Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to $100 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure. Cake DeFi Goes The Extra Mile Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake DeFi team makes both verticals more accessible by focusing on a streamlined user experience without unnecessary bells and whistles. The Cake DeFi platform makes decentralized finance products and services straightforward to use. Moreover, users can achieve high returns regardless of their expertise or technical knowledge. Users can start their crypto journey as a novice or build a strong portfolio as an existing crypto enthusiast. Additionally, there are options to earn free crypto by going through educational content and short quizzes. Numbers-wise, Cake DeFi paid out $230 million in rewards to its users throughout 2021. Moreover, customer assets were grown by 6x on average, ensuring users receive a healthy return on their committed funds. The team intends to pay out $400 million in customer rewards by late 2022, although that number may rise to $1 billion. T...
$285 Million in Bitcoin Shorts Wiped Out
