Gamers and customers of IT and gaming hardware entity Razer are reportedly gearing towards entering the realm of (DeFi), via a new rewards swap program in collaboration with Cake DeFi.

Specifically, Razer is still reportedly able to keep its reputation as a household preferred brand for gamers throughout the globe, with its Razer Gold rewards program enabling gamers to earn and redeem Razer Silver points for a wide array of hardware and digital rewards, including Steam games and discount vouchers.

Cake DeFi has reportedly forged an alliance with the rewards program from Razer to make it possible for customers to turn Razer Silver points into Cake DeFi vouchers. 

This will reportedly essentially establish a bridge from the Razer loyalty program to the realm of cryptocurrencies and DeFi services.

Razer gamers are reportedly eligible to tap into Cake DeFi yield-generating services upon the introduction of the partnership, while the DeFi platform is providing discounts and sign-up rewards to new users signing up via the alliance. 

Ten thousand Razer Silver points can reportedly be converted to a $5 Cake DeFi voucher for customers. 

The conversion of vouchers into DeFiChain’s native token DFI at the market value rate will reportedly be carried out in an automatic manner. These tokens are then allocated to the Cake DeFi staking pool, which pays rewards every 12 hours to DFI stakers.

Razer’s software platform currently caters to over 175 million users throughout the globe, which utilize its package of applications to manage and customize their hardware and programs. 

The firm further offers payment services for “gamers, youth, millennials and Gen Z” through its Razer Fintech and Razer Gold services.

Cake DeFi operates out of Singapore and offers DeFi services and products to users, which mainly deal with staking services for cryptocurrency holders. The platform has generated $317 million in staking rewards since its inception up until March this year.