Too Long; Didn't Read
Cake DeFi just published and details the progress the company made in the quarter. The platform reported 58 million in payouts and average weekly user growth of 3.25% in the second quarter. In 2021, its user base grew tenfold and has paid out $375 million in rewards to its users since its inception. Cake manages over a billion dollars in client assets and has at least four years of runway. It makes sure that customers' assets are kept separate from the company's operating accounts.