Cake Defi is a registered company in Singapore with a physical office.
Behind is a screenshot taken from the registrar of companies in Singapore.
I have experienced many new BSC Defi Farms that would attract us with high APY but they would disappear within days causing many investors to lose their investments.
Investing in a Defi project from a registered company with a physical office is definitely the preferred choice of many experienced investors since the risk of losing their money is greatly reduced.
Cake Defi has been around since 2019. Both Dr Julian Hosp and U-Zyn Chua are not only the founders of Cake Defi but they are also the founders of DefiChain with its token called DFI which is at the price of above $3.
DFI token is listed on exchanges like Bittrex, Kucoin, Hotbit, IndoEx, Latoken and Bitrue.
DFI token was less than $0.30 one year ago and it has been growing steadily with a big team behind.
With its referral programme, we can earn $10 worth of DFI tokens without even investing in it.
Getting new sign up may not really be that tough as Cake Defi is offering $20 worth of free DFI tokens to each new user after the first deposit of a minimum of $50.
By signing up with a referral link, the new user gets an additional $10 worth of DFI while we would also get $10 worth of DFI for referring them successfully.
All these free DFI would be locked up for 180 days with staking rewards to prevent abuse of its referral programme with its attractive sign-up bonus with a total of $30 free DFI tokens.
Staking DFI tokens allow us to earn a high 40% APY.
After signing up, we would need to verify our identity for KYC since Cake Defi is a registered company so it is an important protocol to ensure it follows the laws and regulations of Singapore.
We need to provide documents for verification: -
1) Our identity - our identity card or passport.
2) 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.
Getting referral to earn free DFI that goes into staking can become an attractive long term passive income with this 40% APY.
It may take a bit of work in the beginning but we are actually helping others to learn about the wonderful opportunity that Cake Defi has unlike other Defi projects that do not last very long.
For those with a bigger risk appetite can invest in its liquidity mining of USDT-DFI LP with a high reward of 116% APY at the point of this post.
When we do not have much to invest in staking, we can earn our DFI simply by promoting Cake Defi to others that may benefit them for life.
Click the link below to find out more about Cake Defi on your own.
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.