Who is eligible to participate in this service?
This service is available to all Bake users that have been verified as KYC Level 1 and above, except for citizens and residents of Singapore. Users of these countries will also not be able to access.
There may be additional restrictions placed on specific tokens for specific countries.
Token | Supported Locations |
USDC | All |
USDT | All except for countries within the European Economic Area region |
How do I participate?
You will be able to find our Lending service under Discover → Earn.
Tap on Lending and you should be able to see the tokens you’ve access to.
Tap onto the token and input the amount you want to subscribe to the Lending service. You will be able to subscribe up to the maximum amount of your idle balance. Review your order and then confirm to subscribe.
Your order should be placed successfully and will be pending, until the next batch starts. Should you wish to edit your order, you can cancel it and place again.
If you wish to redeem your existing shares, you may follow the same process by finding your processed orders under Portfolio → Earn, and then place a redemption request. Your order will be processed on the date and time indicated in your product.