Bake is a financial marketplace connecting thriving communities with exciting investment opportunities.
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- Followers 38,179
- Likes 26,104
Important update from Bake.
We’ve published details on the upcoming suspension of crypto-asset trading services, effective April 15. After this date, trading will no longer be available, remaining balances will be converted to USD, and withdrawals will continue to be supported.
The suspension will remain in place until further notice.
Read the full details:
blog.bake.io/important-updat…
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#DeFi was once difficult to enter.
Well, not anymore!
We just launched our most easy-to-use Liquidity Mining product with an additional security layer and 0 counterparty risk. EARN rewards with 10% + APY on BTC and other cryptos in the native currency of your investment!
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💝Let Cake DeFi be your Valentine 💝 We are giving you 20,000 reasons to feel over the moon about V-day!
All you have to do is click to be part of the US$20,000 bake! #HeartBakers #LoveIsInTheAir #vday #MondayMotivation #cakedefi
👇👇
gleam.io/OUAQX/the-HeartBake…
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We are celebrating 5000 followers 🚀
🎉 Three steps to win 🎉
1. Follow us ✅
2. Retweet it ✅
3. Like the Tweet ✅
🎁 Price 🎁
$50 in $BTC
Winner will be announced Friday 12.02.2021 - 20:00 SGT
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We are celebrating 3000 followers 🚀
🎉 Three steps to win 🎉
1. Follow us ✅
2. Retweet it ✅
3. Like the Tweet ✅
🎁 Price 🎁
$50 in $BTC
Winner will be announced Friday 25.12.2020 - 20:00 SGT
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Cake DeFi is now more than 1 million users strong 🎉
This milestone was only possible because of the continuous love & support of our incredible community.
Be part of our fast-growing ecosystem and earn high rewards on your #crypto in a secure, sustainable and transparent way.
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Cake DeFi, the best company to get cashflow from your #crypto, is celebrating its 2nd birthday today! Stand a chance to win $20,000 in $DFI! Click here to participate in our biggest #giveaway yet
bit.ly/Cake_Bday
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Who you gonna call? ☎️
CAKEBUSTERS!
HELP US! 5 ghosts have infiltrated our Socials. Can you help us spot them all by liking the post? We're giving 5 Cakebusters the opportunity to receive a swag box.
👉 gleam.io/zebYr/cakebuster-ha…
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We are celebrating the launch of our new Lapis Service
Three steps to win:
1. Follow us ✅
2. Retweet it ✅
3. Like the Tweet ✅
🎁 Price 🎁
$50 in $BTC
Winner announced Friday 27.08.2020 - 20:00 SGT
We are proud to share with you our updated new & risk free Lapis Service:
medium.com/@cakedefi/ad24d16…
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We kindly invite you to read through our Q4 2021 Transparency Report, including the outlook of the road ahead of us in 2022!
Did Cake finally become a unicorn? 🦄
What are our goals for 2022? 🚀
blog.cakedefi.com/road-to-un…
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In order to support the @DeFiChain community’s repeg mission, today the Cake Group Board has unanimously approved a purchase of $DUSD, using 20 million $DFI.
Purchases will be sequenced over the coming days.
The sum of the $DFI to be utilized in these transactions was part of our Group’s revenue in 2023, where no material amounts of $DFI were sold.
Instead of selling them into BTC or USD, we want them to support the community’s effort.
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We are beyond proud that our community saw yet another record b(re)aking payouts in 2021.
We are certain that 2022 will be at least as profitable for our bakers as 2021.
So keep on baking 🍰
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WE HAVE JUST BAKED HISTORY!
From all of us at Cake DeFi, thank you all so much for your trust & support 🎉
If you’re not baking passive income with us yet, visit cakedefi.com & find out why, 600K #crypto investors are registered with us!
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SETTLEMENT OF DISPUTES
1. Cake (together with Julian Hosp and Chua U-Zyn) and Cake’s early investors (John Rost and Howard Fineman), are happy to announce that they have reached an amicable agreement to settle all disputes between them. The settlement was reached on a no admission as to liability basis.
2. To show full support to the DeFiChain community, all of John Rost’s and Howard Fineman’s outstanding DFI has been converted to DUSD, and then burned. Neither John Rost nor Howard Fineman have any material amount of DFI left.
3. For the avoidance of doubt, since April 2021, John Rost and Howard Fineman have not been involved at all in Bake, the Cake Group and its associated entities and/or DeFiChain.
4. There will be no further statements on this matter.
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El Salvador, Paraguay, Mexico, Panama are all moving towards accepting
#Bitcoin... who's next?
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🤑 $333 Giveaway 🤑
✅ Like & Retweet this Tweet
✅ Follow us & Tag 3 Friends below
💎 Sign up on cakedefi.com for an additional chance to win $3333 in the lucky draw
More Information on the #Giveaway below 👇
Only one week left!
