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A Brief Overview of Cryptofinance Platform: Cake DeFi

Talking Points

Cake DeFi, a cryptofinance platform located in Singapore, has now published its Q2 Transparency Report, detailing the firm’s achievements over the period. Cake DeFi has witnessed its greatest quarter ever in terms of user growth, funded accounts, and payments, despite Q2 2022 being one of the worst periods for the cryptocurrency industry and the whole investment sector.

Average weekly user growth in Q2: 3.25%

Cake DeFi distributed $58,000,000 in rewards to its customers in the second quarter, bringing the total distribution to US$375M since the company’s launch. Unlike its rivals, Cake has positive cash flow and is actively expanding its workforce. It has enough cash on hand to keep operating for at least four years, even if all sales suddenly stopped.

The Cake user interface is always being refined. The company saw significant growth after upgrading to an automated KYC system with 3-minute approval times and revamping the mobile app’s user interface.

The Cake DeFi Board, confident in the company’s robust financial position, has chosen to further diversify the company’s treasury by openly investing 15 million dUSD in decentralized assets such as dTSLA, dTLT, and a few others. It’s possible this has a lot of upward potential in light of the recent declines in market prices. As a result of Cake’s transparency, this process can be tracked by anybody.

About Cake DeFi

Cake DeFi is an open, cutting-edge, and regulated fintech platform that helps its users profit from their crypto and digital assets via a variety of decentralized financial services and apps. All conditions set out by the Monetary Authority of Singapore have been met, and it is both run and registered in Singapore.

In order to continue doing business in Singapore while the MAS reviews its application for a license to provide digital payment token services, it has been granted an exemption under the Payment Services (Exemption for Specified Period) Regulations 2019.

Cake is a reliable fintech platform that complies with FATF regulations. To ensure consumer privacy and security and to meet the criteria of the Travel Rule, the company has recently joined the Coinbase TRUST.

The Lithuanian Registrar of Legal Entities has issued Cake DeFi a cryptocurrency license. It gives the platform the green light to provide cryptocurrency trading services in Lithuania, as well as to create and manage cryptocurrency wallets. When the EU Markets in Crypto-assets (MiCA) Regulations go into effect, this will pave the way for Cake to be registered and authorized to deal in cryptocurrencies throughout all EEA member states. In 2024, when the MiCA framework is scheduled to take effect, crypto licenses that meet the framework’s requirements will be granted pass porting privileges.

The platform has a positive cash flow and a four-year runway. The Singaporean fintech firm maintains strict segregation of consumer funds from its own business funds, a practice known as “clear asset segregation.” This implies that users are in complete charge of their own financial resources. Cake DeFi only operates as an agent or intermediary for the services it offers, providing users with a “safe passage” or access to decentralized finance (DeFi) services; these services are all hosted on the DeFiChain blockchain and are freely available to everyone in the world with internet connection. In theory, consumers may conduct such transactions on the blockchain independently. Cake DeFi provides a consolidated hub from which users can access all of these features, backed by helpful community members and dedicated service staff. In contrast to other CeFi systems like Celsius, which have limited transparency and may be compared to a “black box,” this one is quite open and transparent. As a result, customers wouldn’t know for sure whether their money was being mixed up with operational money or where the returns were coming from.

Cake was launched in 2019, and it already has a million users all around the globe. During the year 2021, its user base increased by a factor of ten. Cake DeFi has distributed $375M in rewards to customers from its establishment until the second quarter of 2022. Cake manages assets of more than $1 billion for its clients.

For the purpose of funding and supporting new businesses in the Web3, eSports, gaming, and Fintech industries, Cake DeFi unveiled its $100 million venture capital arm, Cake DeFi Ventures, earlier this year.


Here, you can get a comprehensive rundown of the products.

Cake Liquidity Mining, Lending, and Staking are the three main offerings from DeFi. Freezer and the brand-new Borrow are the other two products. It provides users with a centralized hub through which they can quickly and easily have access to DeFi services including staking, lending, borrowing, and liquidity mining. Check out this page for a comprehensive look at the products.

Cake DeFi is available to users through a website as well as an Android and iOS mobile application. The same set of tools and capabilities may be accessed through any user interface.

Cake’s revenue is directly proportional to the success of its users; the more money its users make, the more commission Cake receives on their incentives. Users no longer have to wait weeks or months to earn incentives; they instead receive them twice daily.

All of the products are developed with beginner in mind. Therefore, even if you’re just starting started in DeFi, Cake DeFi is the ideal all-in-one platform for all your cryptocurrency investing requirements. To begin earning passive revenue with Cake, users may either bring their own cryptocurrency or use Cake’s built-in partner exchange to make trades.

Staking is a solution that lets users safeguard blockchains in exchange for tokens. DeFiChain’s native token (DFI) and DASH tokens may be staked in Cake’s completely transparent masternode pools for an annual percentage yield (APY) of up to 28.5%. The need for users to set up a masternode is removed, making crypto staking much more accessible.

By facilitating transactions between two token pairings on a decentralized exchange, or “mining,” you may earn yearly returns of up to 45.4%. Here, you will find a complete listing of all possible pair combinations resulting from Liquidity Mining.

