CAKEWALK: An Easy Guide to Understanding Cake DeFi & Our Services

Jun 2, 2022

If you’ve just visited our website and have questions like “What is Cake DeFi?”, “How do I use your services?”, “Is your platform safe?” and “What’s with the name?” – then this article is, most definitely, a must read for you.

So, let’s start with the most popular and commonly asked question of them all.

What Is Cake DeFi?

Cake DeFi is a Singapore-based fintech company founded by our 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.

To know how both founders ended up working together to develop Cake DeFi from the ground up, you may watch this video.

What Services Do We Offer?

Currently, the services that we offer are YieldVault, 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).

We also offer cakeELITE, an exclusive membership plan called which gives Cake DeFi users access to more is benefits and rewards, and is available on our web 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.

If you want to generate cash flow on your favorite crypto without putting in too much time and effort, YieldVault is the perfect service for you.

What is YieldVault?

YieldVault simplifies the process of earning negative interest rates on DeFiChain, making it easy for you to earn returns without a hassle.

One of the things that sets YieldVault apart from other competing yield generating products is that all transactions happen directly on the blockchain, so you can always verify what's happening with your investments. This level of transparency is crucial when it comes to investing, and we're committed to providing you with complete peace of mind.

How do you use our YieldVault service?

If you wish to use our YieldVault service, you must first download the Cake DeFi app. Once you’ve downloaded the app, simply go to “Bake” and choose “YieldVault” from the options and follow the same instructions.

For more information about our YieldVault service, you may click here or watch the explainer video below.

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 our 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, MATIC 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.

To know more about our Staking Service, you may click here.

What is Liquidity Mining?

Simply put, Liquidity Mining allows crypto investors to receive liquidity mining rewards by providing liquidity to a decentralized exchange. You always have to allocate a crypto pair into a liquidity mining pool – like BTC and DFI.

How do you use our Liquidity Mining service?

Although Liquidity Mining is most suited for advanced level crypto investors, almost anyone can participate by simply going to the Liquidity Mining section of our page (if you’re using a browser) and “ADD LIQUIDITY” in the Liquidity Mining pool of your choice.

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

For more information about our Liquidity Mining service, you may click here.

What is Borrow?

In finance, the term borrow simply means “to obtain or receive money on loan with the promise or understanding that it will be repaid”. Crypto investors who do not wish to sell their crypto assets but want to receive funds to support their lifestyle or generate cash flow by using them as collateral can use Cake DeFi’s “Borrow” service.

How do you use our Borrow service?

If you wish to use our Borrow service and receive DUSD as funds, you must first download the Cake DeFi app.  Once you’ve downloaded the app, simply go to “Bake” and choose “Borrow” from the options.

From there, you can start borrowing by pledging DFI as collateral or combine it with Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC) (as long as 50% of the collateral is DFI).

If you want to learn more about our Borrow service, you may click here.

What is EARN?

EARN is a revolutionary DeFi service that allows Cake DeFi users to generate cash flow from their BTC or DFI. It can also be described as a one-sided liquidity mining service that offers more stability and security.

How do you use EARN?

If you're familiar with liquidity mining, great - EARN works the same way, except that users are only required to allocate one type of crypto. So, how does it work? The processes involved are as follows:  

  • User allocates one type of crypto.
  • User’s crypto will be paired with another crypto (depending on the type and amount of crypto allocated) and then invested into a Liquidity Mining pool.
  • Rewards will be paid out every 24 hours, minus Cake DeFi’s fees and a fixed percentage of which will be contributed to the volatility protection pool. These rewards will be in the same type of cryptocurrency that the user allocates.

To start using EARN, simply download the latest version of the Cake DeFi app by clicking here. Once inside the app, simply select EARN from the list and start allocating BTC or DFI.

To know more about EARN, you may click here to read the article from our blog section.

What is cakeELITE?

An exclusive membership plan intended for serious crypto investors, cakeELITE gives access to unparalleled benefits and returns that are not available to regular Cake DeFi users.

What exactly are the benefits and rewards that cakeELITE offer?

With the launch of cakeELITE, Cake DeFi users have access to two different membership tiers with their own reward boosters.

For a smaller monthly cost of US$9.99, cakeELITE monthly offers users a 2X reward booster and a monthly reward cap of US$15. For those looking for more substantial returns, cakeELITE yearly is an annual membership plan costing US$1,000 that comes with a 2.5X reward booster and a monthly reward cap of US$100.

Over time, more benefits will be added into both tiers. So, stay tuned more updates.

How can I become a member of cakeELITE?

Anyone with a Cake DeFi account and who has completed account identity verification at a minimum KYC level 1 can apply for cakeELITE membership.

So, if you're already using Cake DeFi generate cash flow on your crypto, you may click here to become a cakeELITE member.

If you want to know more about cakeELITE, you may click here or watch the explainer video below.

Is Our Platform Safe?

Our short answer to this question is, “Yes!” Cake DeFi is one of the most secure – if not the most secure – DeFi platforms in the crypto space.

In fact, just a month ago, we successfully completed a security audit conducted by top IT security consultancy firm Cure53 – which, particularly, gave positive remarks on our UI, backend API, and underlying servers.

We are also very proud about the asset custody and segregation protocols that we have put in place to establish trust with our users by ensuring that they have full ownership of the crypto funds that they have allocated into our services.

If you want to know more about how we provide transparency and protect your assets, you may click here.

If you want to use our services and generate passive income from your cryptos, but are not yet a registered Cake DeFi user, you may click here to sign up and start generating passive income with us.

So, what are you waiting for? Sign up now and take control of your financial destiny!

Register for Cake DeFi directly here:


Control your financial destiny. Bake is the most transparent, safe and easy way to invest in DeFi and Web3.

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