When I first invested in DFI tokens few months ago, it cost only around $0.25.
I was attracted by the DFI staking reward at Cake Defi so I decided to give it a try.
The price of DFI had been rising steadily even when the price of Bitcoin and ETH went down.
It was amazing how the price of DFI continued to go up. It started out at about $0.16 in July 2020 and it had risen to more than a dollar recently.
Staking and liquid mining at Cake Defi became really profitable.
The staking reward is currently 37% APY at the time of this post.
There are currently 3 pairs of attractive liquid mining – BTC-DFI (251.36%), ETH-DFI (229.6%) and USDT-DFI(209.17%).
The liquid mining rewards do change almost daily. This is probably due to the different liquid supply daily to the pool. (All liquid mining just like uniswap do have the risk of impermanent loss due to price changes of tokens)
The staking reward is more stable in the reward but it is a slower way to earn.
Cake Defi has also introduce a new referral program where new sign up would get $20 worth of DFI after the first deposit.
By using a referral link, another $10 worth of DFI would be awarded to both referrer and referral.
I must admit that all staking and mining do have certain degree of risk regardless of the platform but it is a great way to earn a passive income.
One great security about mining and staking at Cake Defi is that Cake Defi is an officially registered company in Singapore that would observe all the strict regulations in Singapore.
I would not expect that Cake Defi would suddenly disappear like some other random mining platforms that do not even have a proper registration as a company.
Click Here To Find Out More About Cake Defi if you are interested in staking or mining DFI tokens to earn a passive income.