Cake DeFi, Singapore-based Decentralized Finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The company announced that it has paid out over $317 million in rewards as of end Q1 2022 while continuing to see robust business growth of an average of almost 90 percent quarter-on-quarter since 2019.
Singapore’s Cake DeFi pays a record $317M in rewards to customers
Cake DeFi, Singapore-based Decentralized Finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The company announced that it has paid out over $317 million in rewards as of end Q1 2022 while continuing to see robust business growth of an average of almost 90 percent quarter-on-quarter since 2019.
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