Cake DeFi has changed its name to Bake since early 2023. Bake is an exchange which is very user-friendly. Below you can see the 6 cryptocurrencies you can stake at Bake on the DeFi principle.
How does earning at Bake work?
Bake works exclusively with DeFi which is a decentralized financial system. This means that DeFi is a blockchain-based financial service where a government agency does not have to approve the transactions. This also means that with DeFis you don’t have transaction fees from institutions like central banks. DeFi is therefore free and open source.
What cryptocurrencies can you stake at Bake?
Following cryptocurrencies you can stake at Bake. Sui, Polkadot, DeFiChain, Etherium, Solana and Polygon. So these are all coins that work on the DeFi network.
When will Bake pay its interest?
Bake pays out interest every 12 hours which you can have paid out, reinvest or convert to other coins.
What is the support like at Bake?
When creating my personal Bake account, I made a contact to see how quickly and well their support works. I contacted them around 8:30 in the evening and after less than half an hour I had already received a good answer. Always nice to know that the support of an exchange platform answers quickly and correctly via support.