Cake Defi is a registered company in Singapore. I had invested and staked Defichain(DFI) token on Cake Defi in 2020.
It provides staking of Ether, Polygon Matic, Dash and DFI tokens.
We can also put our tokens in its yieldvault for Bitcoin, Ether, USDT, USDC, EUROC and DFI tokens.
It has different liquidity mining pools that provide different types of token rewards.
Staking DFI token allows us to earn a nice current reward of 12.39% APY. I must agree it is not as good as those that offer high daily reward but it has proved that it is a safer investment that does not rugpull like those that I had invested in the past.
The founders of Cake Defi are the same people behind the Defichain.
I personally feel that Cake Defi is a reliable company that offers a good reasonable staking reward that is better than a bank.
Below is a screenshot taken from the registrar of companies in Singapore.
As a company registered in Singapore, the strict laws and virtually no crime are strong advantages. It has not have any hacker that manages to break into its system so far. It has maintained good security for its investors.
Find out more about Cake Defi using the link below.
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.
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