In todays edition InTheMarket:

• OpenDAppsCloud: An exciting week of developments ahead of us

• Bake news

• New Video: DeFichain Demystified

• My personal review: A journey through the DeFiChain world

Read time: 4 minutes

^Hey,

Welcome to a new edition of the InTheMarket newsletter! There are exciting news and developments in the world of DeFiChain. Let's get started right away!

OpenDAppsCloud: An exciting week of developments ahead of us

OpenDAppsCloud and DeFiMetaChain are full of developments and new features this week. Here's a sneak peek at what we can expect in the coming days:

• The next big update: version v1.0.5 of OpenDApps Cloud is rolling out this week on DMC and opBNB test networks. This brings a new contract deployment infrastructure and supports special "Free Pass" NFTs that allow users to use the platform tax-free.

• New Blog Post: A blog post will be published tomorrow on how to create ERC-20 tokens on OpenDApps Cloud and what configurations and additional features are available.

• CEO in conversation: On Wednesday, CEO @CryptoTFaceless will be at the @defichain Community Space. This will be a great opportunity to learn more about OpenDApps Cloud and DeFiChain MetaChain and ask questions directly.

• Weekly Review: At the end of this week, there will be a review of all developments and updates to keep the community informed.

• Innovation by Unleashed Business: The team is currently experimenting with L2 technology. If all goes according to plan, an exciting new concept could be coming to the DMC landscape.

Click here to set a reminder for their TwitterSpace:

Bake.io News: Exciting updates and an important BaFin change

A significant event for Bake.io: BaFin (German Federal Financial Supervisory Authority) has withdrawn its regulatory advice on Cake DeFi. This update comes after prolonged collaboration and communication between the company and the German regulator.

In January 2022, Cake DeFi was accused by BaFin of operating in Germany without a license. After more than a year of intensive clarification and based on BaFin's recommendations - including the removal of German language from the website and app and adjustments to the affiliate program for German customers - this prejudice has now been debunked. BaFin confirmed, "...following these adjustments, there is no longer any reason to assume that Cake Pte. Ltd. offers unauthorized banking or financial services in the Federal Republic of Germany via cakedefi.com. Therefore, we withdraw the advisory dated 07.01.2022...".

Here is the complete article.

In addition, there are other exciting news from Bake.io:

The wait is over: The new Bake.io app is now available for iOS users! In addition to the long-awaited availability on Apple devices, the app also brings some innovative features:

• Revenue Forecasting: A new rewards calculator allows you to forecast future revenue.

• Live reward tracking: A countdown timer provides information about upcoming earnings.

• Term options: Users can choose between flexible or fixed terms.

• Multi-entry management: It is now easier to combine or update multiple entries.

• Mode selection: There is now a dark and a light mode for personal preferences.

Here is a little insight where you can see the countdown for the next payout and also where it comes from (i.e. from which service).

And if that wasn't enough, starting in August, Bake.io is excited to introduce an enticing promotion around dollar-cost averaging strategies. According to teasers from Fabio Adreatta and Julian Hosp, this could mean that it will soon be possible to buy DFI via a savings plan with no fees through Bake.

So, if you haven't tried it yet: the app is now available for both Android and iOS: https://bake.io.