The Conservative Crypto Investors can Now Rely on Earn, A Hybrid Product by Cake DeFi

The infamous FinTech organization Cake DeFi has launched a new product called Earn with an aim to provide crypto investors easy access to decentralized finance. This tool will allow users to protect themselves against market volatility and impermanent loss and at the same time, generate returns via a single-sided liquidity mining service.

The investment community is embracing digital assets more every passing day and any diversified investment portfolio, with a good rule of thumb to limit cryptocurrency to between 5% and 10% of the 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.

Dr. Julian Hosp, Co-Founder, and CEO of Cake DeFi have shared his input about the new product, "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 much 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. You can always trust Cake DeFi because you can always verify. EARN will allow users to get unbeatable returns on Bitcoin which they can track transparently on the blockchain. The Volatility Protection feature will also protect them against impermanent loss, especially in such times of market volatility."

This new product also has a volatility Protection feature that aims to protect users against impermanent loss, covering potential losses should crypto prices fluctuate drastically. Taking the best of both worlds, EARN combines the high yields of Liquidity Mining with the low volatility traditionally associated with crypto lending. It is a new and unique way of generating cash flow from allocating existing crypto assets with no counterparty risks and protection against impermanent loss. Users will have full transparency of their investments as they are allocated directly on the DeFiChain blockchain. With the help of Earn, users can allocate either Bitcoin (BTC) or DeFiChain (DFI) to receive rewards in the native coin every 24 hours, at approximately 10 percent annual percentage yield (APY). Returns in EARN will also be auto-compounded to generate even greater yields.

Cake DeFi has achieved tremendous growth and has seen its strongest quarter yet in Q2 2022 when it comes to customer growth, funded accounts, and payouts, as per its latest Q2 2022 Transparency Report. It has recently crossed the 1 million customer mark and has paid out a total of US$375 million in customer rewards to date as of the end of Q2 2022 despite the grim market outlook. In the near term, Cake DeFi's immediate priorities are to continue growing its customer base, while continuing to enhance financial inclusion to make DeFi more accessible to both consumers and businesses.