1. When does the campaign start?
The F.I.R.E Campaign will commence on Monday, 16.01.23, and will run until Monday, 06.02.23.
2. What is F.I.R.E.?
F.I.R.E., which stands for "Financial Independence, Retire Early", is a great opportunity for new Cake DeFi users to pursue financial freedom. Participants can receive up to $1,000 worth of DFI through the promotion, and gain up to 20% on their crypto and further increase their wealth by using other Cake DeFi services.
3.How do I know if I'm eligible for the F.I.R.E. bonus?
If you have registered for a new Cake DeFi account on or after 16 Jan 2023, passed KYC and made an eligible allocation into Freezer (Liquidity Mining or Staking) before 6 Feb 2023, you are able to get the F.I.R.E. bonus.
4.Is it guaranteed that I will get the F.I.R.E. bonus?
Yes, as long as you fulfill the eligible criteria:
- You are a new user registered during the promotion period.
- You entered the minimum investment amount into either Liquidity Mining or Staking Freezer during the promotion period, for at least 6 months.
The F.I.R.E. bonus will be paid out immediately upon your first Freezer allocation, which will then be sent directly to the Freezer and locked for a minimum of 1 month. After the 1 month period, you can defrost the reward and you can apply it to any of the products offered on Cake DeFi that accept the cryptocurrency awarded.
5. Can I get more than one F.I.R.E. bonus?
Each eligible user will only get a one-time bonus payout on your first qualifying allocation into Staking or Liquidity Mining Freezer as part of this promotion. Bonuses do not stack.
6. Where can I learn more about Cake's Staking and Liquidity Mining services?
Cake DeFi provides an easy-to-use platform that aggregats various DeFi applications and services. Some of the services that we offer are Staking, Liquidity Mining, and others.
With Staking, if you have ETH, DASH, or DFI coins, you can earn up to 15% APY, with full control and flexibility over your staked assets.
With Liquidity Mining, when you allocate assets into shared pools, you provide liquidity that is used to trade on the DeFiChain DEX, and investors get a cut of all the trading fees generated in the pool as a reward, as well as a share of the new DFI coins that are being produced every block as an extra reward. This allows you to earn up to 20% APY on your assets.
For more information about how to do a deposit, please check this article:How to make a deposit into my Cake DeFi account?
For more information about the Freezer program, please visit ourFreezer Program FAQ page.