Cake DeFi Reveals $317 Million Awarded to Customers

Cake DeFi, the Singapore-based DeFi (decentralized finance) platform, is celebrating its third anniversary this month as it sets fresh benchmarks for the ever-evolving DeFi ecosystem. Since its launch in 2019, the platform has been part of the DeFi space, supporting a wide range of decentralized investment opportunities like lending, liquidity mining, and staking. As part of its commemoration, the Cake DeFi team has disclosed some of its closely held results for the first time, revealing that it has paid out $317 million worth of rewards to its users through the first quarter of 2022.