Stake.Cafe’s Mission
“ Fulfillment through enriching others ”
Our vision is to leverage the innovations and the passion we have for this space, to bring good to the world. Even if we don’t fully succeed, we want to be a catalyst for this change in the crypto space.
If you’ve read our medium articles, hung out on our Telegram, or browsed our Twitter, you may have realized that we’ve taken a different approach to the DeFi Yield Farming movement.
This may be common knowledge now, but there are many Yield Farming projects. There are some great projects out there with innovative use cases around insurance, DEX’s, cross-chain swaps, and NFTs. Many projects that surfaced since 2021 have been based solely around high yield farming and introduced strong deflationary measures to signal to their investors and stakers that they’re in it for the long haul. However, many projects don’t have such intentions and we’re here to change that.
In this article, we want to talk about why we chose our use case. Before this pandemic started, @Whipped Cream and I (@Dark Roast) were software professionals who lived quite normal lives. What we had in common was we’ve been passionate about blockchain since 2016. We’ve worked on side projects mainly focused on how the blockchain can implement strongly-secure, fully transparent, and fraud-proof systems in the High Tech and Healthcare Industry. We consulted with industry professionals on how to optimize systems to drive higher revenue and reduce costs. Our mindsets were fixed solely on how to optimize businesses.
Then the fire nation attacked, I mean Covid-19 hit, and that shifted the world as we knew it. We have seen those dearest to us impacted by this tragedy. Businesses shuttered, unemployment rose, health negatively impacted, and many more unprecedented events happened. Many industries fell to its knees, except a few. The software industry that @Whipped Cream and I are in blossomed tremendously!
In that sector, wealth grew parabolically. The tech sector already minted the most billionaires in the past 10 years, but this pandemic accelerated this growth precipitously. The wealth of the elite grew 1.3T USD since Covid-19 started. Some say these people deserved it, some say they don’t, but we are not here to argue that. As a matter of fact, many software professionals benefitted from this growth. We can’t deny that internet companies like Zoom added immense value to allow businesses to continue operating remotely - kudos to them! We also saw capital markets rise to all time highs. Bitcoin, Ethereum, and other top coins had reached all time highs as well. This was a booming time for those who had the capital or knowledge to invest. Things can’t be that bad… right?
Things may have seem rosy for those of us who were fortunate and well-positioned. However, many weren’t. Many businesses were forced to shutter, schools were forced to close, and people couldn’t afford basic necessities. We personally had those around us who were negatively impacted.
Now, how does this tie back to our mission?
Even during these times, many of us in the Crypto-space, specifically DeFi, benefitted.
For @Whipped Cream and myself, we were privileged enough to take advantage of the capital markets’ rally and this was when we were truly introspected. We saw many projects, especially using DeFi’s yield farming use cases, see astronomical rises with high APYs. In other words, it was basically printing money. On the flip side, we saw how many families, businesses, and organizations were suffering to even pay utility bills. Of course, it’s easy to tell someone to “just invest”. However, there is much more to “just investing” than meets the eye. Please read here for reasons why people don’t want to invest, especially when they’re in desperate situations due to Covid-19.
We brainstormed for weeks on how to translate our blockchain experience from helping businesses optimize to helping entities-in-need generate wealth that they need.
This was how Stake.Cafe started — a virtual meeting over a cup of coffee. We thought, “Hey, yield farming is trending and is generating ungodly amounts of returns for those who are already familiar with this space. What if we can leverage those returns and help those entities-in-need? This way we can introduce crypto in a positive light to those who think otherwise.” Of course, there are bad players in any space, especially a not-as-regulated space.
We consulted with few professionals and researched Yield Farming thoroughly. We discussed roadmap, marketing, design, community-growth, and logistics… and finally decided on the different phases (read this article for more) of Stake.Cafe.
Our vision is to leverage the innovations and the passion we have for this space, to bring good to the world. “Again with this philanthropic stuff? It’s not going to work!” We hear these a lot, but we want to change that mindset. Even if we don’t fully succeed, we want to be a catalyst for this change in the crypto space. (More on this next time).
This article has gotten long, but hope you all understand the rationale behind creating Stake.Cafe. Hope you all can help us in contributing to a better future for entities-in-need, as well as the crypto-space!
Please join us on Telegram! https://t.me/stakecafe
