Smart Contracts 🔥 The SECRET to achieving FIRE with Cake DeFi

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1.1 هزار بار بازدید - پارسال - Smart Contracts | Liquidity Pool
Smart Contracts | Liquidity Pool | Cake Defi

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Welcome to our Smart Contracts Video!

What Is Cake DeFi?
Cake DeFi is a Singapore-based fintech company founded by their CEO, Dr. Julian Hosp, and our CTO, U-Zyn Chua in 2019, to provide an easy-to-use platform that aggregats various DeFi applications and services. It is accessible to crypto investors around the world, enabling them to generate passive income from their crypto assets in a secure and easy-to-use manner.

What is the purpose of building such a platform? The main reason stems back from a personal dilemma experienced by one of the founders, Julian, back in 2019. Then, he had to solve an age-old problem of making money without selling his cryptocurrencies, which ultimately led to the creation of Cake DeFi: a one-stop shop for cryptocurrency investors to generate returns while still owning their cryptos and enabling them to make informed investment decisions based on their risk tolerance and AI algorithms.

What Services Do they Offer?
Currently, the services that we offer are Lending, Staking, Liquidity Mining, Borrow and EARN. These services can easily be viewed or accessed by simply clicking on the “All Products” menu button on top of the home screen (if you’re using your browser) or “Bake” (if you’re using the Cake DeFI mobile app).

How can you determine which service is right for you? There are a number of factors to consider, including the type of crypto assets you own, the amount of funds you're willing to invest, and your risk tolerance.

It makes sense for you to use their Lending service if you consider yourself a beginner and/or have low risk tolerance.

What is Lending?

It is exactly what the term implies: you lend an asset with the understanding that it will be returned with interest. And what assets can you lend using our service? You may lend Bitcoin (BTC), Ether (ETH), USD Coin (USDC) or Tether (USDT).

How do you use their Lending service?

If you’re using a browser, simply go to the lending section of our website, click the “ENTER” button displayed on your preferred crypto and key in your preferred amount. If you’re using the Cake DeFi mobile app, simply go to “Bake” and follow the same instructions.

What is Staking?  

True to its literal meaning, staking is the act of committing your cryptocurrencies to support a blockchain network by contributing to its security and efficiency.

So, how do you use their Staking service?

First of all, it should be noted that this service is most suited for intermediate level crypto investors. Also, you may only use our Staking service if you have ETH, DASH or DFI - the native cryptocurrency of the DeFiChain blockchain.

With that, you may participate in staking through our service by simply going to the staking section of our page (if you’re using a browser) and clicking on the “STAKE” button at the bottom of your preferred cryptocurrency.

If you’re using the Cake DeFi mobile app, simply go to “Bake” and take the same steps.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Smart Contracts video. Make sure to leave a like on the video if you gained value from it!

#CakeDefi #SmartContracts #Crypto #nftcommunity #nftcollectors #nftmint #racinggame #nftdrop #cryptogame #game
#games #nextbigthing

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⏰Timestamps⏰

00:00 Cake Defi Project introduction
00:15 Cake Defi Project
05:30 Cake Defi Project Summary
05:45 Cake Defi Project Outro
پارسال در تاریخ 1401/12/04 منتشر شده است.
1,162 بـار بازدید شده
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