love that they are 100% transparent and have good videos to explain everything; they are really trying to make a difference. Have you got your slice yet?

      Crypto Dave

  3. Jason Mick Brody

    I have always been sceptical about crypto currency’s. Your review on liquidity mining, CAKE DeFi has opened up a new door for me as I have looked more into it. Looks very interesting. I’m going to look at the free course and see if they can bring down my scepticism on crypto. Thank you for your informative and helpful article.

    All the best and cheers,

    Jason.

    1. Hi Jason, Once you get a little educated on crypto, you will not be sceptical. There are many ways to create Wealth with Crypto.

      Crypto & Blockchain are the way of the future, and we can’t stop it. I choose to learn what it is all about, and it is one of the best decisions I ever made.

      Be the Best you can Be 

      Crypto Dave

  4. This is an excellent post.

    Crypo currency has been around for quite a while but I am always of the opinion that it is only for big investors.  However, I am now realising that that is not the case.

    Being very apprehensive about it, I really need to have confidence that I will not be ripped off.  Your recommendation based on your own experience therefore gives me that confidence as you are talking from experience.

    Thanks

    1. Hey Geoff

      I resisted crypto for a long time also, and unfortunately, there are still scams out there. I decided to get educated in the crypto space and have not looked back since. It is one of the best decisions I ever made.

      I can highly recommend CAKE DeFi as a great place to start investing in crypto. They are 100% transparent and can be trusted. I get great returns daily from CAKE DeFi. It is an excellent and trusted way to put your crypto to work for you and earn great interest.

      Open an account from this link, and you will get a $30 bonus if you deposit $50 or more ==> Open CAKE DeFi Account.

      Be the Best you can Be 

      Crypto Dave

  5. Good day, I’m pleased to meet you. I am very happy to have read about liquidity mining, which I did not know before. Well, this review of Cake DeFi is so interesting and eye-catching. I’m thrilled to have read that Pool by CAKE is  great to use and is a platform with a hundred percent transparency. It’s really worth giving a try, thanks for sharing.

    1. I can highly recommend CAKE DeFi it is an awesome way to put your crypto to work and create passive cash flow.

      I have been using them for over 6 months and can not fault them. Definitely worth a look and if you use this link CAKE DeFi you can get an extra $10 bonus when you sign up.

      Crypto Dave

  6. I have been trading cryptocurrency for awhile and was unaware of liquidity mining.  Cake sounds like the kind of platform that someone now to this concept would find helpful.  Despite the clarity of the videos, I am going to do a bit more research into the 3 types of investments.  I am particularly interested in the third one, but the idea of lending crypto is interesting.  Thanks for this introduction to CAKE. I have bookmarked the site so that I can get involved through you if, after researching a bit more, I decided to get in.

  7. Thanks for explaining CAKE DEFI here. Recently, I’m interested to diversify my investment portfolio with crypto, but I’m still unsure of which platform that I should use for mining it. One of the barriers that I usually meet is the lack of integration with PayPal for payment transfer methods. Is this tool support PayPal? I don’t really want to use my local bank account, if possible. Thanks

    1. Hi, You can transfer crypto straight into your wallet at Cake. If you want to purchase on the platform they use a 3rd party called Banxa. There is no PayPal. You can purchase BTC and send it to Cake though.

      It is an awesome platform that has great support I make money daily from the platform.

      Crypto Dave

  8. Most people know what crypto currency is and that it is a good idea to get involve in it but that’s where it stops.  There is so much overwhelming info about crypto currency that it’s just easier to let it go. It gets quite complex with concepts like mining and just how it works in general.

    To be honest, I do not know much about crypto currency and how to invest in it or with it. I wish I did, so I think this is brilliant that there is a platform that assists with this. 

    Thank you for this informative review, it definitely peaked my interest.

    1. Hey Anna, Cake DeFi does all the heavy lifting for you. You don’t need to know it all to invest with Cake. That is the beauty of the platform. They make it easy for anyone to invest.

      I would recommend Staking, which is just like putting your crypto in a bank account, but currently, you can earn around 100% APY STaking at Cake. Learn how to stake @ Cake here ===> https://2dsirecrypto.com/how-t

      Crypto Dave

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