Crypto bridges like Quantum enable direct transfers from Ethereum to DeFiChain, unlocking access to emerging opportunities in decentralized finance and beyond. By bypassing centralized entities (CEXs), these technological gateways promise more seamless interaction across blockchain ecosystems.

Where might this infrastructure lead you?

Let's explore it in this article:
👉 https://blog.defichain.com/what-are-crypto-bridges-and-how-do-they-work/

⚠️ All dBTC/BTC are backed 1:1

To provide further clarity on recent commentary relating to $DFI and dBTC transactions on Bake.

The Cake Group has accumulated approximately 1,664 dBTC just over the past two years, primarily as a result of giving BTC to customers who converted dBTC to BTC on Bake. Instead of giving them BTC from the backing address, we gave them BTC from our own profits. This is roughly 70mil USD at current prices that the Cake Group shows as a commitment to the community.

You can find these dBTC here: https://defiscan.live/address/df1qhvp08dsdkmwexg9vehq8ss8kcfsx2wcmpxjmm4cc6n4qpuzvngxstd742n

Once again, we highlight that customer funds deposited into Bake are backed, 1:1. You can check this via the Proof of Reserves transparency page: https://app.bake.io/proof-of-reserves

Cake Group also holds the coins it wraps for DeFiChain 1:1. Cake Group is not responsible for coins created/wrapped for DeFiChain by other parties.

The Bake Team

📣 Just 8-Hours Left in Our Community Rewards Campaign!

The countdown is on - there's just 8-hours remaining for a chance to win part of the first round of 1,000 DFI prize pool in our community campaign.

Complete various quests over this final week. The number of activities you participate in will determine the amount of raffle entries you receive.

So if you haven't signed up yet, now is the time. And if you have already started contributing, make these last few hours count towards accumulating additional entries.

The more involved you are, the greater your odds for winning a share of the prize money when winners are announced on 7th February.

Take advantage of this opportunity while it lasts - click below to get started earning entries before time expires 👇

https://gleam.io/WC6KA/community-reward-campaign

First Part of DeFighters Gleam-Campaign - What a turnout 🚀

Thanks to all the 10,000 participants of the gleam campaign. We were overwhelmed by the enthusiasm and engagement from the community over the past two weeks.

We hope to see you all again next week when we kick off the second phase of the Community Reward campaign with even more opportunities to earn rewards.

The 5 winners of the first phase of the gleam campaign will be announced on February 7th, so make sure to check back then to see if you’re one of the lucky winners.

Thanks again to everyone who participated and helped make this campaign such a success!

We can’t wait to do it all over again next week with phase two!