Cake DeFi Blog
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Less banking, more baking. Learn all about the world of crypto, passive income opportunities, and a high yield / low-risk strategies from the official Cake DeFi Blog. Cake is a platform that empowers you to be in control of your finances by creating cashflow and harnessing the potentials of Decentralized Finance.
Cake DeFi Blog
16h ago
Blockchain technology has begun to transform the gaming landscape. The simple concept of people playing games while simultaneously earning real rewards is revolutionary.
This breakthrough is made possible through GameFi, a blend of gaming and decentralized finance (DeFi). In GameFi, assets such as in-game currencies and items are anchored to a blockchain, ensuring players have full ownership.
This genuine ownership allows gamers to freely use, trade, or gift their assets as they wish, changing the way in-game interactions are perceived and valued.
In this article, you’ll discover the to ..read more
Cake DeFi Blog
1w ago
In the volatile world of crypto, stability is a rare commodity. Everyday investors and crypto newcomers are often put off by crypto’s extreme volatility.
Stablecoins offer some solution to this, but the major ones are all centralized, and previous attempts at decentralized solutions have failed catastrophically (e.g., Terra Luna).
However, one project has decided to take it upon themselves to solve the issue of stability once and for all — Ethena (ENA).
What is Ethena?
Built on the Ethereum network, Ethena utilizes blockchain technology to offer a stable, reliable, and accessible digita ..read more
Cake DeFi Blog
1w ago
The Injective Protocol is a blockchain platform optimized for finance.
The network bridges traditional and decentralized finance (DeFi), creating a new financial paradigm powered by decentralization.
In this article, you will learn what Injective is, how it works, and why it’s set to redefine the way people interact with financial applications.
What Is Injective?
Injective Protocol is a lightning-fast, interoperable layer-one blockchain, specifically optimized for building Web3 finance applications. It is known for its ability to provide developers with powerful, plug-and-play modules f ..read more
Cake DeFi Blog
1w ago
Solana, known for its remarkable ability to handle over 65,000 transactions per second, stands as a testament to the possibilities of modern blockchain technology.
Despite still being a relatively new player in the field (launching in 2020), Solana quickly garnered interest from both developers and investors.
Its approach to solving common blockchain issues, such as scalability and speed, has positioned Solana as a potential game-changer in the industry.
In this article, you’ll find out all you need to know about Solana and discover why it could be the network that redefines ..read more
Cake DeFi Blog
2w ago
Building on the success of the first phase of token swap integrations, Bake now offers the power of the new trade engine for greater swap functionality and opportunity.
What’s New?
More Tokens, More Opportunities: 30 new tokens have been added for a total of 66, so you can now buy, sell, and swap from a choice of 583 trading pairs.
Reduced Fees, Slippage, and Tighter Spreads: Bake swaps are now optimized for minimal trading costs. Low fees and reduced slippage mean your trades are faster, smoother, and cheaper.
Higher Liquidity: Higher liquidity means more supply and demand in the market ..read more
Cake DeFi Blog
3w ago
Blockchain and cryptocurrencies are lauded for their groundbreaking technology and rapid innovation.
“It’s about the tech” is a common phrase used by crypto investors to justify their investments in this speculative market.
However, despite this narrative, a recent phenomenon is pushing investors in another direction: the Meme coin.
Characteristics of Meme Coins
Unlike traditional cryptocurrencies grounded in robust technology or real-world utility, meme coins find their roots in internet culture, often created as a light-hearted joke or homage to popular memes.
Some typical chara ..read more
Cake DeFi Blog
1M ago
The crypto market has switched to full-on meme mode. Meme coins, the novelty tokens generally based on popular internet memes, have now hit an overall market cap of over $55 billion USD.
The total meme coin ecosystem now ranks as the 10th biggest, outranking popular sectors like GameFi and Ethereum Layer 2 solutions.
But what makes meme coins so popular? How are tokens created as a joke outranking projects with innovative technology and sound fundamentals?
In this article you’ll find out the psychology, market impact, and what the future holds for the meme coin phenomenon.
What Is a Mem ..read more
Cake DeFi Blog
1M ago
Ultimate Trading Flexibility: How To Swap Tokens on Bake
Bake has taken another leap forward in its offering, with 33 different tokens now available to swap on the Bake mobile app.
You can swap all your favorite tokens with transparent pricing, and the reliability and user-friendly interface you know and trust on Bake.
How to Swap Tokens on Bake Step 1: Portfolio Tab
Open your Bake app and log into your account. Head to the portfolio tab to see an overview of your assets and rewards.
Step 2: Swap Screen
Next, tap the “Swap” button to enter the asset swap screen.
Step 3: Select Your Assets
Tap ..read more
Cake DeFi Blog
1M ago
For all the hype surrounding the marriage of AI and blockchain, there still seems to be no clear consensus on what use AI actually has in the world of crypto.
Will it be a decentralized Chat GPT? A new high-powered market predictor that will remove humans from trading for good? Or just a novelty that will wear off in a few months?
In this article, you’ll learn the best use cases for AI in Crypto, and discover how they are (or are not) set to revolutionize the industry.
1. Decentralized GPU Computing Power
The most developed use case for AI in crypto is through decentralizing GPU computing pow ..read more
Cake DeFi Blog
1M ago
Ever since Chat GPT took the world by storm in late 2022, the race has been on to find the best way to harness the power of Artificial Intelligence (AI).
However, so far, progress has been limited, with most companies failing to generate real, tangible outcomes from AI.
Amidst the buzz and potential that AI technologies bring, there lies a fundamental challenge: how do you translate AI's capabilities into concrete results?
The Convergence of AI and Blockchain
The answer to the AI problem lies in its ability to be combined with blockchain technology.
Blockchain is a distributed database that ..read more