Dear Cake Bakers,
We have an exciting update for you!
TL;DR: In order to further protect our users’ funds, we have established Cake’s emergency insurance fund — the Secret Cookie Stash (SCS), which will be stored in a cold wallet. Also, our first public batch has been performing as planned and returns have been stellar! https://pool.cakedefi.com
With the start of Q2 2020 we decided in our board meeting to create the CAKE EMERGENCY INSURANCE FUND called the Secret Cookie Stash (SCS):
“To protect the future interests of all users, Cake will create a Secret Cookie Stash (SCS). Starting from Q2 2020, we will allocate a percentage of various fees received into the SCS to offer protection to our users and their funds in extreme cases. This fund will be stored in a separate cold wallet.”
We hope you welcome this step as it brings maximum security for our customers.
Furthermore, despite the crazy crypto environment right now, our Bitcoin Lapis batches are performing as planned and the first public batch is paying out the returns tomorrow Friday: https://pool.cakedefi.com All participants will be very happy :)
Users can then track the performance and all the details, which is unique in the industry. We believe in transparency and in providing users the best returns in crypto lending.
If you want to be part in the next Bitcoin Lapis batch, which will be in high demand, we are raising the limit step by step. If you want to get an additional return on your BTC, enter before it closes Sunday evening at https://pool.cakedefi.com
Our founders U-Zyn and Julian have done a Q&A on YouTube that you can watch here: https://youtu.be/60WXkG51W5Q
If you have any questions, please join our English Telegram group: https://t.me/CakeDeFi_EN
To take you on our exciting ride, we will start sharing parts of our board reports with you from now onwards — starting next week. So stay tuned, we have some exciting plans for the upcoming quarter and the entire year.
We will keep focusing on our mission to bringing you cashflow from any type of blockchain asset in the most transparent and most attractive way possible in order to build a one-stop platform for you to manage all your finances in an automated AI-supported manner — be it crypto, real estate, stocks, gold, and much, much more.
We appreciate your trust and business.
Your Cake Team