Bake (formerly Cake DeFi) Referral Code: 675992
The most transparent way to put your cryptocurrencies to work
Sign up with Bake via the referral link or referral code: 675992.
Note: current Bake referral campaign only benefits the referrer, but if you sign up and perform a recurring buy, you will be eligible for the lucky draw at the ‘Hot Summer Giveaway’ campaign. Over $200,000 worth of prizes will be given out and the top prize is a Tesla Model S car!
Table of Contents
Control your financial destiny
Bake (renamed from Cake DeFi in June 2023) is one of the world’s fastest growing fintech platforms that enables users to earn and generate rewards and returns on their cryptocurrency holdings.
Learn how it actually works?
Can I trust Bake?
Bake is operated and registered in Singapore and is fully compliant with all regulatory requirements of the Monetary Authority of Singapore (MAS).
Who is eligible to open an account with Bake?
Check out the list of countries excluded from using Bake’s services.
Stay connected with Bake
Keep up to date with all of the latest Bake news on:
- YieldVault: generate yields on your crypto at a competitive rate.
- Liquidity mining: deposit your favorite coins into shared liquidity mining pools and mine popular coin pairs for high rewards and minimal fuss.
- Staking: join fully transparent node pools to earn staking yields, without the complexity of running nodes yourself.
- Borrow: borrow against your crypto assets at competitive rates
What is DFI token and DeFiChain?
DeFi chain is a community project. There was/is no Initial Coin Offering, only free airdrops.
YouTube video from July 2020 explaining the DeFiChain DFI Token in detail:
Check out the latest price of DFI token on Coingecko. On 25 July 2021, A DFI token is trading at around US$2.10.
The current circulating supply (with staking and liquidity mining) is available at DeFiChain Explorer.
What can I do with the DFI tokens I earn? How can I convert my DFI to BTC, other Crypto or Fiat?
Since Bake is not an exchange, they do not offer the conversion from DFI to BTC or other cryptocurrencies or fiat.
If you wish to convert/exchange your DFI, you have to withdraw your DFI to an exchange that lists DFI.
A full list of exchanges with supporting trading pairs of DFI can be seen here.
Personally, I use KuCoin to withdraw DFI.
As of 6 Aug 2021, Bake charges a fixed withdrawal fee for DeFiChain at 0.2 DFI.
Please note that Bake constantly adjusts fees in accordance with current market conditions, and you can view the withdrawal fee in your dashboard before making a withdrawal request.
Do note that some of the withdrawal fees are pretty pricey.