• Cake DeFi is proud to announce its latest product — Borrow.
• Customers will have the ability to borrow USD Decentralized from them ()You can pledge BTC, ETH and USDC as collateral.
• More than $1 billion worth of customer assets are part of the network.

Singapore-based DeFi platform Cake DeFi is proud to announce its new product — Borrow. By pledging crypto assets, such as BTC or ETH as collateral, the new product allows users to borrow USD decentralized (DUSD). You can borrow DUSD to create good income.

Cake DeFi, with its new product, aims to strengthen its users’ portfolios and potentially boost their rewards. This network allows users to earn a high APR rate up to 70%. Users can thus enjoy good returns, despite wild market volatility.

Dr. Julian Hosp is the co-founder and CEO at Cake DeFi.

Borrow will provide more liquidity for users to use DeFi services and keep their assets. DeFi allows users to earn passive income using their cryptos without trading. Cake DeFi is committed to providing innovative services for our customers.

The network boasts more than $1 billion of customer assets, which is a strong indicator of market stability. With 700,000 users registered, the network continues to grow. The network users can generate cash flow through digital asset investments.

Cake DeFi offers the ability to lend Decentralized USD (DUSD), along with Ether (ETH), USDT, (USDC), (USDC), and DFI collateral. The collateralization rate is 200%, and the annual percentage (APR) of 5%.

The DUSD can also be used to purchase tokens, stake and liquidity mining, among other things.

Cake DeFi, on the other hand has seen a tremendous increase in its revenue for 2021. Customers received rewards totaling $230million in 2021. $75 million was the quarter’s final. In the near term, Cake DeFi’s immediate priorities are to continue growing its customer base as it aims to reach $10 billion in total customer assets by the end of 2022.

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