Don’t miss your chance to win $3,333 in $DFI in our lucky draw! Register today and win the grand prize!
Read more and sign up here: blog.cakedefi.com/cakedefitu…
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Today @Apple hosted its lastest product launch #AppleEvent of 2021. Soon it’ll be possible to buy $AAPL on @CakeDeFi and anticipate events like this one today that might have an impact on the stock price. Get ready for #decentralized stocks on our platform, launching in Q4!
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To provide further clarity on recent commentary relating to $DFI and dBTC transactions on Bake.
The Cake Group has accumulated approximately 1,664 dBTC just over the past two years, primarily as a result of giving BTC to customers who converted dBTC to BTC on Bake. Instead of giving them BTC from the backing address, we gave them BTC from our own profits. This is roughly 70mil USD at current prices that the Cake Group shows as a commitment to the community.
You can find these dBTC here: defiscan.live/address/df1qhv…
Once again, we highlight that customer funds deposited into Bake are backed, 1:1. You can check this via the Proof of Reserves transparency page: app.bake.io/proof-of-reserve…
Cake Group also holds the coins it wraps for DeFiChain 1:1. Cake Group is not responsible for coins created/wrapped for DeFiChain by other parties.
The Bake Team
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Congratulations to:
Microstrategy - First Company
@michael_saylor - First CEO
El Salvador - First Country
@nayibbukele - First President
To completely embrace #Bitcoin
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Make your $ETH work for you with Cake DeFi's newest product addition:
💥 ETH staking!
Enjoy 5-6% APY on your stake with industry-leading security standards!
👉 cakedefi.com/staking
Watch our lovely host @AGoodGirlCrypto explaining $ETH Staking in more detail.
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Cake #DeFi has seen its strongest quarter yet when it comes to customer growth, funded accounts and payouts! Your continued trust and support are what have enabled us to accomplish all of these things 💜
Thank you a million++ times!
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We are happy to announce that BaFin has removed its notice alleging that we are conducting unauthorized banking or financial services in Germany.
A big thank you to our loyal customers and partners for your support 💜
Read our full press release: bit.ly/43JjFbl
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CEO Reflection on Q3: The Way Ahead of Our Rocket ship 🚀
blog.cakedefi.com/ceo-cake-r…
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Cake April 2021 Update
▹27k new customers --> Total 130,000
▹$42m paid out to customers
▹$600m (11,000 BTC) in customer assets
▹$50m in revenue
▹$7m in EBIDTA excluding capital gains (=OIBDA)
▹$69m in equity
▹$11m of that in cash & equivalents
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We are pleased to announce that we have reduced our swap fees by almost 90%, offering all of our bakers even better value than ever before 🎉
#DeFi #CakeDeFi #crypto #pieceofcake
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What an amazing 3rd birthday 🤩
Cake DeFi pays a record US$317 million in rewards to customers, received a #crypto license in EU & has ambitions to list on a public stock exchange in the near future. That's just the beginning, and more is in the works.
blog.cakedefi.com/record-rew…
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We're experiencing record-breaking web traffic, so pages / features might take longer to load. The team is already working on it, and we will update you as soon as possible 🚀
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Our website app.cakedefi.com is among the top 10,000 websites when it comes to global internet traffic & engagement 🚀
Next stop top 1,000 ✊
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We are experiencing record-baking traffic on our website. Pages and features may take slightly longer than usual to load. Log-in to our app and website may also be temporarily affected. Our tech team is currently working on it.
Thank you for your patience
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Cake May 2021 Update:
▹30k new customers --> Total 150,000
▹$59m paid out to customers
▹16,000 BTC in customer assets
▹$70m in revenue
▹$10m in EBITDA excluding capital gains
▹$80m in net equity
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Cake Group appoints new Board Member.
Following a successful vote by shareholders, VP of Product Engineering at Cake Group, Mr. Ben Zumbrunn is added to the Board of Directors with immediate effect.
bake.io/blog/new-board-membe…
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We want to reassure our customers that the current market conditions have little or no impact on Cake’s daily business. As usual, we are processing 99% of all withdrawals within 24 hours, even though some can take up to a maximum of 72 hours.
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Referring to @DeFiChain's announcement about decentralized #loans and #stocks, we'd like to take this opportunity and give you an overview of the integration timelines and features supported on Cake DeFi.
The most important details & dates are shown in the graphic below.
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The Cake Group Board has unanimously voted in support of the @DeFiChain community’s peg mission by buying $DUSD with 20 million $DFI.
Buying has commenced:
defiscan.live/address/dK92gK…
Note: The $DFI utilized for these transactions are part of our Group’s revenue in 2023.
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We are proud to share with you our updated new & risk free Lapis Service:
medium.com/@cakedefi/ad24d16…
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The All-New Cake DeFi: Major Updates Coming Soon!
blog.cakedefi.com/all-new-ca…
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We had record growth in Q2 and paid out $58m in rewards. However, that's just the tip of the iceberg!
