This was posted 3 years 1 month 11 days ago, and might be an out-dated deal.

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Earn up to US$135 in DFI with Sign-up Referral, Depositing US$1000 and Completing Tasks @ Cake DeFi

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Cake Defi offers high rates of interest on crypto assets. It has been around for a few years, and they have a bunch of different earning options with silly dessert-themed names.

All dollars referred to below are in USD.

Normally with a referral you can get $20 in their DFI token for signing up and depositing $50, and an extra $5 for completing their simple learn and earn quiz (unlimited retries, very easy). For singles day (11.11), if you sign up today and deposit by the 21st, you can get up to an extra $110 (i.e. $135 total) for jumping through some hoops:

  1. Sign up through a referral link (use the Ozbargain referral random generator below), and complete KYC

  2. Deposit more than $50 in supported crypto assets, like USDT, to unlock $20. You’ll get 11% of the deposit back as a bonus, up to a $1000 deposit, so I recommend $1000

  3. Invest that deposit for more than 90 days in Staking, Lending, Liquidity Mining or Freezer for more than 90 days to get an extra 11% bonus in DFI. Each have different interest rates, so do your own research. The bonus DFI is locked in the Freezer for 180 days, and earns a high rate of interest during that time (currently 58%)

  4. Complete their Learn and Earn for an extra $5

It’s a bit of a mission, but a solid deal. My original $20 has turned into $100 already through appreciation, so hopefully the trend continues.

Referral Links

Referral: random (11)

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

This is part of Singles' Day Sales for 2021.

Related Stores

Bake (Formerly Cake DeFi)
Bake (Formerly Cake DeFi)

closed Comments

  • Clearly, the next Bitcoin.

    • If you’re so inclined, you can actually earn interest in Bitcoin on their platform.

      But agreed with your sarcasm, it’s unlikely to ever be more than a mid-cap coin. But off a low base, it has had healthy growth, and may as well profit off their marketing $ while they’re handing it out.

    • You mean bitcon right? 😂

    • +1

      This isn't actual Cake right? (As in Pancake Swap token). Looks like a crypto knockoff that mints tokens at a random rate (ie 60%), but has no use case and is really just a diluting Ponzi at 60%.

      .

      • "but has no use case and is really just a diluting Ponzi"

        i.e. Cryptocurrency?

        • Nothing really has value, unless someone else wants it, and anything with value is basically a Ponzi. Diamonds being a perfect example. For some reason someone thinks something less clear than glass and less shiny than Moinsanite (or whatever it's called) is worth heaps.. and people pay it. Massively abundant (a diamond encrusted tile blade will set you back the whole $5). Real value not much, retail value $$$.

          My point is you need to find the Ponzi scheme that people want and obviously get in early, and get out before the bag is drained. I don't think this meets that criteria.

  • -3

    Lame kyc. Need a valid passport

  • +3

    Careful, the DFI token has appreciated sweet f all while the rest of the market has been running, I regret locking it up for 6 months from a previous deal.

  • +1

    They have a $25 address creation fee for ETH and ERC20 token deposits and their withdrawal fees are also high:

    Cake DeFi charges a fixed withdrawal fee:

    Dash: 0.003 DASH
    DeFiChain: 0.2 DFI
    Bitcoin: 0.0005 BTC
    Ethereum: 0.002 ETH
    Tether: 90 USDT
    Litecoin: 0.01 LTC
    Dogecoin: 5 DOGE
    Bitcoin Cash: 0.001 BCH
    USDC: 90 USDC

    • 90 usdt and usdc for withdraw geez

    • Wow, that's insane. You can withdraw DFI for 0.2 DFI (less than a dollar aussie)

  • To help avoid wasting anyone's time.

    The only way they can KYC is with a valid passport 6 months from expiry.

    Which I am sure many haven't bothered to renew due to COVID

    Will not do a licence or anything like that. 🙄

    Creation fees are lame and withdrawal fees are excessive on some coins.

  • Stay away. Customer service are horrendously rude. The founder has questionable history. Withdrawal fees and swap fees are ridiculously high.

    Learn & Earn has been fully redeemed FYI.

    I am waiting for my last staking to end and will move all my assets away.

  • +1

    Cake Defi are a Decentralised Finance organisation

    This is NOT a decentralised finance platform. Cake Defi is a centralised platform that uses KYC and owns the private keys.

    https://support.cakedefi.com/hc/en-us/articles/900004310846-…

    OP or MOD please change the description from decentralised to centralised so that users don't get misled.

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