Cake Service Simply Explained

May 10, 2021

Cake's focus is on a really simple user experience, apart from the high returns. Constantly adding more features, with the vision to eventually realize a true one-stop platform where you can manage all your assets.

This article will help you get to know our products in a simple way and how you can easily profit from them.

1. Buy Bitcoin or Ethereum directly with Euro / Dollar

2. Lapis Services

3. Staking Services

4. Liquidity Mining

5. More resources

1. Buy Bitcoin or Ethereum directly with Euro / Dollar

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Cake has started offering BTC and ETH purchases. All purchases are handled by our trusted partner BANXA and the cryptocurrencies are automatically credited to the account with you on Cake.

This means that you can now easily buy Bitcoin or Ethereum with SEPA or credit card. You can do this easily as follows:

Log in to Cake

Click on "Buy Bitcoin" in the menu at the top.

After you click on the "Buy" button, you will be redirected to our partner.

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Here, everything happens in individual steps with precise and simple instructions to buy cryptocurrencies. After the purchase, your Bitcoins or Ethereum will be automatically deposited into your Cake Wallet.

You will find your cryptocurrency here afterwards:

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Now you officially have Bitcoins or Ethereum on your wallet! After this step, our Lapis service comes into play, where you can easily get returns without any effort.

In-depth information:

2. Lapis Service

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Lapis service allows cash flow on your Bitcoins, Ether and Tether. Your capital and returns are fully guaranteed and risk-free, with possible bonuses. (Bonuses = additional returns to the guaranteed returns).

  • Every week we offer BTC / ETH / USDT Lapis
  • Each BTC / ETH / USDT Lapis batch runs for 28 days, starting and ending on Friday.
  • The base return of BTC / ETH / USDT Lapis is guaranteed (see below). There may be potential bonus returns if the spot price of BTC / ETH gets within a certain price range.
  • The expected APY (annual percentage yield) may vary from batch to batch. We display the expected APY on our website before you join a batch.
  • You can participate with any BTC / ETH / USDT amount of your choice.
  • Once you choose to participate, your BTC / ETH / USDT will be locked into option contracts for the entire next 4 weeks.
  • After the 4-week period of the batch, you will have the option to automatically enter the next batch for automatic compound interest, or withdraw only your return or your entire principal + your return to your account.
  • Lapis does not charge any fees to users. Cake receives commissions directly from affiliates.

Here's simply the sequence of how you can invest in a batch:

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4. Now you can just enter your desired contribution, and you are in.

You can now put your Bitcoins to work for you. You will get your guaranteed returns credited directly to your account every 4 weeks. The normal settings are directly set so that your contribution as well as the returns go directly into the next batch. So you don't have to do anything at all, you can sit back, benefit from the tremendous power of compound interest and enjoy your piece of cake while your Bitcoins work for you.

In addition to Bitcoin, Ethereum and Tether Lapis, we also offer Staking services for other cryptocurrencies.

In-depth information:

3. Staking Services

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There are various forms of consensus building and thus consensus processes. In addition to Proof of Work (PoW), there is also Proof of Stake (PoS) - these are the two most well-known and important ways to reach consensus in a decentralized blockchain network. When using Proof of Stake, this means putting coins or tokens into so-called "nodes" to verify transactions for cryptocurrencies with Proof of Stake consensus mechanisms. Stakers receive staking rewards for providing this service. The rewards or rewards vary from coin to coin in this regard.

The currently supported coins with us are:

  • Dash (DASH)
  • DeFiChain (DFI)
  • More Coins will follow

To do this, there are two different ways to join in on the staking:

You exchange your freshly purchased Bitcoins or Ethereum and your desired coin

You send your desired coin directly to Cake

  • Exchange Bitcoin for a Staking Coin
  • Click on "balance" in the top right corner of your profile.
  • Click at your desired coin on “STAKE”
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  • Select Bitcoin
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2. Send Staking Coin to Cake

  1. Click on "Credit" in the upper right corner of your profile.
  2. Click at your desired coin on "DEPOSIT“
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3. You can now send your coin to this address. (Important: Send ONLY this coin to this address, no other one!)

Important: With Staking you have no minimum term. You can participate at any time or take your Coins out of the Staking. Your rewards will be credited directly several times a day, depending on the coin. Your default settings are the same as with Lapis, that they automatically remain in the Staking.

In-depth information:

4. Liquidity Mining

With Liqudity Mining you represent liquidity for members who would like to make an exchange of cryptocurrencies. Liquidity mining cannot be explained in a few sentences like the other products. Therefore, you will find a simpler explanation here: Liquidity Mining simply explained <

You can join Liquidity Mining in just a few steps.

1) Log in at https://pool.cakedefi.com/#/

2) Click on "Liquidity Mining" at the top of the menu:

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3) Now you have the different markets available to participate in Liquidity Mining:

BTC - DFI
ETH - DFI
USDT - DFI

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4) After you have chosen a market, you can simply click on "ADD LIQUIDITY".

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5) Now you can enter your desired amount. For the counter pair, the amount is automatically adjusted so that they are in proportion.

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Once you have chosen your amount, you can click on the button: "Deposit".

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A security warning pops out afterwards. Please read it carefully and do not click on the confirmation until you have fully understood it.

For more information about the risks click here.

For the expected returns on Liquidity Mining click here.

5. Resources

Questions: Support@cakedefi.com

FAQ: https://cake.zendesk.com/hc/en-us

Official Website: www.cakedefi.com

Facebook: https://www.facebook.com/cakedefi

YouTube: https://www.youtube.com/cakedefi

Telegram: https://t.me/CakeDeFi_EN

Medium/Blog: https://blog.cakedefi.com

Twitter: www.twitter.com/cakedefi

Reddit: https://reddit.com/r/cakedefi

LinkedIn: https://www.linkedin.com/company/cakedefi

Your Opportunity to Make 30% Returns

In the current market situation with near to zero interest rates, many people are asking themselves how is it possible to get 30% guaranteed return on your investment. In a special blogpost, we'll tell you everything you need to make happen for you. We just need your email address to reach out to you:

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Cake DeFi

The most transparent way to get cashflow from your cryptocurrencies. Pool masternode staking and Lapis services lets you earn cashflow with your cryptocurrencies.

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