My first impression of the platform.
While trying to search for ways to stake my crypto assets, I somehow stumbled onto a website called Cake DeFi and saw crazy numbers like 112%, 115, and even 146% APY from some of their liquidity pool matchups. Could this be for real, or is it a total scam?
Bitcoin and many other cryptocurrencies have been on a roll the last few months, so naturally there is excitement around crypto. Old and new investors are itching to find a good point of entry. Looking at most undervalued cryptocurrencies might be a good option.
There are technically two types of staking in cryptocurrency. The first is staking on a proof of stake blockchain. This is where validator nodes lock up cryptocurrency to process transactions on the blockchain and earn transaction fees and block rewards as payment for this service.
The second type of cryptocurrency involves locking a coin or token on centralized or decentralized platforms and protocols. Rather than securing a proof of stake blockchain, this staked cryptocurrency earns rewards from lending, liquidity provision, or yield farming.
1️⃣ Top Crypto Staking Pick 1 — Polygon
Bitcoin and the entire crypto market are booming. Many investors are now speculating on a further rise in the cryptocurrency’s price. The big dilemma: It is practically impossible to find the “right” time to sell in order to actually realize one’s profits.
Cake DeFi solves this problem with three product categories that allow you to achieve high returns in a safe and simple way — without having to sell at all.
The markets fluctuate extremely, it requires hours of work only to find out how one can store his Bitcoin & other cryptocurrencies securely and the apparently only possibility of gaining yields is luck-based market timing with buying and selling.
Cake DeFi is the simple, uncomplicated, and especially the most profitable way to invest in cryptocurrencies — because:
Private… what? Managing plus storing your cryptocurrencies well yourself can be quite complex — especially if you don’t want to spend dozens of hours and thousands of dollars on a security system.
Fortunately, with Cake DeFi, you no longer have to do that…
Cake DeFi is one of the leading platforms when it comes to investing in and earning interest on cryptocurrencies like Bitcoin.
However, what many people don’t know is that investing with Cake DeFi is not only incredibly easy and profitable, but also unbeatably secure at the same time!
Here are some reasons why Cake DeFi is a platform you can trust without any worries:
Diversification via alternative assets is among the best ways to help protect your portfolio. Nothing ever grows and grows forever. There are always peaks and valleys, and the timing varies depending on the commodity.
If you’re starting to think about retirement and your IRA (and you should be, no matter what age you are,) then this fact has probably crossed your mind. For those that have primarily invested in stocks and bonds, it leads them to ponder the dreaded worst-case scenario: “What if the markets tank when I’m about to retire?”
We saw the effects in the crash of 2008…
Investing should never be limited to the buying and selling of stocks, bonds, mutual funds and exchange-traded funds, or ETFs. To achieve genuine diversification, investors cannot ignore the fast-rising alternative investment sector.
Investors in alternatives deploy trillions of dollars globally, and in the decade ahead, alternatives are poised to take center stage in capital markets thanks to their appeal to sovereign and public pension funds. After analyzing global trends impacting the industry, I believe these five alternative investments are likely to perform particularly well in the coming years amid growing recession talk and high geopolitical tensions. …
You may have heard of the “60/40” rule for retirement accounts. In the past, conservative brokers have traditionally recommended putting 60% of your assets in stocks and 40% in bonds.
Bond yields have seen an alarming plunge and stocks are still near all-time highs, even with dips caused by the coronavirus panic. Volatility levels have been rising and are showing no signs of slowing down as the world braces for an inevitable recession. Not exactly the time to have all your money in stocks and bonds, right?