How I earn 100 % APY!
If you’re within Bitcoin and Blockchain, Im sure you’ve heard about Staking before. For most of the coins you can get between 5 and 15 % APY. But there’s a DeFi project that got a staking reward of around 100 % APY.
Who is offering this high rewards?
Cake DeFi is a company offering Staking, Lending and Liquidity Mining on the DeFiChain Blockchain. It is based on Bitcoin, its native token is the DFI Token. It has nothing to do with Pancake Swap but has a great potential to soar further in the future.
How to earn 100% APY with Staking?
In order to profit from the high APY, all you need to have is DFI-Token. I personally recommend Bittrex to buy token, because its the exchange with the highest volume for DFI and therefore the most stable price for purchase or selling.
Once you have the DFI token, you need an account on Cake DeFi. If you register with this referral link or enter my ID 129476 during registration, you’ll get 30 USD worth of DFI token for free if you deposit more than 50 USD.
What else can you do on Cake DeFi?
Liquidity Mining is another great opportunity to earn rewards. Currently there exist six pools in which you can place your coins to get rewards of around 100% APY for BTC, BCH, ETH, LTC, USDT and DOGE paid out every 12 hours.
Another opportunity to get rewards is to lend Bitcoin, Ethereum or USDT. This way, an APY up to 8 % is possible.
How is Cake DeFi making its money?
Depositing Fiat or Coins is free on Cake. Also joining Staking or Liquidity Mining is free. Cake takes a fee of 15 % of every reward that you get. So you only pay a part of the rewards, while you still keep 85 % of it. Also Cake charges a fee for withdrawal. The fees differ from coin to coin because of the Fees that are charged by the Blockchain (for example of the Ethereum Blockchain). The rewards from Liquidity Mining come from the trading-fees of the pairs, traded on the DeFiChain-DEX within the pools and also the Block Rewards minted over time.
So if you like, check out this unique opportunity yourself.
Now stay safe and enjoy your free coins!