Cake DeFi, a well-known fintech company that provides easy access to decentralized finance (DeFi), has announced the launch of earn – A new addition to its portfolio of FinTech products and services.
The latest invention of Singapore-based Fintech, EARN allows users, especially conservative investors, to generate returns via a unilateral liquidity mining service while providing protection against market volatility.
It is no secret that digital assets have grown in popularity among the broader financial community, and a typical diversified investment portfolio with a good general base will include holdings of cryptocurrencies worth 5% to 10% of the entire portfolio.
However, with the entire cryptocurrency market recently losing a significant portion of its market capitalization, amounting to $2 trillion since its peak in 2021, as well as the impending high inflation, seasoned and new investors are beginning to take a more conservative stance, although they continue to diversify their portfolios. investment into digital assets.
Speaking about the need for EARN, Cake DeFi co-founder and CEO, Dr. Julian Hosp, claimed that the company’s latest product was launched to meet the needs of today’s market.
“With the onset of the crypto winter, investors are increasingly risk averse, especially as many central finance (CeFi) platforms are becoming insolvent or facing liquidity issues,Dr. Julian explained.
More so, as a hybrid protocol that combines the features of a centralized and decentralized finance system (CeDeFi), Cake DeFi’s primary goal is to provide its users with good returns on their crypto investment while ensuring complete transparency.
Emphasizing this, Dr. Julian said, “EARN will allow users to get unbeatable returns on Bitcoin, which they can track transparently on the blockchain. The volatility protection feature will also protect them from non-permanent loss, especially in times of market volatility.”
Cake DeFi is currently positioning itself as a completely transparent product that is designed solely to help users achieve a competitive return regardless of any obstacle such as market volatility and non-permanent losses.
For example, users can allocate either Bitcoin (BTC) or DeFiChain (DFI) to receive rewards in the native currency every 24 hours, at an annual rate of approximately 10 percent annual return (APY). While returns are allocated in earn, The original platform It will be automatically aggregated to generate greater returns in the long run.
In addressing concerns about market volatility and the potential impact on users’ funds, EARN uses a fluctuation protection A feature to protect the various factors that can lead to price slippage, including non-permanent loss, thus covering potential losses in the event that cryptocurrency prices fluctuate significantly.
Like Cake DeFi, EARN also combines the attributes of two very different products – the high yield of liquidity mining and the low volatility usually associated with cryptocurrency lending.
Due to its uniqueness, the newly launched product can offer potential users a new approach to generating cash flow from allocating existing crypto assets without counterparty risk and protection against non-permanent loss. Users will equally enjoy full transparency across their investments as they are allocated directly on the DeFiChain blockchain.
The latest development is another notable achievement for Cake DeFi, which has experienced exponential growth in recent years. The fintech firm had its strongest quarter yet in the second quarter of 2022 in terms of customer acquisition, funded accounts and payments, as revealed in its most recent Q2 2022 Transparency Report.
Despite the negative market outlook, CAke DeFi has exceeded 1 million customers and paid out a total of $375 million in customer rewards as of the second quarter of 2022. In the near future, the fintech company aims to continue growing its customer base with embedded financial promotion to make DeFi more accessible. For consumers and institutions alike.
About DeFi Cake
Cake DeFi is a fully transparent and highly innovative financial technology platform dedicated to providing access to decentralized financial services and applications by enabling users to generate returns on their crypto and digital assets. It is operated and registered in Singapore and is subject to the laws and regulations of Singapore.
By enabling and enabling its users to harness the potential of DeFi, Cake DeFi aims to educate and inform people around the world about encryption and DeFi in a simple, easy to understand and hassle-free manner.