Decentralized finance, a furiously emerging economic discipline, has been brought into the spotlight by blockchain technology. A vital issue for the most credible challenger networks facing the giant Ethereum. Among these budding champions, Cardano is one of the favourites. Has the protocol, determined to take advantage of the attraction of DeFi, finally found its feet?
Cardano’s power deserved an optimized DeFi
At this time, contributing to the liquidity pools of a decentralized money market is probably the most efficient way to get high returns on your capital. Thanks to its new kind of financial products, DeFi is becoming the go-to for investing in the crypto sector, and beyond.
A must-have that the quest for credibility is imposing on the ecosystem of decentralized champions, Cardano in the lead. Taking into account the difficulties encountered by investors, and past experiences, Genius Yield now proposes to reconcile the complex, dynamic and changing world of DeFi with the simplicity required for mass adoption, thanks to the secure and innovative infrastructure offered by the 3rd generation blockchain.
Genius in your smartphone
Genius Yield is the perfect blend of a clean interface and powerful algorithms that speak in the background. Providing a transparent and highly customizable environment for DeFi investors, the app promises to help drive profit and maximize returns. Increased efficiency that takes advantage of a fee structure using the same “NFT” principle as the popular Uniswap v3 platform, for better control of your spending.
Genius Yield’s algorithms are complemented by advanced analytics and data visualization tools to enable users to make informed strategic choices without the need for time-consuming external research. The application will automatically work to move your funds between different liquidity pools and generate the highest return with the lowest risk, based on factors such as your personal investment and diversification appetite, transaction cost, token type, and more.
The result is a wallet that is nothing less than a true decentralized exchange (DEX) leveraging Cardano’s infrastructure to offer an order book, without keeping your personal information, secure and above all extremely complete, since it allows (non-exhaustive list):
- Deposits and withdrawals in fiat currencies and multi-chain crypto-currencies
- Natural swap of various coins with Cardano’s native token, ADA, through multiple liquidity pools.
- Increased liquidity concentration.
- Non-fungible liquidity pools, such as Uniswap V3, which promotes and benefits from the “NFT-ization” of the DeFi sector.
- A clear, adaptive and reasonable fee structure.
- Automation of the optimization of yield farming strategies to the highest degree.
- Configurable auto-reinvestment.
- Numerous advanced features, such as dynamic fund management to optimize your rewards as a liquidity provider, to be activated by staking the protocol’s native token, the $GENS.
Increased security, increased responsiveness
DeFi ecosystems that are still too centralized such as Binance and its proprietary Binance Smart Chain (BSC) blockchain frequently fail to protect their users’ assets. Incidents such as flash-loans and oracle manipulation have become common, enabled by the lack of decentralized protocols and outdated smart contract programming languages.
The team naturally chose Cardano, which offers an adaptable and interoperable solution much more adapted to these problems, combining the Ouroboros proof-of-stake structure with its own native and evolving language, Plutus. An open-source, multi-layered bias at the crossroads of Bitcoin and Ethereum’s architectures gives the entire architecture uncommon resilience and speed, specifically developed to facilitate the next generation of DeFi applications.
“I want to use my decades of experience in software development, mathematics, and crypto to lead our technologies and make DeFi easy to use for development, maintenance, and constant improvement for everyone. The fact that Genius Yield is built on Cardano, a third-generation blockchain, contributes to low fees and high security. These are key features of our platform.”Genius Yield CTO Dr. Lars Brünjes.
DeFi’s preferred solution for young and old?
In an initial private fundraising round during October, the company was able to raise more than $4.2 million from major industry investors, led by Master Ventures, Genblock Capital, CSP DAO, Kangaroo Capital, Sneaky Ventures, Cardano Syndicate, Darren Camas (CEO of IPOR Labs), Bloctech Investment Group, Kernel Ventures, Blue Node Capital, Valhalla Capital, and Oracles Investments Group, to name a few…
Riding this first wave of institutional hype, Genius Yield is looking to find a second wind and is going for a second round of funding. This is an opportunity for the company to forge new strategic partnerships as MAESTRO’s specialists join the adventure. They will use their expertise in technology and pedagogy to facilitate and fluidify this round of financing by deploying the necessary staking pools.
Thus, their next Initial Stake Offering (ISPO) will take place from December 15, and the public pre-sale in the second quarter of 2022. A time the team intends to use to increase the exposure of the company as a whole, counting on the assertive support of all these big names in the venture capital space.
As you’ve probably noticed, the DeFi world is still too complex. Genius aims to simplify it through its protocol, but also through an original educational initiative: the Genius Academy.
A step that proves, if it were still necessary, the company’s will to offer the world the opportunity to reap the benefits of DeFi. Who knows, Genius Yield may be laying the foundation stone for what may be the global DeFi ecosystem, finally secure, decentralized and simply accessible to all.