Cake DeFi launches hybrid product for conservative crypto investors | AsiaTechDaily

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Cake DeFi, the lead­ing and fastest-grow­ing Sin­ga­pore-based fin­tech firm, pro­vid­ing easy access to Decen­tral­ized Finance (DeFi), has launched its lat­est prod­uct – EARN – allow­ing users to gen­er­ate returns via a sin­gle-sided liq­uid­i­ty min­ing ser­vice while pro­tect­ing users against mar­ket volatility.

Cake DeFi’s EARN is a ful­ly trans­par­ent prod­uct that will allow users to gen­er­ate com­pet­i­tive returns while being pro­tect­ed against mar­ket volatil­i­ty and imper­ma­nent loss. Users can allo­cate either Bit­coin (BTC) or DeFiChain (DFI) to receive rewards in the native coin every 24 hours, at approx­i­mate­ly 10 per cent annu­al per­cent­age yield (APY).

Returns in EARN will also be auto­com­pound­ed to gen­er­ate even greater yields.

“Our lat­est prod­uct EARN was launched to address today’s mar­ket needs. With the cryp­to win­ter set­tling in, investors have become increas­ing­ly risk-averse, espe­cial­ly since many Cen­tral­ized Finance (CeFi) plat­forms have become insol­vent or are fac­ing liq­uid­i­ty issues. As a Cen­tral­ized Decen­tral­ized Finance (CeDe­Fi) plat­form, our busi­ness is to pro­vide our users with good yields on their cryp­to invest­ments with com­plete trans­paren­cy,” said Dr. Julian Hosp, Co-Founder and CEO of Cake DeFi.

Dig­i­tal assets today are fast becom­ing main­stream for the wider invest­ment com­mu­ni­ty and any diver­si­fied invest­ment port­fo­lio, with a good rule of thumb to lim­it cryp­tocur­ren­cy to between 5% and 10% of your over­all portfolio.

How­ev­er, with the cryp­to win­ter that result­ed in a $2 tril­lion loss in val­ue since the peak in 2021 as well as the impend­ing high infla­tion, expe­ri­enced and novice investors alike are start­ing to take a more con­ser­v­a­tive approach even as they diver­si­fy their invest­ment port­fo­lios into dig­i­tal assets.

The launch comes a week after Cake DeFi has announced the launch of its glob­al R&D hub, Birth­day Research, to focus on devel­op­ing best-in-class blockchain and dig­i­tal asset tech­nolo­gies through open-source blockchain research and development.

Cake DeFi has com­mit­ted to invest­ing $50 mil­lion in R&D over the next four years to devel­op new prod­ucts and inno­va­tions for fin­tech and finan­cial insti­tu­tions with­in the dig­i­tal asset ecosystem.

Cur­rent­ly, the com­pa­ny has over 50 R&D staff with­in its prod­uct and engi­neer­ing teams. Cake DeFi plans to dou­ble this fig­ure while con­sol­i­dat­ing its R&D oper­a­tions in the city-state.

“The launch of our glob­al R&D hub, Birth­day Research, in Sin­ga­pore sup­ports the Sin­ga­pore Government’s direc­tion on dig­i­tal asset inno­va­tion. We are com­mit­ted to build­ing the B2B dig­i­tal asset infra­struc­ture and uplift­ing Singapore’s blockchain ecosys­tem to dri­ve inno­va­tions in fin­tech,” said Dr. Julian Hosp, Co-Founder and CEO of Cake DeFi.

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