Cake DeFi Launches EARN, Promising High Returns and Low Risk

Summary:
• Cake DeFi has launched a new product, EARN, that promises high rewards and protection against volatility. We tell you what it brings.

Cake DeFi has introduced a new investment product called EARN. The product will let users earn competitive returns on their cryptocurrency holdings while cushioning them against volatility. Cake DeFi now enables users to earn competitive returns on Bitcoin. Furthermore, users can track the product’s performance transparently via the blockchain, thanks to EARN.

Further, EARN has a Volatility Protection function that safeguards accounts from impermanent loss, even during periods of extreme market volatility. The Volatility Protection function in EARN is meant to shield customers from impermanent loss by compensating them for any incurred losses in the event of a sharp drop in cryptocurrency prices. This is especially crucial now when users are split between joining the expanding crypto usage and protecting themselves from the risks of a long crypto winter that has led to bankruptcies.

Cake DeFi’s EARN and its place in a crypto bear market

EARN blends the minimal volatility in crypto lending with the high returns in Liquidity Mining. Therefore, investors get the best of both worlds. It’s an innovative approach to profiting from the allocation of preexisting crypto assets. This is because it eliminates counterparty risk and safeguards against impermanent loss. Also, users will be able to see exactly where their money is going because the allocation takes place on the DeFiChain ledger in real-time.

EARN is a decentralized, blockchain-based, single-sided liquidity mining service with daily payouts and full public verification. In exchange for allocating either Bitcoin (BTC) or DeFiChain (DFI), users will earn incentives in the native coin once every day at 10% APY. With auto-compounded returns, EARN can produce even higher returns.

In recent months, Cake DeFi has amassed over 1 million customers. Also, despite the gloomy market forecast, the company has paid out a total of US$375 million in customer awards as of the end of Q2 2022. Cake DeFi’s top priorities right now are expanding its client base and broadening access to financial services. Ultimately, it hopes that this will make DeFi appealing to both individuals and enterprises.