CakeDeFi: Providing predictable passive income, twice a day
April 01 2022 - 3:25AM
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The cryptocurrency industry can provide bountiful rewards for those
who like an active approach to portfolio management. However, that
also applies to passive cash flow, with the help of the right
provider. Unlocking predictable passive income twice a day is
accessible through CakeDeFi, which provides users with solid
returns. Passive Income with Crypto isn’t Difficult As the
decentralized finance ecosystem continues to grow, people have
wondered how they can put their crypto assets to work. Many seem to
make good money in this ecosystem and have their earnings cover
basic expenses, including food, drinks, groceries, etc. However,
even more people are puzzled about how any of this is possible and
what they must do to achieve such a passive income stream. The
cryptocurrency industry has a reputation for requiring hands-on
asset management. For the most part, that is true when it comes to
trading and rebalancing one’s portfolio. However, much has changed
since DeFi gained traction, as most popular assets can help users
earn a solid passive income these days. It is not necessary to
invest in dozens of currencies to achieve high rewards. Even for
those who have never owned any cryptocurrency, unlocking
predictable passive income is within reach. On CakeDeFi, users are
guided through the steps of acquiring the supported
currency/currencies and putting it to work through the various
services to generate passive income. It is an accessible and
educational approach capable of bringing in a large mainstream
audience. The big question in many people’s minds is figuring out
how often they will get paid. A savings account offers interest
once a year, and even then, it often disappoints. In DeFi, and
through CakeDeFi, users can access rewards twice per day. Balances
will update every 12 hours, and rewards accrue in real-time without
delays. A Straightforward Journey with CakeDeFi The CakeDeFi offers
the most accessible and profitable DeFi features on its platform.
Users can opt to stake their crypto, use it for lending, or provide
liquidity to the various pools. Each option has a different return
and profitability level. Staking and lending are the least risky
options with low volatility for those who are relatively
risk-averse. Lending has a return of up to 7% per year, whereas
staking can yield up to 34.3% per year. For lending, one can use
Bitcoin, Ethereum, USDT, and USDC. Staking is currently only
supported for DFI – the native asset of DeFiChain – and Dash. Users
can acquire all of these assets through the CakeDeFi platform and
convert freely between them. Liquidity mining is a potent option
for those with a bigger risk appetite. However, it requires
supplying two currencies in the pool to begin earning rewards. The
interest rate can be as high as 97.85% per annum and is supported
by over two dozen currencies. Once liquidity is locked in, users
can maintain a passive approach and see their earnings add up every
12 hours. Making all of these features accessible is essential to
ensure future DeFi growth. CakeDeFi makes lending, staking, and
liquidity easy for novice and advanced users to explore and benefit
from. Moreover, no technical expertise is needed to make the most
of these options. The platform provides ample guidance to help
users on their way to unlock predictable passive income twice a
day. Image: Pixabay
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