Cake DeFi Adds Support For Ethereum Staking

HomeCrypto staking
Share this article
Subscribe for weekly updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Julian Hosp; Photo Source: The Edge Singapore
In the words of Dr. Julian Hosp, Cake DeFi’s Co-Founder and CEO, “ETH Staking is the latest addition to our popular staking service. Hosting our own Singapore-based nodes will boost the confidence of investors and developers in the region and support the spirit of decentralization.”

Singapore-based crypto firm Cake DeFi integrated an Ethereum staking product into its platform.

According to Cake DeFi’s blog post, the staking service will provide returns of 5% APY on users’ staked ETH tokens. The firm reassured investors that it is hosting the staking nodes in Singapore.

The returns from the Ethereum staking product will be automatically compounded to users’ wallets every 12 hours. Cake DeFi’s team adds that this will increase staking rewards as compared to non-compounding staking.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Currently, the Ethereum network does not support unstaking. To unstake their ETH tokens, users will need to wait for the Shanghai upgrade.

However, Cake DeFi will soon allow users to withdraw their Ethereum assets via an open market. This unstaking feature will "harness the liquidity of the DeFiChain DEX."

Earlier, Cake DeFi only provided staking benefits on DFI and DASH tokens at APY rates of 19.3% and 5.4%.

Besides staking, Cake DeFi also provides crypto lending and liquidity mining services.

Written by
Ayush Pande
In the words of Dr. Julian Hosp, Cake DeFi’s Co-Founder and CEO, “ETH Staking is the latest addition to our popular staking service. Hosting our own Singapore-based nodes will boost the confidence of investors and developers in the region and support the spirit of decentralization.”

Singapore-based crypto firm Cake DeFi integrated an Ethereum staking product into its platform.

According to Cake DeFi’s blog post, the staking service will provide returns of 5% APY on users’ staked ETH tokens. The firm reassured investors that it is hosting the staking nodes in Singapore.

The returns from the Ethereum staking product will be automatically compounded to users’ wallets every 12 hours. Cake DeFi’s team adds that this will increase staking rewards as compared to non-compounding staking.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Currently, the Ethereum network does not support unstaking. To unstake their ETH tokens, users will need to wait for the Shanghai upgrade.

However, Cake DeFi will soon allow users to withdraw their Ethereum assets via an open market. This unstaking feature will "harness the liquidity of the DeFiChain DEX."

Earlier, Cake DeFi only provided staking benefits on DFI and DASH tokens at APY rates of 19.3% and 5.4%.

Besides staking, Cake DeFi also provides crypto lending and liquidity mining services.

Written by
Ayush Pande