Current Yield Farming state:
Farm at a higher interest rate, but high risk and not for all portfolio size.
Can be time consuming to look for and manage a portfolio across farming protocols -Gas costs are increasing. Moving between farming protocols and regularly transacting to compound your yields is becoming prohibitively expensive.
Smart contracts are hard to audit and bugs can result in lost funds.
CAKECITY addresses these problems by deploying strategies to move assets between different yield farming opportunities to maximize yield and manage risk.
-See combo strategies Deposit into CAKECITY platform and CAKECITY takes care of:
-APY increasing.
-Secure your funding.
-No rug-pull, for community and by community (Governance token).
-”Smart-yield” Strategy development.
-Gas-saving with optimization Solidity code.
-Deposits are automatically compounded wherever possible to maximize yield.
-Easy Wealth management & risk management.
-Multi Sign by Gnosis Safe.
HOW IT WORKS?
The CAKECITY is the city of blockchain to earn and farm CKE.
CAKECITY has 2 cities that present 2 major user categories STAKE district (Yield Farming) and FARM district (Vault earning). For a high-level understanding of how it works, consider the following situations.
Before proceeding, note the following general information, that apply to both STAKE and FARM on the platform.
-Supported Blockchains: Ethereum (MVP phase). In the future, CAKECITY will have multi-chain support and cross-chain integrations such as Binance Smart Chain, Polkadot and Solana.
-Supported Tokens: ERC20 (MVP phase). In the future, CAKECITY will integrate ERC721, ERC1155 along with multi-chain token standards.
-Supported Wallets: MetaMask and Wallet Connect (MVP phase). In the future, CAKECITY will integrate Coinbase Wallet, Fortmatic, and Portis, as well as other non-ERC20 wallets.
FARM district (Vault)
We support user deposit token into Vault and receive ckeTokenAsset that can use as underlying assets in STAKE district later, in this MVP phase, we support:
--StableCoin:
-deposit USDT receive ckeUSDT
-deposit DAI receive ckeDAI
-deposit USDC receive ckeUSDC
--AMMs tokens:
-deposit UNI receive ckeUNI
-deposit BAL receive ckeBAL
-deposit 1INCH receive cke1INCH
-deposit SUSHI receive ckeSUSHI
-deposit YFO receive ckeYFO
--CKE liquidity:
-deposit UNI:CKE-ETH receive ckeUNI:CKE-ETH
-deposit YFO:CKE-ETH receive ckeYFO:CKE-ETH
--Step by step to deposit into Vault:
Step 1: Go to cakecity.org
Step 2: Select FARM district and connect your wallet with Metamask or Wallet Connect
Step 3: Select assets you want to deposit
For UNI:CKE-ETH, you have to addLiquidity for pair CKE-ETH on Uniswap, then go back here to deposit.
Step 4: Input the amount of token you want to deposit, click Deposit (or Deposit and Stake), then confirm your transaction on the wallet.
--Step by step to withdraw from Vault:
Step 1: Go to cakecity.org
Step 2: Select FARM district and connect your wallet with Metamask or Wallet Connect
Step 3: Scroll down and switch Deposit to Withdraw (bottom-left)
Step 4: Input the amount of ckeTokenAsset you want to withdraw, click Withdraw (or Unstake and Withdraw), then confirm your transaction on the wallet.
--STAKE district (Yield-Farming)
CAKECITY staking pool is a place where people can earn CKE by depositing ckeTokenAsset, a place where you can “put your money to work” while you are sleeping. Our staking pool pays rewards to user every time.
At the beginning of every week, our dev will notify and distribute more CKE reward tokens to each staking pool. Later when we set up our DaoVote for CKE’s holder, the amount of reward that is distributed to each pool every week will layone vote result of the pool, not us.
--Step by step to stake into Staking Pool:
Step 1: Go to cakecity.org
Step 2: Select STAKE district and connect your wallet with Metamask or Wallet Connect
Step 3: Select a pool that you want to stake
Step 4: Input the amount of ckeTokenAsset you want to stake, click Stake, then confirm your transaction on the wallet.
Step by step to harvest (or unstake and harvest) CKE reward from Staking Pool:
Step 1: Go to cakecity.org
Step 2: Select STAKE district and connect your wallet with Metamask or Wallet Connect
Step 3: Select a pool that you already staked, then you see the amount of CKE earned.
Step 4: Click Claim (or Unstake and Claim), then confirm your transaction on the wallet.
Please note that the greater the participation in a staking pool, the lower the reward paid to each participant per second (and therefore APY) becomes.
--Where and how to buy $CKE?
First note that we are in the first stage of CAKE City Presale with 4000 $CKE allocations ( 2000 $CKE for each purchase methods.)
1 $CKE = 0.15 ETH
1. You can buy either from Bounce.finance (Beware of the high fee and 89% network clogging l)
Links: https://app.bounce.finance/fixed-swap/5382
2. You can also buy $CKE through the official Crowdfunding address.
Kindly send your prefered amount of eth to the official address.
Official Crowdfunding address: 0xb29443665865863e3ea465Db3Ad0F3a35671beC6
PLEASE : DON'T SEND ETH FROM AN EXCHANGE ACCOUNT
YOU WON'T RECEIVE $CKE TOKENS IF YOU DO SO.
-Telegram Group: https://t.me/Cake_Defi
-Twitter account: https://twitter.com/CKEcity
-Official Cake Website: https://cakecity.org
-Github: https://github.com/caketoken/
-Email : [email protected]
---Beware of scammers disguising as a CAKECITY Admin, be aware no Admin will dm you first or ask for your private keys
---DEFI tokens are subjected and more exposed to high volatility, Do your own personal research before investing.