DEFI
Denztralized finance, also called DEFI, is a technology that replaces the middleman (banks, exchanges, and brokers) in finance. Instead, the technology relies on automated protocols on the blockchain. As a result, DEFI makes it possible to trade, borrow and lend money, as well as earn interest on your assets.
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Generating passive income with cryptocurrency is an effective way of making money today. There are several ways to achieve this, which merely require you to park your crypto assets and reap significant returns on them.
CakeDefi is a brand-new Singapore-based crypto platform that allows users to generate new cash flow from their otherwise not very productive cryptocurrency holdings. And to make things even better, it is exceptionally user-friendly, operates with utmost transparency, and is powered by DEFICHAIN. So, let’s find out what you can do to put your cryptos to work for you!
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