Cake DeFi launches EARN: 10% APY with Volatility Protection feature

Cake DeFi has launched a brand new hybrid funding product that enables customers to take pleasure in aggressive returns on their crypto property through a single-sided liquidity mining service offering day by day rewards whereas defending customers in opposition to market volatility.

Going by the title of EARN, the brand new CeDeFi product permits customers to allocate both Bitcoin (BTC) or DeFiChain (DFI) to obtain rewards within the native coin each 24 hours, at roughly 10 per cent annual proportion yield (APY). Returns in EARN may even be autocompounded to generate even higher yields.

The providing features a Volatility Safety characteristic that addresses considerations about market volatility and its affect on person funds. The characteristic is designed to guard customers in opposition to impermanent loss, masking potential losses ought to crypto costs fluctuate drastically.

Traders have change into more and more risk-averse since crypto winter

By combining the excessive yields of Liquidity Mining with the volatility safety characteristic, EARN goals to face out from the gang as a method of producing money stream from allocating present crypto property with claims of no counterparty dangers and safety in opposition to impermanent loss.

Julian Hosp, Co-Founder and CEO of Cake DeFi, commented: “Our newest product EARN was launched to handle at present’s market wants. With the crypto winter settling in, traders have change into more and more risk-averse, particularly since many Centralized Finance (CeFi) platforms have change into bancrupt or are going through liquidity points. As a Centralized Decentralized Finance (CeDeFi) platform, our enterprise is to supply our customers with good yields on their crypto investments with full transparency.

“You possibly can all the time belief Cake DeFi as a result of you’ll be able to all the time confirm. EARN will permit customers to get unbeatable returns on Bitcoin which they will monitor transparently on the blockchain. The Volatility Safety characteristic may even shield them in opposition to impermanent loss, particularly in such occasions of market volatility.”

The broader funding neighborhood has more and more discovered a great rule of thumb to be limiting cryptocurrency to between 5% and 10% of the general portfolio.

The crypto winter, nevertheless, noticed $2 trillion being worn out for the reason that peak in 2021. Along with impending excessive inflation, skilled and novice traders alike are beginning to take a extra conservative strategy to crypto.

Cake DeFi’s Earn goals to handle the brand new threat(-off) strategy with a product that provides appreciable yield. The Singapore-based fintech centered on decentralized finance has reportedly crossed the 1 million buyer mark and has paid out a complete of US$375 million in buyer rewards thus far as of the tip of Q2 2022.