Hello HODLers,
CakeDeFi has been around for a while now (since 2020) and many users might have been quite doubtful at the beginning. Nevertheless, it delivered on the yield side for the past 12 months.
Users who took the risk have been clearly rewarded.
Olympic Games "Bake-Off"
As the Olympic Games, they started a special event from today to August, 8th. During this period, if you register to their platform through a referral, you will receive $50 in $DFI staked to your account.
You need to have a referral to sign up via an invitation link (you can also use this code: 140411). Once you have passed the KYC (with IDs and proof of address), you will just need to transfer 50$ in Bitcoin, Bitcoin Cash, Dogecoin, Dash, Ethereum, USDT or USDC.
I personally chose LTC as it was the one with the lowest fees. Once you deposit this 50$, you get the bonus instantly and can withdraw immediately cryptocurrencies you transfered: No Risk !
Getting 50$ with no risk is quite amazing. The only caveat is that the bonus will be staked (at a current 100%APY) and locked for 180 days
The token has had quite a good run since inception (+923%)
As usual, do your own research and I hope this might be useful to some of my followers.
To activate the bonus, you need one of the following:
Invitation link: https://app.cakedefi.com/?ref=140411
My referral Code: 140411
Latest Analysis
Everybody warned you about this drop... & it happened! Time to use these Stablecoins?
Alpaca Finance: BSC Yield Optimizer and Leveraging your tokens !
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Is cake different from pancake swap?
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Yes it is. It is a different chain and not on BSC. You should try it just to get these 50$.
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it was just the question I wanted to ask, thanks for the question and thanks for the answer
I am glad I could answer it ! Have fun with your bonus
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I'm a fan of theirs, U-Zyn was willing to answer interview style questions I posed despite being a crypto millionaire. Was super cool he was willing to talk to a smaller account and tell his story to any audience!
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Well, that’s good to know ! Some positive vibes about the project are always welcome.
Even if in any case the risk is very small as you can take out your 50$ directly.
Thanks for the comment
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DeFi is going so fast, I can't decide on the best course of action:
-Stuck
!LUV
@vlemon, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. (5/10)
This has always been the trade off but for once this bonus is not risky and you still get some rewards in the future hehe 😉
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Thanks for this report, I'm taking a look at the various DeFi platforms and then I'll choose which one to use
This is the same Cake we have on CubDefi right?
I don't have 50$ for Defi this month xD
It is not the same they have their own chain. You do not have to lock it. Just deposit it and then send it back to wherever it came from hehe :D
Ohh, I have pancake cake xD
Ye true, but everything is staked xD
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I've been using CakeDeFi since maybe April. I know some folks have had some hesitance to get involved with something that Julian Hosp is a part of, but I've been satisfied so far.
As @rob23 mentioned, the transparency of U-Zyn has made me more confident in the project.
I'm a noob. I know nothing. DYOR, etc... But I've been happy so far.
And yeah, for other noobs, all this talk about cake, pancake, cakedefi, etc... can sound confusing, but these are all different things.
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I love the CakeDefi project and also trust, invested in it and wrote some articles about it. very promising future steps.
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if new user singup with my refferal they will recive 50$ and whats our commission ?
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Apparently 25$ but for now it seems none of my referrals were “fully approved”. So I guess Idk. Did you sign up using mine ?
Thank you for the code, free cake is always nice lol
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