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.
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 Pool by CAKE to invest my crypto for months now, I have been using their Lapis 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
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.
- 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.
- Staking – Currently getting 37% APY Go here to learn ===> What is Crypto Staking
- Liquidity Mining – Currently returning around 200% APY see image below for current rates.
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
- 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.
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.
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.
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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.