Razer’s rewards program has announced a strategic partnership agreement with Cake DeFi. The partnership will allow players and customers to redeem their points for decentralized finance (DeFi)-focused tokens.
Razer partners with Cake DeFi
Razer, an IT and gaming hardware company, is poised to allow gamers and customers to venture into decentralized finance. The company will work using a new rewards trading program alongside Cake DeFi.
Razer is one of the best gaming platforms in the world. The Razer Gold Rewards Program allows gamers to earn and redeem Razer Silver Points. Rewards can be redeemed for physical and digital rewards such as Steam games and coupons.
Cake DeFi works with the rewards program offered by Cake DeFi to allow customers to easily convert Razer Cash Points into vouchers that can be used on Cake DeFi. This will provide a bridge supporting the Razer loyalty program and bringing it into the cryptocurrency and DeFi sector.
Razer gamers will receive exclusive access to the yield-generating service offered by Cake DeFi upon the launch of the partnership. The DeFi platform will also offer discounts and other rewards that will be granted as soon as users sign up to the platform as a result of this partnership.
Customers with 10,000 Razer Silver Points rewards will receive a voucher worth $5 from Cake DeFi. Vouchers can be automatically converted using the market value rate of DFI, the native token of the DeFiChain ecosystem. The tokens will be allocated to the Cake DeFi staking pool which will issue rewards every 12 hours to DFI stakingrs.
Bringing the game into DeFi
The gaming industry has been greatly transformed by blockchain technology. Blockchain gaming platforms using game models to earn have seen a surge in users as they enable the conversion of game tokens into real money.
Razer’s recent move marks an innovative way to bring the gaming industry into the DeFi space. The Razer Software Platform has over 175 million users worldwide who use its application packages to manage and configure hardware and programs.
The company offers payment services targeting gamers, youth, millennials and gen Z. Cake DeFi, a company that operates in Singapore. It provides DeFi services and products to users focused on staking services for cryptocurrency holders. The platform has also offered $317 million in staking rewards since its launch earlier this year.
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