THELOGICALINDIAN - Cake DeFi aims to brainwash and acquaint bodies about the apple on crypto and DeFi in a simple accessible to accept and hasslefree manner
Cake DeFi, a Singapore-based fintech belvedere that makes DeFi (decentralized finance) casework and applications attainable to everyone, has launched its accumulated adventure arm with US$100 actor in appropriate capital.
Cake DeFi Ventures (CDV) Will be Focused on Investing in Tech startups Across Web3
Cake DeFi will additionally focus in the metaverse, the NFT space, gaming, esports and fintech spaces that will accompany accessory amount to Cake’s amount business. Based in Singapore, CDV will attending for all-around advance opportunities in startups beyond the world.
CDV is led by Cake DeFi’s Co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO. Dr Hosp is a acclimatized blockchain entrepreneur, broadly admired as a arch influencer in the crypto and blockchain amplitude with over one actor followers beyond all of his channels globally. His eyes is to accompany blockchain acquaintance and compassionate to a billion bodies by 2025. U-Zyn, a blockchain engineer, enthusiast and broker for over a decade is awful amorous in decentralized systems architecture and development. Together they formed Cake DeFi with the eyes of architecture the world’s arch advance belvedere into DeFi and advancing another assets from Singapore.
Portfolio companies of CDV can apprehend to accept able abutment from Cake DeFi, and accept the befalling to admission abundant Cake products, connections, users, resources, and ability aural the all-around blockchain industry.
Julian Hosp, Co-founder and Chief Executive Officer of Cake DeFi, said:
“By ablution Cake DeFi Ventures, we strive appear bringing cryptocurrency and blockchain capabilities to the world. With Cake’s accepted cachet as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we advance in can apprehend to accept able abutment ascent globally.”
U-Zyn Chua, Co-founder and Chief Technology Officer of Cake DeFi, added:
“As an addendum of our assorted blockchains abutment and accepting congenital up an R&D arm with cryptography abysmal tech adequacy and specialization, advance in companies that accompany synergies to Cake DeFi’s amount business will acquiesce us enhance our Web3 offerings.”
Cake DeFi is a absolutely transparent, awful avant-garde and adapted fintech belvedere committed to accouterment admission to decentralized banking casework and applications by enabling users to accomplish allotment from their crypto and agenda assets. It is operated and registered in Singapore and is absolutely adjustable with all authoritative requirements of the Monetary Authority of Singapore (MAS).
By enabling and allotment its users to accouter the abeyant of decentralized accounts (DeFi), Cake DeFi aims to brainwash and acquaint bodies about the apple on crypto and DeFi in a simple, accessible to accept and hassle-free manner.
In Q4 2024, the activity about angled its accepted users, which it managed to abound by 10X in the accomplished of 2024. A absolute of US$230 actor were paid out to barter as rewards during the year; US$75 actor of it in the final quarter. The aggregation grew its customers’ assets by 6X in 2024. Cake DeFi aims to pay US$400 actor to barter as rewards by the end of 2022, and depending on crypto prices, this could go as aerial as US$1 billion.
On the artefact side, the aggregation is alms all kinds of decentralized asset classes on Cake DeFi, accomplishing its artefact roadmap for 2024. This includes Liquidity Mining, Staking, Freezer, and Lending. For this year, the aggregation is planning to cycle out a accommodation feature, which will be implemented in Q1 2022.
Furthermore, the aggregation will alpha a new “cash breeze decision by assets” page, to accomplish it added user friendly, and a “learn & acquire program” to advice new users admission their advance journey. Cake DeFi will additionally focus on amalgam the absolute DeFi ecosystem in a simple and aboveboard manner.
