Bake.io (Formerly Cake) Bonus: Up To 25% Commission & $10 Crypto Referrals

Find out about the latest Bake.io (formerly Cake DeFi) deals and bonuses here.

Cake DeFi have hit a milestone and are mixing things up with some new branding. They were all about making decentralized finance (DeFi) available for everyone. They started small with a big vision and have been rocking it for 4 years.

Now, they’ve grown so much that they decided it was time for a name upgrade. Cake DeFi is now Bake, and it’s part of Cake Group.

• Update 1/24/2024: Here are the countries where Bake.io is currently not available.
• Update 6/23/2023: Cake DeFi has rebranded as Bake under Cake Group, signaling their growth and commitment to empowering individuals with new financial products and services. Details below.

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Cake DeFi Evolves Into Bake And Cake Group

• Cake DeFi has rebranded and is now known as Bake under Cake Group.
• Bake will be one of four verticals under Cake Group.
• The name change reflects the company’s growth and evolution.
• Bake represents action and signifies the commitment to building new products and services.
• The renaming will be accompanied by changes to the website, mobile app, social media, and community channels.
• A new mobile app will be launched soon, providing an improved user experience and interface.
• Staking services for the native token of Polkadot, DOT, will be launched in July 2023.
• The company has ambitious plans to offer more services based on different blockchains and projects.

READ MORE: GET A SIGN UP BONUS WITH THIS OFFER FROM COINBASE

Bake Changes Coming

Now that Bake has donned its new apron, you’ll notice some updates. Their website, mobile app, social media, and community channels are all getting new names and handles.

Bake’s launching a new mobile app. They’ve rebuilt it from scratch, and the new design is slick and polished. Expect more control and transparency, all aimed at helping you take charge of your financial destiny.

A Peek Into The Future

Bake is also gearing up to offer staking services for DOT, Polkadot’s native token. This is just a taste of their multi-chain ambitions as they work to provide more services based on the blockchains and projects you like.

Services From Bake

Bake’s got a bunch of services. Let’s break them down:

• YieldVault: Generate passive income on popular cryptocurrencies. It’s beginner-friendly, and you don’t have to lift a finger once you allocate your funds.
• Staking: Deposit your crypto and let it work for you. This hands-off approach is perfect for the long game. Plus, you don’t have to stress about waiting periods to unstake.
• Liquidity Mining: Allocate your crypto to a liquidity mining pool on a decentralized exchange (DEX) and start earning yields. Bake handles the nitty-gritty so you don’t have to.
• Freezer: Lock up your funds and receive daily cash flow for up to 10 years. The longer you freeze, the more rewards you can earn.
• Borrow: Unlock new capital streams by borrowing against your crypto assets at competitive rates. Low-interest rates and the freedom to repay whenever you want.

READ MORE: CRYPTO.COM IS CURRENTLY OFFERING A NICE SIGN UP BONUS

Bake Referral Program: $10 & Up To 25% Of Bake’s Commission

• Invite Friends: Users can invite friends to join Bake.io through a referral link.
• Earn Commission: Earn up to 25% of Bake’s commission from the activities of the referred friends. For example, if Bake earns 1 BTC commission from a user’s referrals, the user will receive up to 0.25 BTC as a referral bonus.
• Unlimited Referrals and Weekly Payments: There is no limit on the number of referrals and the weekly payments a user can receive.
• Track Referrals: Users can keep track of the performance of their referrals and watch their revenue grow.
• Scaled Commissions Based on Referrals: The percentage of Bake’s commission a user is eligible to receive increases with the number of referrals:
  • 1 referral: Earn 10% of Bake’s commission.
  • 3 referrals: Earn 15% of Bake’s commission.
  • 6 referrals: Earn 20% of Bake’s commission.
  • 10 referrals: Earn 25% of Bake’s commission.
• $10 Bonus Per Referral: Users receive a $10 bonus for each successful referral (subject to T&Cs, and not available in some regions).
• Calculation of Referral Bonus: The referral bonus is calculated based on:
  • The commission Bake receives from the referral (Total Referred Commission).
  • The total number of friends referred (Referral Badges).
  • The $10 bonus per successful referral (subject to T&Cs).
• Weekly Payouts: Bonuses are paid out every Monday based on referrals’ assets and referral progress badges. Bonuses are paid in the coins that the referred friend is earning from, with the exception of Liquidity Mining, which is paid in DFI.
• Eligibility: Anyone with a verified Bake account is eligible to join the referral program.
• Successful Referrals: A successful referral is determined by referred accounts having USD 50 or more in active funds.
• Bake’s Commission Rates:
  • Staking (excluding ETH): 15%
  • ETH staking: 10%
  • Liquidity Mining: 15%
  • YieldVault: 15%
  • Earn: 25%
  • Freezer: 2.25% – 15%
• Note on Bonuses: In some regions, the $10 bonus awards are not available as they have already been fully redeemed.

The incentive for using a referral link to sign up is subject to change. Use our referral link below if you’d like to sign up with Bake for their varied services and to participate in the referral program to earn rewards.

>> HERE’S OUR REFERRAL LINK TO SIGN UP WITH BAKE.IO (CODE 931982)

Bottom Line

Cake DeFi rebranding to Bake and becoming part of Cake Group is like adding some new flavors to the cake.

Their suite of services is quite versatile, especially if you’re looking to earn passive income. Their new app promises an improved user experience, which is always welcome. But don’t put all your eggs in one basket; it’s always smart to see how things evolve.

Rebrands can sometimes be confusing. So, make sure you double-check to ensure you’re interacting with the real Bake on all socials. Also, while their ambitions are lofty, execution is key. Keep an eye on how they innovate and serve their community.

I recommend following Bake.io CEO Dr. Julian Hosp on Twitter if you’re going to their services and want real-time updates.

So, the dough’s in the oven. Let’s see if Bake and Cake Group can deliver.

>> HERE’S OUR REFERRAL LINK TO SIGN UP WITH BAKE.IO (CODE 931982)

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