CakeTogether

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Wintermute has withdrawn 24,124 AAVE tokens valued at approximately $41 million from the Kraken exchange, signaling bullish market sentiment.

Jesper Sørensen

a minute ago

This week, Deribit and SignalPlus launched the SPACE Edition Trading Competition, offering a 450K USDC prize pool to reward proactive traders.

Filippo Romano

5 minutes ago

New data reveals a shift in Bitcoin supply from long-term holders to short-term holders as market volatility increases.

Leo van der Veen

17 minutes ago

Since the prize pot comes entirely from the staking rewards, the players never lose their funds!

CakeTogether is based on the no-loss concept (also called prize-linked saving accounts), the way it works is very simple:

Players get tickets (tCAKE tokens) by locking CAKE, the tokens are then deposited into PancakeSwap CAKE staking pool to earn staking rewards
The CAKE rewards generated by staking are all added to the prize pot
Every 7 days, a ticket (tCAKE) holder is randomly picked and wins the entire prize pot!
At any time, the players can withdraw ALL of their CAKE tokens by burning their tickets (tCAKE tokens). The only requirement is to hold your tickets for at least the duration of 1 round (7 days).