_ image Source: CakeDeFi
I've already tasered what is now reality. The Cake team was working hard on this next level investment tool and they delivered fast: Decentralized Stocks are live on Cake!
It is not a secret that crypto will eat the old financial system sooner or later and this is a crucial step and connection between the old financial system and the new growing decentralized crypto world.
Decentralized!
What is most important here is that the stock trading is decentralized. Just offering stock tokens is a weak innovation but offering them without a middleman is next level.
_ image Source: CakeDefi
For the start 10 different "blue chips" stocks are available to trade hold and participate in liquidity mining. Also the big players are in that boat like Apple, Google and Tesla.
Best of both worlds
And here comes the connection, Stocks as an investment and Liquidity Mining as a service for the decentralized trading and with it the yield farming rewards, this is were the clash of crypto and wall street happens.
Cake DeFi has been involved in this revolution and is striving to be at the forefront of shaping the next generation of DeFi products. These products will close the gap between traditional finance and decentralized finance even further
As one of the most lucrative yield farming strategies, liquidity mining represents a new way of utilizing cryptocurrencies by providing liquidity to decentralized exchanges (DEXes). The primary goal of these exchanges is to attract liquidity and – speaking in traditional financial terms – to offer the narrowest bid-ask-spread by rewarding users willing to bring capital to their blockchain.
Most DEXes replace the traditional order book architecture with Automated Market Makers (AMM): Smart contracts — small programs, running on the blockchain — regulate the trading by matching orders in a truly decentralized, peer-to-peer way. Coin swaps are facilitated by liquidity pools, where the AMM automatically collects a certain amount of fees, which are then distributed back to the liquidity providers along with rewards, stemming directly from the blockchain.
Both financial products are typically routed in different financial ecosystems, making it tough to access and benefit from them by using just a single platform. But new innovations are slowly changing that by bridging both worlds together.
--Quote from their blog
To participate in the Liquidity Mining you simply lock up the Stock token with the Cake native token "DFI" in a pool and you earn some decent APY on it + you'll benefit still when the stock price goes up.
_ image Source: CakeDeFi
Use my referral Link if you are interested in the Project and get a 30$ kickstart: https://app.cakedefi.com/#?ref=442675
Disclaimer
This is no financial advice. Everything written is my opinion only and you should do your own research. Investing in Bitcoin and other cryptos, lending, DeFi, liquidity mining are high risk investments. You could lose everything, only invest what you can afford.
Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.
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