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Cake DeFi Launches EARN: A New Single-Sided Liquidity Mining Service with Volatility Protection

Cake DeFi introduces EARN, a novel liquidity mining service designed to help conservative investors generate returns while mitigating market volatility risks.
Published on 2022-09-20

Cake DeFi Unveils EARN to Address Market Volatility and Investor Concerns

Cake DeFi, a leading Singapore-based fintech firm specializing in decentralized finance (DeFi) solutions, has introduced EARN, a groundbreaking single-sided liquidity mining service tailored for risk-averse investors. This new product aims to provide stable returns while shielding users from market fluctuations and impermanent loss.

Key Features of EARN

EARN combines the high yields of liquidity mining with the stability typically associated with crypto lending, offering users a unique approach to generating returns. By allocating Bitcoin (BTC) or DeFiChain (DFI), users can earn rewards in EARN, Cake DeFi's native asset, with an annual percentage yield (APY) of approximately 10%. These rewards are automatically compounded every 24 hours, enhancing long-term yields.

Volatility Protection and Transparency

The platform incorporates a Volatility Protection feature to safeguard against significant price swings and impermanent loss, ensuring users' investments remain secure. EARN operates on the DeFiChain blockchain, providing full transparency and eliminating counterparty risks.

Market Context and Cake DeFi's Growth

Amid the current crypto winter and heightened investor caution, Cake DeFi continues to expand its user base. The company has surpassed 1 million customers and distributed over $375 million in rewards as of Q2 2022. EARN is part of Cake DeFi's broader strategy to make DeFi more accessible and promote financial inclusion.

Conclusion

EARN represents a significant step forward in DeFi innovation, offering a balanced approach to generating returns while managing risks. With its focus on transparency, security, and user-friendly solutions, Cake DeFi is well-positioned to lead in the evolving DeFi landscape.

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