Customers may borrow Decentralized USD (DUSD) created on the DeFiChain blockchain by depositing Bitcoin, Ethereum, Tether, USDC, or DFI. The only requirement is that at least half of the collateral be in the form of DFI token. Use the tokens you borrow to participate in staking, lending, and liquidity mining, all of which provide lucrative rewards. Since the borrowed DUSD may be used to buy goods or invest in things that create passive income, this alleviates the temptation to sell. You can have access to liquidity without selling your BTC, ETH, etc. In addition, CakeDeFi provides a free service to change borrowed DUSD into USDC and DFI.

Cake is a lending platform that offers interest rates of up to 6.5% APY on loans secured by Bitcoin, Ethereum, USDT, USDC, and other cryptocurrencies.

Freezer: For a maximum of 10 years, it freezes the allocated money for rewards that are worth twice as much. Supporters of the platform are rewarded, and users have an incentive to stick around in the CakeDeFi community.

Decentralized Assets

Under the “Decentralized Assets” section of Cake’s “Liquidity Mining” page, you’ll find liquidity mining pools. Since Cake permits the usage of decentralized assets for liquidity mining, you may increase your earnings potential while doing so. You may be wondering, But what exactly are these decentralized assets” Let me elaborate:

On the DeFiChain ledger, dTokens, also known as decentralized assets, are issued. These are digital tokens traded on the blockchain that are meant to function similarly to the values of actual equities. Trade decentralized tokens on Cake DeFi that partly reflect the values of Apple, Tesla, Intel, the S&P 500, and dozens of other widely held companies. Also, you may invest the dTokens in liquidity mining and get extra incentives.

Unlike “securities” issued by a corporation or other major organization, decentralized assets do not entitle their holders to ownership, voting rights, dividends, or any other privileges often accorded to investors.

dTokens employ oracles to gather feeds that monitor and reflect a variety of elements that are designed to closely mirror the stock price. Due to changes in supply and demand for dTokens, the price of dTokens may not consistently reflect the value of the underlying asset.

To answer your question, no, the dTokens are not produced out of thin air. To mint dTokens, you must first place Bitcoin, DeFicoin, Digital Dollars, Tether, or Tether Classic as collateral in the DeFiChain Vault. Almost all of them has a 150% overcollateralization rate.

The process of minting is not required to acquire decentralized assets. Liquidity mining on Cake DeFi is another way users may earn passive revenue, and dTokens can be purchased on the DeFiChain DEX in any quantity. Each dToken is divisible into smaller units and can be transferred directly to another user anywhere in the world without the need for a third party.

Price exposure to one’s preferred assets might be obtained by minting or purchasing the corresponding dTokens, allowing millions of users in regions where investing in US equities is restricted due to geography, trading regulations, or other factors to participate in the market. You may learn more about decentralized assets by checking out these links: 1, 2.

Cake allows users to use decentralized assets in a collaborative liquidity mining effort. In this approach, you may earn benefits from both the asset’s growing price and the mining of its liquidity. Cake offers a wide variety of liquidity options, including dTSLA-DUSD, dQQQ-DUSD, dGME-DUSD, and many more. Users may earn substantial liquidity mining rewards by depositing the decentralized asset pairings into the appropriate pools.


Dr. Julian Hosp

Cake DeFi’s CEO and co-founder is Dr. Julian Hosp. With over a million total followers across all of his platforms, Dr. Hosp is generally recognized as a key influencer in the cryptocurrency industry. Numerous papers and keynote speeches at prominent conferences have disseminated his views, expertise, and impact. He has published two books that have become bestsellers in their respective fields: “Cryptocurrencies Simply Explained” and “Blockchain 2.0 – Far More Than Just Bitcoin,” and is a frequent lecturer for the Washington Speaker’s Bureau and an adviser to the EU’s blockchain groups. His goal is to educate an additional billion people about blockchain technology by the year 2025. Many of his writings are compiled here: https://julianhosp.com/blog/

He has worked as a professional athlete and a doctor before venturing out on his own. He and his family now reside in Singapore.

U-Zyn Chua:

U-Zyn Chua is a blockchain consultant to the Singaporean government and the Director and CTO of the DeFiChain Foundation, as well as the Co-Founder of Cake DeFi and Chief Engineer of Zynesis. After the debut of the Sand Dollar by the Central Bank of the Bahamas, one of the U-ventures, Zyn’s NZIA, garnered headlines throughout the world.

  • Worked in Bitcoin and the blockchain field since its inception in 2010, and haven’t looked back.
  • Traded Bitcoins over the IRC over-the-counter (2010)
  • Actively involved in Bitcoin mining (2011)
  • Established the first Asian Bitcoin trading platform (Dgtmkt) (2011)
  • Made contributions to the Bitcoin, Ethereum, and Dash technological ecosystem.
  • The first member of the Singapore Smart Nation Fellow, established by Singapore GovTech. Took part in developing a decentralized procurement system for smart buildings.
  • Extremely enthusiastic in creating decentralized systems.
  • Consultant to the government of Singapore on blockchain issues through his firm, Zynesis
  • Sand Dollar, the first-ever CBDC, was developed by his business, NZIA, specifically for use in The Bahamas.

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