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The Official Cake DeFi Blog.

Transparency Report Q1 2021

Transparency Report Q1 2021

Referring to our last transparency report, we can proudly announce that we have reinforced our position as a “Teenager”, while already having one foot in the “Young Adult” category of the business cycle terminology. Over the course of the last three months we’ve been able to develop a professional team to manage and take responsibility and ownership for their respective business...

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Cake's processing of DeFiChain's DFIPs 7, 8, 9, & 10 + CFP 2, 3, 4, 5, 6 & 7

Cake's processing of DeFiChain's DFIPs 7, 8, 9, & 10 + CFP 2, 3, 4, 5, 6 & 7

The DeFiChain Foundation just announced four DFIPs (DeFi Improvement Proposals) as well as six Community Funding Proposals:DFIP 7 (DeFiChain Foundation Coin Burn)DFIP 8 (DFI Emission Rate)DFIP 9 (On-Chain Governance)DFIP 10 (NFT Support)CFP 2 (10k DFI for “DeFiChain Explained”)CFP 3 (8k DFi for “DeFi Portfolio”)CFP 4 (50k DFI for “Smart DeFi Wallet”)CFP 5 (5k DFI...

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Cake DeFi To Buy Out External Investors - Agree To Burn 400 Mil USD Worth Of DFI Coins

Cake DeFi To Buy Out External Investors - Agree To Burn 400 Mil USD Worth Of DFI Coins

TL.DR:Cake DeFi is now fully owned by its founders and employees.Approximately US$400m worth of DFI will be burnt by Cake DeFi.Close-to-Cake-related-persons now hold approximately 40 million DFI, which get unlocked at approximately 30,000 DFI per day over the course of 10 years.The two founders together have invested approx. US$4m of their personal funds into...

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