Cake DeFi Launches New Product "Borrow" Enabling Users To Strengthen Their Crypto Portfolios.
29 Apr 2022, 08:00
Cake DeFi Launches New Product “Borrow” Enabling Users To Strengthen Their Crypto Portfolios
Cake DeFi, a fintech platform based in Singapore is elated to announce the launch of a new product, ‘Borrow’ that will give users opportunities to strengthen their crypto portfolios.
Cake DeFi’s new product reportedly allows users to borrow Decentralized USD (DUSD) by pegging Ether, Bitcoin, Tether USDC, and DFI as collateral. Note, Borrow will allow users to use these cryptocurrencies as collateral as long as at least 50% of the collateral Is DFI.