If you are interested in learning more about our successful last quarter, check out our most recent #transparency report here: blog.cakedefi.com/q2-2022-tr…
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Once again we’ve wrapped our heads together and invested our valuable baking resources to follow through on our promise to revamp the current VIP-Program
We’re proud to introduce our newly designed VIP-Program, which will go live at the end of July
blog.cakedefi.com/welcome-to…
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The long wait is almost over!
Following the announcement from @DeFiChain, any liquidity pool that reaches a minimum of $1m in liquidity will be added to Cake DeFi. This will give our bakers time to get familiar with our new product before full the rewards kick in next week 🚀
For the first time, it is possible to hold and trade decentralised tokens in a completely decentralised way.
Learn more about it here: blog.defichain.com/what-are-…
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We were made aware today about a notification on the German regulator Bafin‘s website. We want to highlight that we are a Singapore based company and we want to ensure to our customers that we are complying with the local laws and regulations here.
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🎉 Today marks a significant milestone for all of us at Cake Group, and we couldn't have reached this point without the unwavering support and trust of our amazing customers and our dedicated team. Your belief in our mission has been a source of strength during the last months, and this victory is as much yours as it is ours.
As we close this chapter and look to the future, we're more committed than ever to delivering exceptional service and value. Let's continue to build and grow together. Onwards and upwards!
#CakeGroupTogetherStrong
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The day feels just so much sweeter when you know you’re going to get paid in your sleep, and while you’re awake as well.
No more just working, working, working and not seeing any return until the end of the month!
Do you agree? Then leave a like!
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This is one of the craziest, most wild rides we've been on as a #crypto scale-up. 🎢
We're uncertain if you've noticed, but we're in a #cryptowinter. It's been brutal. But here's the thing: We're not going anywhere. In fact, we're just getting started.
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Ladies and gentlemen, prepare to be captivated as we offer you a glimpse of something exciting, coming soon.
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Every single person who has ever bought #Bitcoin (& did not sell) is now in profit. Congrats 🎉
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It's official! We will be soon introducing #Ethereum Staking on Cake DeFi.
Sign up for our Newsletter to stay up to date: blog.cakedefi.com/newsletter…
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#Crypto tanking, Cake DeFi banking — read through our Q1 2022 Transparency Report and learn how we kicked off the year at Cake DeFi: blog.cakedefi.com/2022-q1-re…
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Congratulations to our #DeFighters going strong 💪
$DFI is up 17.32% in the past 7 days,
#RespectThePamp
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There have always been headwinds along the way
But none of these arguments could stop #Bitcoin
What comes next?
Tell us in the comments!
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We’ll soon be announcing the winners of the Cake DeFi anniversary promo! Someone’s about to find out they’ve won $20k worth of $DFI 🎉
Our team will be sending an email to all the top 10 winners later today, so make sure to check your inboxes to find out if you’ve won!
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Cake goes multichain: We are planning to add more blockchains to our platform after our $ETH staking launch!
Which coins would you like to see next on Cake DeFi? 👇
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We are about to ship one of our best #DeFi products yet. Follow us and stay tuned for more...
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We are currently working to improve the efficiency of our rewards payouts which may result in temporary delays. You will continue to receive your daily rewards from us. If your rewards are not paid out on a specific day, they will be added later on.
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Why do #Bitcoin owners "want Lambo"?
Because Ferrari is owned by Fiat!
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We are looking forward to bring added value to the millions of FACEIT users all around the world.
#DeFi to the masses 🌍
europeangaming.eu/portal/lat…
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⭐ NEW SERVICE ⭐
Please welcome the latest addition to our product line: #Ethereum Staking
It lets you earn rewards from your ETH holdings with industry-leading returns of approximately 5% through Singapore-based nodes.
blog.cakedefi.com/eth-stakin…
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Still updating. In case you are wondering why it takes a little longer: We are upgrading front and back end for decentralized assets to be withdrawable and depositable, which requires quite some major changes to our database and website. Stay tuned and start getting excited.
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Technically speaking, Financial Independence is the act of having enough assets to cover your expenses for (hopefully) ever. Basically, it is the ability to retire from wage paying work because you have enough money or passive income to cover all your potential costs for life
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🎉 We're excited to announce a significant enhancement to your Bake experience.
Our latest update makes it seamless for you to transfer your $DFI and $DUSD from #DeFiChain (native) to the DeFi #Metachain (DMC), allowing you to explore the expansive DeFi Metachain ecosystem.
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No better way to spend Fridays than at the Cake DeFi office, with burritos and good company.
What do you prefer? A burrito or a taco? 😉
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All our services are running 100% fine. Deposits & Withdrawals get processed as normal. 100% of our customer funds can be tracked and traced. If we can help out @CelsiusNetwork and/or their customers, we are happy to do so. Get in touch!
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“Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time.” - Warren Buffett
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