Cake Defi is a Singapore-based registered company that has a physical office and regulated by the laws of Singapore.
Cake Defi was co-founded in 2019 by Dr Julian Hosp and U-Zyna Chua.
I have joined and used its service for a few years and it has upheld its good reputation.
As a company registered in Singapore, the strict laws and virtually no crime are strong advantages.
I am quite certain that there were many investors like me who had been scammed by staking platforms that offers crazy staking reward but disappeared and ran away with our money.
Staking DFI tokens allow us to earn 23.9% APY currently. We can also choose different earning opportunities like lending, liquidity mining or staking other cryptocurrencies.
There is also a great referral reward allows us to earn $10 for each referral and we can earn 1% p.a. from our referral investment.
I have been getting the referral reward weekly from my referral investments.
With a deposit of $50, new users can get a welcome bonus of $30 worth of DFI.
The above promotion is a cool 60% nice rebate if we calculated based on $50 deposit.
For those who do not have much to invest can really consider getting its referral rewards that need us to recommend others to its service.
After getting others to earn at Cake Defi, it is really a nice stream of weekly passive income.
We are able to get our referral link after completing KYC.
We need to provide the following documents for identity verification: -
- Our identity - our identity card or passport.
- Our residential - utility bills or anything that has our address and name on it
Below is my referral link if you are interested to sign up and get the $30 worth of DFI as well as start referring people to earn referral rewards.
https://pool.cakedefi.com/#?ref=610483
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.