Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.
This move, which Cake DeFi says it provides another crypto on-ramp for those looking to enter the crypto space, comes shortly after the Ethereum network’s long-promised shift from an energy-intensive proof-of-work consensus mechanism to proof of stake.
The ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum…
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