Cake DeFi is a Singapore-based fintech platform which provides easy access to Web3 and DeFi services for users and businesses all around the world in the most user-friendly and transparent manner. As Southeast Asia's fastest growing fintech platform and global CeDeFi leader, Cake DeFi has attained all-time high growth in terms of customers, deposits and payouts due to its rigorous business model of recurring revenue.
As Cake DeFi is a CeDeFi platform, its assets associated to the staking nodes are not included for the purposes of the TVL calculation. In this case, there are approximately $85m in DFI chain (nodes), and around $5.98m in ETH chain (nodes) as of 28 November 2022. The calculation methodology are as follows: DFI: 9511 (nodes) * 20K (collateral per node) *$0.45 = $85.6M. ETH: 170 * 32 *$1100 = $5.98M. Cake DeFi publishes information on all its nodes on its Transparency page here: https://cakedefi.com/transparency.