Skip to main content

CakeDefi Part 2 - Update on my $100 experiment

Previously, I blogged about my S$100 experiment with CakeDefi.

After 3 weeks, here's the progress:

Unfortunately, DFI coin has dropped value (I got it at S$3.90) so the status check today isn't rosy. But hey, coins value move up and down. I'll just carry on!

Me thinks that the free US$30 reward is a decent bonus so I am fine to leave my SGD$100 there to do its magic. 

Snapshot of daily interest 

Plus, the platform is clean and easy to use. Interests per 12hours are recorded, so you can check it out everyday. I don't bother checking it much; will just leave it to roll.


As of today, staking DFI will give you 73.6% APY (note that the rate changes every 12 hours):


Referral for CakeDefi

If you're keen to sign-up Cakedefi (of coz DYODD), pls use my referral link here where you'd get a total of US$30 worth of DFI (US$20 worth of DFI when you sign up and make a deposit of US$50 or more + US$10 referral reward). You can refer to my blog here for the registration guide.



-----

Referral for crypto platforms

To earn 8.88% APY on your stablecoin and receive US$50 in BTC on your first US$400 deposit, pls use my referral link here. You can refer to my registration guide here.


If you're keen to set-up a Gemini account to buy and sell cryptos, head to my guide here. You can also click on my referral link here. Upon your purchase/sales of USD$100 cryptocurrency, both of us will get USD$10 worth of bitcoin. 😊



If you want to earn higher interest on your BTC, ETH etc via Hodlnaut, pls use my link here. Pls refer to my registration guide here to download the app.

By using my link, you'll get US$20 signup bonus after you make a first-time deposit of US$1000 equivalent of coins in ONE TRANSACTION, within 7 days after your account is approved.

Comments

Popular posts from this blog

I finally cross $700k networth, after 1 year 4 months

I wondered how I should kickstart this post - should I be positive or negative about this? After 1 year 4 months, I finally crossed $700k in networth - returning back to where I've been at, back in Dec 2021.  I am disappointed.  For the past many years, I've always been growing my networth, at around $100-$150k/year. I had big plans to hit a net worth of $850k by December 2022, but the universe had other plans for me. Instead, I only managed to reach $646k, leaving me with a $204k gap to my target.  Ever since I became more aggressive in my "investment" portfolio in 2021, being sucked by greed to deploy most of my cash into stocks and crypto, I fell heavily, along with the crashes. Crypto wiped out 5 digits savings, so did the stock market.  To be honest, ever since the crashes and a bad hit to my net worth, I actually didn't do anything special to improve. I didn't make drastic spending cuts, I didn't stop my holidays, I didn't continue investing (no

Starting 2023 with extra $9,979.20

Happy 2023~! I woke up feeling not very positive. It seems like I've brought forward my 2022 negative thoughts along. I ought to be more optimistic! Anyway, my best way of welcoming the new year is to count the new inflow of $ and here's my CPF interest for 2022: Have you check your CPF interest yet?

First CPF top up in Jan 2023 and tax relief concerns

Detailing my yearly CPF top-up and thoughts.  This is my 8th year of top-up. 1. Top-up $2.5k to Medisave via Paynow Did a $2,500 top up to my Medisave, bringing it to 2023 MA ceiling of $68,500. Done the same for my husband as well. 2. On hold - To top up $5.5k to SA or no? Contrary to the past where I top-up at the start of the year, I have decided to hold off the top-up. A) Running out of cash Firstly, I'm running out of cash. I'm berating myself for degrading to the past where I look forward to my monthly income for cashflow. So I can build up my $100k capital in savings account again, given the current high interest environment.  B) Hitting FRS soon = no tax relief Secondly, I'm concerned about reaching FRS too soon.  The FRS this year is $198,800. I'm now sitting on ~$157k SA which means $41,800 away from reaching this ceiling.  I know some people encouraged maxing this out ASAP. But, as I've crossed 6 digits annual income, maxing FRS soon meant lower tax relie