What is Cake DeFi?
Cake DeFi is a cryptocurrency lending, staking, and liquidity mining platform. They use their own cryptocurrency called DeFiChain (DFI) for both staking and liquidity mining.
Learn and Earn
Who are eligible to participate?
Anyone can participate in the Learn and Earn program.
Users that signed up from March 29 2022 onwards will be eligible for up to $10 in crypto. Users who have answered the quiz successfully will be rewarded.
The program has three courses, as of now two are available (DeFiChain and Bitcoin) while Ethereum is upcoming.
Both courses has five easy questions, all are multiple choice type of question. Each answers are worth $1 of crypto.
To be able to access the Earn and Learn, first we must download the app and create our account. The process is so easy.
By clicking the link above it will automatically add our Cake DeFi referral code: 3732184 upon signing up.
By using this referral code, you are also eligible for a $30 DFI sign-up bonus if you deposit $50+ in crypto to Cake DeFi.
Take note that KYC is necessary.
How to answer the quiz?
After you completed the sign process, you will be redirected to the homepage, just click the Learn above and the Learn and Earn page will open.
Earn $5 in DFI as a reward for the quiz. Take some time to read the course, you will surely enjoy learning new things especially it is all about crypto.
For your convenience, here are the quiz answers😊
How can DeFiChain be described in one sentence?
A. DeFiChain is a blockchain dedicated to Native Decentralized Finance for Bitcoin.
What is Decentralized Finance?
B. Decentralized Finance are all types of financial applications without the need of a third party intermediary like a bank
What are the benefits of #NativeDeFi?
C. Native DeFi is more secure than non-Native DeFi because the consensus happens directly on the native blockchain layer, instead of getting compiled and running through a virtual machine like on Ethereum.
What are the main ways to earn incredibly high yields with DeFiChain?
B. Staking and Liquidity Mining offer great and easy ways for anyone to earn block rewards with over 50% yearly returns.
What is DeFiChain’s Decentralized Exchange?
D. DeFiChain’s decentralized exchange is the cornerstone of most decentralized financial applications in the DeFiChain ecosystem, enabling trading, liquidity mining and more
After completed the course and answering all the quizes successfully, the reward will be sent directly to the Freezer and locked for a minimum of 1 month.
After 1 month, you can defrost the reward and apply to any products of Cake DeFi that accepts cryptocurrency reward.