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Exciting news from Bake and OpenDApps Cloud
Patrick Hammel
July 31, 2023
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A significant event for Bake.io: BaFin (German Federal Financial Supervisory Authority) has withdrawn its regulatory advice on Cake DeFi.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.
New Video: "DeFichain Demystified: What’s the difference between native DeFi and DMC?"
Lord Mark and Kügi are known for their in-depth analysis and insightful discussions around DeFichain. In their latest YouTube video, they explore the question of what exactly makes the difference between "native DeFi" and "DMC" on DeFichain. For anyone interested in the technical and conceptual aspects of DeFichain, this video is a must-see.
The video not only provides solid explanations, but also visual aids to make even complex topics tangible. So if you've always wanted to learn more about the differences and the mechanisms behind them, now is the perfect opportunity.
Check out the video and expand your knowledge about DeFichain! A great contribution to the community and a great way to dive deeper into the world of DeFi. You can find the video here:
My personal review: A journey through the DeFiChain world
The crypto space is known for their extreme ups and downs. The last year has been a roller coaster of emotions, especially for us in the #DeFiChain community.
I still remember the exact moment when I first heard about Defichain. I was just 18 years old, in the middle of 2021, and came across DeFiChain through Julian's YouTube videos. Despite initial uncertainty and the daily ups and downs of my portfolio, I was determined to understand the deeper meaning and potential of DeFiChain.
2022 was the year for me to take action. With the launch of my 'InTheMarket' podcast in September and the associated newsletter in April 2023, I wanted to start something in the community. At first I didn't know exactly what, but then I realized where my strengths lie - explaining things simply. So I started and was determined to follow through. The support I received for my work was overwhelming.
Thanks to this platform, I was able to talk to many significant figures in the DeFiChain community and learn an enormous amount. My visit to Singapore with Bake (previously CakeDeFi) has given me deeper insights into the vision and plans of this important player in our community.
Why did I stay with DeFiChain? It's the community, the uniqueness, and the confidence in the potential of DeFiChain. With each passing day, my faith and trust in this platform grows, and I look forward to all that the future holds for us, especially with the upcoming launch of #DMC.
The journey continues, and I'm excited to see where it will take us.
🎧 Dive Deeper with InTheMarket Podcast and YouTube Channel
Want to explore more about DeFiMetachain? Check out our podcast episodes on Spotify and Apple Podcasts, and don't miss our YouTube video where we discuss DMC in detail:
💬Share Your Feedback with Us
That's all for now! Thank you for being with us on this exciting journey. Don't forget to share our DeFiChain newsletter with your friends and colleagues. Let's grow this community together!
We understand that blockchain and DeFi might not be the only topics that you're interested in. In a world increasingly dominated by technology, AI and machine learning are two more key areas that are becoming ever more relevant.
If you're interested in learning more about AI, particularly on how you can effectively utilize it in your studies or content creation, you might find these two e-books helpful:
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Best regards, Peddy