Cake DeFi is a crypto yield platform founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua, designed to bring passive income to the mainstream through an intuitive user interface. The platform allows users to generate cash flow via pooled masternode staking and options lending, enabling even novice or time-constrained investors to start earning interest on their cryptocurrency with just a few clicks.
Core Offerings: Lapis Service and DFI Staking
The company's Lapis Service targets non-proof-of-stake assets such as Bitcoin (BTC) and Ethereum (ETH). Users lock their assets in weekly batches for four weeks and earn 8-9% annualized returns. Each batch's trades are hashed and publicly revealed after completion, including strike price, premium, and settlement price, ensuring full transparency.
Cake DeFi is also the first staking provider for DeFiChain (DFI), a fully decentralized blockchain built for high-speed DeFi transactions. Through Cake's DFI Pool, users earn 25% APR, with block rewards paid every 26 seconds.
Compliance and Transparency
Unlike many DeFi projects, Cake does not equate decentralization with a lack of oversight. It leverages blockchain transparency for its Pool and Lapis services, while operating as a Singapore-registered and licensed entity. The company is distributed across Europe and Asia, offering Mandarin and German localization.
Blending CeFi and DeFi
Beyond staking DASH, PIVX, Zcoin, and DFI, Cake also supports Bitcoin and Ethereum options, creating a unique use case where CeFi meets DeFi. Users benefit from weekly statement reports, real-time compounding, and no minimum deposit limits. In Q3 2020, Cake plans to launch USD lending and other fiat integrations, further bridging the gap between centralized and decentralized finance.
Overall, Cake DeFi simplifies yield generation on crypto assets, combining the security of centralized finance with the high yields of decentralized staking and options, making it a true one-stop shop for passive income seekers.