Maximize Your Crypto Rewards with Decentralized USD (DUSD)

If you’re looking for new opportunities to generate passive income at a highly competitive yield percentage, you’re in luck!

Introducing Decentralized USD (DUSD) - a decentralized asset (or dToken) that is minted on the DeFiChain blockchain and which is also available for Cake DeFi users to use to increase their crypto portfolio using our diverse service range.

Read on to get started with earning DUSD and using it to generate sustainable wealth through our platform.

How to earn DUSD?

The best way to earn DUSD is by using YieldVault. It's an easy-to-use, secure and transparent tool that beginners or intermediate users can leverage to maximize their crypto rewards.

If you haven’t used YieldVault before and want to know more, click here. For information on how DUSD rewards are generated at a highly competitive yield percentage, click here.

How to use YieldVault?

1. YieldVault is only available on the Cake DeFi mobile app. If you want to use YieldVault but haven’t downloaded the mobile app yet, click here.

2. Once you’re logged in the mobile app, go to the main page and select YieldVault

3. Select your preferred cryptocurrency (Bitcoin, DeFi, Ether, Tether USD Coin or Euro Coin) and click on “ALLOCATE”.

4. To generate rewards at an even more competitive rate, make sure that you choose DUSD as your payout.

5. Rewards are generated every 12 hours and are automatically available on your Cake DeFi wallet.

What can you do with your DUSD rewards?

Allocate them into our Liquidity Mining service

Further increase your passive income as you generate rewards on two types of cryptocurrencies by allocating your DUSD into our Liquidity Mining service. To do so, simply follow the steps below:

1. Click here to go to our Liquidity Mining service page

2. Select a pair for your DUSD under “Decentralized Assets”. Once selected, click “ADD LIQUIDITY”

3. Rewards are generated every 12 hours and are automatically available on your Cake DeFi wallet.

Swap them for DeFiChain (DFI)

Swapping your DUSD for DFI allows you to use other Cake DeFi services such as our Staking service and generate rewards in DFI. To do so, simply follow these steps.

1. Go to your Cake DeFi wallet and select DUSD.

2. Select “SWAP”.

3. Select DUSD under the “From” drop down list and DFI under the “To” drop down list.

4. Once you receive your DFI on your Cake DeFi wallet, click here to go to our Staking service page.

5. Select DFI and click “STAKE” to generate staking rewards on your DFI. Rewards are generated every 12 hours and are automatically available on your Cake DeFi wallet.

6. You can also withdraw your DFI and trade / sell them through crypto exchanges such as KuCoin.

Swap them for other decentralized assets

To swap your DUSD for other decentralized assets, simply follow these steps:

1. Go to your Cake DeFi wallet and select DUSD.

2. Select “SWAP”.

3. Select DUSD under the “From” drop down list and your preferred decentralized asset under the “To” drop down list.

4. This option is also available to users of the DeFiChain light wallet.

For more information on how you can maximize your gains by opting to receive rewards in DUSD, check out the video below.

Do you want to boost your DUSD rewards?

Join our new membership plan, cakeELITE, and boost the DUSD rewards that you generate from our YieldVault and Liquidity Mining service (as well as the DFI that you generate from our Staking service) for up to 2.5X.

To join, cakeELITE click here. For more information on cakeELITE, click here.

And that’s it! If you want to earn DUSD and generate passive income at a highly competitive yield, but haven’t signed up for a Cake DeFi account yet, click here.

DISCLAIMER: Please note that the information on this blog and in any articles posted on this blog is for general information only and should not be relied upon as financial advice. Cake Pte. Ltd., Cake DeFi, UAB, and its affiliates (the “Cake Group”) are not licensed financial advisers. You may wish to approach your own independent financial advisor before making any decision to buy, sell or hold any product and/or digital assets mentioned in this blog.

Any views, opinions, references, assertions of fact and/or other statements are not necessarily the views held by the Cake Group. The Cake Group disclaims any liability whatsoever that may arise out of or in connection with such statements. Always do your own research before investing in any financial assets and consult a qualified financial advisor if necessary.