$20 in DFI from CakeDefi (Small Deposit Required, Can Be as Low as $1)

130

$20 in DFI from CakeDefi (Small Deposit Required, Can Be as Low as $1)

Sarinella on 03/01/2021 - 14:47 pool.cakedefi.com (345 clicks)
Last edited 04/01/2021 - 17:40 by 1 other user

from their website: "Hold your cryptocurrencies and put them to work at the same time. Cake is the first fully transparent platform that generates constant cash flow for you".

At the moment, you can get a bonus of $30 in $DFI ($20 for signing up+ $10 if you use a referral code) when you register on CakeDeFi´s website and fully verify your account. you will need to make a deposit to get the bonus which can be as small as 1 Satoshi (0.00032597 USD) which is nothing. I deposited $10 USDT and got the bonus immediately.

Bonus will be locked up and staked for 180 days which will automatically yields staking returns during this time (37% APY). These staking rewards will be added on top of the bonus and can be withdrawn after the lock-up period has ended.

your deposit is NOT locked up and you can withdraw anytime.

you will get interest on your crypto up to 37% APY (USDT is 8%), in addition, you can add BTC/ETH/USDT into their liquidity pool and earn up to 241% API on your crypto.

Referral Links

Referral: random (11)

US$10 bonus for referrer and US$30 referee with US$50 Deposit.

Financial Cryptocurrency

15 Feb 2021 9:34am

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Bake (Formerly Cake DeFi)

closed Comments

lnq on 03/01/2021 - 14:51

how defi works ?
- Sarinella on 03/01/2021 - 14:57
  
  full information here: https://www.cakedefi.com/
  it's basically keeping your crypto there and mining interest on it. but there is much more to it when you read through it.
  - [Deactivated] on 05/01/2021 - 18:21
    
    So Bitconnect?
lieh on 03/01/2021 - 15:05

Name and colour are quite strange and there is no About us in the website. Only the company address in SG.
whooah1979 on 03/01/2021 - 15:21

+3

This website is called CakeDefi, but there isn't anything decentralised about them.

I wouldn't touch this with a ten-foot satoshi.
BuyLowLetsGo on 03/01/2021 - 18:44

+2

hahahhaahah when DeFi starts popping up on Ozbargain, you know things are getting bubble-icious!

With some of those APYs (e.g. 8% stablecoins), you're better off using something like Celcius or Blockfi.
- Sarinella on 03/01/2021 - 22:49
  
  I already have Celsius and Blockfi, but there is no harm in getting free money and give DeFi a chance.
  - blackwalnut on 04/01/2021 - 13:22
    
    what process did you use to buy Celsius?
    - Sarinella on 04/01/2021 - 13:29
      
      UNISWAP
      - blackwalnut on 04/01/2021 - 13:34
        
        @Sarinella: do you have to use something like Metamask or similar to firstly buy either BTC or ETH?
        
        whooah1979 on 04/01/2021 - 13:37
        
        @blackwalnut: BTC have to be wrapped before it can be used with Metamask.
        
        blackwalnut on 04/01/2021 - 14:25
        
        @whooah1979: what does that mean? I am trying to follow Celsius instructions on how to buy the token, its proving very confusing.
        
        tajid on 04/01/2021 - 15:31
        
        @blackwalnut: I've just been buying BUSD from Binance
        
        Then transfer to FTX and buy CEL
        
        Transfer to CEL.
        
        angelique008 on 08/01/2021 - 03:17
        
        @tajid: Hi :) What is the transfer fee from Binance to FTX? And transfer fee from FTX to Celsius?
        
        tajid on 08/01/2021 - 06:55
        
        @angelique008: Busd from binance only cost me 0.042busd.
        
        Ftx has no withdrawal fee.
        
        Sarinella on 04/01/2021 - 14:33
        
        @blackwalnut: https://www.youtube.com/watch?v=qtTB5W9RWbI&t=415s
        here is the step by step video on how to buy Cel. it's in official Celsius.Network website: https://celsius.network/videos/
choofa on 05/01/2021 - 14:46

I guess they wanted to call it DefiCake but that just seemed wrong
I'm not keen to do the full KYC and risk my identity for maybe getting $30 in 6 months
Thanks though ;)
- devilbabies on 25/01/2021 - 11:15
  
  +1
  
  its $US30 btw …
  
  my account is worth over $70 already .. deposited 25 cents of my own money
  - choofa on 25/01/2021 - 12:03
    
    LOL. Yeah I ended up signing up
    FOMO…
jwsc on 06/01/2021 - 09:26

Is the $10 referral gone? Why is it $20 now?
- Sarinella on 06/01/2021 - 10:17
  
  I still can see the extra 10$
  - angelique008 on 07/01/2021 - 02:03
    
    Thanks for posting. Just wondering how long does Id take to verify. Done it yesterday and still nothing.
    - Sarinella on 07/01/2021 - 06:39
      
      Mine took a day
blackwalnut on 28/01/2021 - 16:13

anyone have experience with liquity pooling? looks too good to be true
- Sarinella on 28/01/2021 - 16:24
  
  be careful with it as you might loose your money. Do your research, both coins in the poll need to go up or down in price together otherwise you will need to increase your token in the pool
  - blackwalnut on 28/01/2021 - 16:52
    
    Sounds scary . Any good places to learn?
    - Sarinella on 28/01/2021 - 19:42
      
      I found this site with valuable information on Crypto in general:
      https://blockgeeks.com/guides/?tagfilter=true&filter=crypto-…
      - blackwalnut on 29/01/2021 - 13:01
        
        @Sarinella: thanks a lot.
        
        Sarinella on 29/01/2021 - 14:40
        
        @blackwalnut: Happy to help
XJX on 13/02/2021 - 18:01

+1

It's saying you need to deposit $50 to get the $20 now
- Sarinella on 13/02/2021 - 18:11
  
  yes, changed now, however if you deposit Dai, you can withdraw straight away with low withdrawal fee

This was posted 3 years 10 months 22 days ago, and might be an out-dated deal.

$20 in DFI from CakeDefi (Small Deposit Required, Can Be as Low as $1)

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