Cake DeFi launches hybrid product for conservative crypto investors

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.