Cake DeFi, a leading decentralized finance (DeFi) platform, is carrying out its biggest promotion for its existing and new customers. The promotion is known as Cake DeFi 11.11 started on November 11th and it will run until November 25 this year.
Cake DeFi growth
Cake DeFi is a leading blockchain platform that enables customers from around the world to earn returns from their cryptocurrencies. The network has more than 290k users and more than $700 million staked in the platform. It achieves this through its diverse collaborations with leading companies like BitGo, Genesis, and Banxa.
Through its platform, users can earn returns by just holding cryptocurrencies like Bitcoin and Ethereum. They can also make returns by holding stablecoins like Tether and USD Coin. The company’s other products are lending, liquidity mining, and staking.
Cake DeFi 11.11 promotion
In a recent announcement, Cake DeFi announced that it will carry out its biggest promotion ever. To be eligible, one need to be a new user to the platform. Alternatively, they need to be an existing customer who has not completed the KYC process. New customers who will deposit at least $1,000 will earn an 11% deposit bonus.
In addition, existing customers who refer customers to the company are also earning a return. For each customer who deposits $1,000, they will earn a return of at least $111 in crypto. In a note, U-Zyn Chua, the CTO and co-founder of Cake DeFi said:
“These days, consumers are bombarded with unprecedented levels of online sales noise, particularly from e-commerce brands, and this is especially so during international sales festivals like Double 11 on 11.11. We want to ensure that we can also provide great value to our existing and new customers during this period, by helping them generate real returns from their crypto assets.”
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