Cake DeFi intends to push the boundaries of Web3, gaming, and fintech development. The transparent and regulated global fintech platform is ready to take the next step in its evolution. Cake DeFi’s new venture arm and $100 million war chest will help startups achieve their maximum potential.
Cake DeFi Makes Decentralized Finance Accessible
The primary objective of the Cake DeFi team is to make decentralized finance products, services, and protocols more accessible. For example, it can be daunting for mainstream users to acquire crypto assets, let alone figure out which ones can be put to work in a DeFi environment. Cake DeFi simplifies and streamlines access to these solutions, ensuring much broader participation and equal access for everyone.
The approach by the Cake DeFi team has proven successful and worthwhile so far. The platform notes over half a million registered users. Moreover, the team issued $230 million in rewards to its users, which will increase to $400 million – or even more – in 2022. With over $1 billion in customers’ assets in management, users benefit from higher returns and thorough educational content to enhance their DeFi experience.
Customers can find various services under the Cake DeFi banner, including liquidity mining, staking, freezer, and lending. These tools all provide exposure to lucrative rewards without worrying about the technicalities too much. Additionally, the team will introduce a new and improved “learn & earn” program to help new users on their decentralized finance journey.
The success of Cake DeFi puts the team in a position to support other companies. The Cake DeFi Ventures arm has $100 million to invest across global startups tackling Web3, gaming, and fintech development. Any project bringing synergetic value to the existing and growing Cake ecosystem will be considered eligible for funding.
Strong Incentives For A Better World
The monetary aspect of Cake DeFi Ventures is only one facet. Partner and portfolio projects will receive a total support package, including Cake’s products, connections, users, resources, and blockchain expertise. Together, all parties can tackle one opportunity in Web3 and fintech, or explore exciting ventures in gaming, NFTs, or eSports.
Cake DeFi CTO and Co-founder U-Zyn Chua adds:
“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us to enhance our Web3 offerings.”
Although CDV is based in Singapore, the team will look for global investment opportunities. Moreover, there is room for venture capital firms and investment funds to explore co-investment opportunities and strategic partnerships. Concepts like Metaverse, Web3, gaming, and fintech are global initiatives, with many startups looking to execute bold ideas or enhance the overall user experience through products and services.
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