The holiday season is here and the new year is just around the corner. To those of you who are looking for some inspiration, we’re bringing you the story of Genius Yield, the all-in-one DeFi platform looking to provide real-world utility and bring DeFi to everyone.
Read along to know more about their story.
Decentralized Finance (DeFi), which allows users to carry out complex financial transactions such as lending, trading, and derivatives without a centralized intermediary, has opened up the global financial system to billions of people around the world. The growth of DeFi has been remarkable, growing from $500,000 USD in 2019 to over $200 billion USD in 2022 when measured in Total Value Locked (TVL).
The inspiration behind Genius Yield is bringing DeFi to everyone. Genius Yield is the all-in-one DeFi platform that is delivering the first concentrated liquidity decentralized exchange (DEX) with an automated yield optimizer.
The Genius Yield platform will contain a concentrated liquidity DEX that uses the order-book model. Unlike the Automated Market Maker (AMM) model used in many DEXs like Uniswap, the Genius Yield maximizes the power of Cardano’s EUTxO system by using the order-book model, which eliminates the impermanent loss caused by the constant product formula in AMM DEXs. The Genius Yield order-book model will also allow users to do more complex orders, such as limit orders and stop-loss orders. For users seeking to maximize yield as a liquidity provider, the concentrated liquidity feature on the Genius Yield platform will let users maximize their profit by limiting the usage of their usage to probable price ranges on token pairs.
The second product is a yield optimizer tool called “Smart Liquidity Vault”, that will use complex AI-powered trading strategies to optimize yield based on each user’s return and risk preferences. Smart Liquidity vaults implement complex trading strategies using Smart Swaps, which are order types with programmable logic that utilize dynamic orders based on data like Bollinger Bands and algorithmic orders that combine multiple order types. Want to automate a dollar cost averaging strategy and have your funds auto-rebalance to a target allocation? Users can deposit their funds into Smart Liquidity Vaults to passively earn yield.
While the goal of Genius Yield is to bring DeFi to everyone, we aim to provide real-world utility. DeFi suffers from a lack of secure platforms to use and the inability of users to efficiently manage capital effectively. Genius Yield is developed in Plutus, a Haskell-based functional programming language used to build high assurance applications and minimize errors.
DeFi provides many opportunities to get yield, lending out your crypto for interest or providing your crypto as liquidity on a DEX to collect trading fees. The problem with DeFi is that many people don’t have the skill or knowledge to maximize yield through these opportunities. Genius Yield is the solution. The Genius Yield, with concentrated liquidity and Smart Swaps, provides beginner or expert crypto owners maximum flexibility on how they trade digital assets or provide liquidity. For users who just want to passively gain income, Smart Liquidity Vaults will manage their liquidity to maximum yield based on their risk preferences.
Genius Yield is unique in that it will be DeFi’s first concentrated liquidity order-book platform with a decentralized exchange and yield optimizer. Compared to decentralized exchanges that have copied Uniswap’s AMM model, Genius Yield has been built to fully utilize the power of Cardano’s EUTxO model to provide greatest use for traders and liquidity providers. The platform will be accessible both to beginners and seasoned traders.
Smart Liquidity Vaults are algorithmically automated yield optimization solutions that utilize Smart Swaps to create trading strategies that optimize return while minimizing risk exposure.
Another key feature of the Genius Yield platform is the Smart Order Router (SORs). SORs automate the scanning, matching, and processing of orders on the Genius Yield platform. While some DEX use centralized order batchers with closed-source technology, Genius Yield will open-source the technology for SORs so anyone can run their own SOR bot. We believe open-sourcing SORs for the community reflects the true ethos of decentralization that public blockchains are built on. In addition, SORs only profit from arbitrage opportunities from the bid/ask spread of assets trading on the Genius Yield. As Genius Yield platform’s volume increases and SORs compete to execute orders, traders will experience lower cost as the bid/ask spread tightens on token pairs.
$GENS is the utility token and governance token of the Genius Yield platform. By staking your $GENS in the $GENS staking program:
Cardano is one the biggest public decentralized blockchains in the world. There are around 3,000 stake pool operators all over the world who secure the network by validating and executing transactions. Cardano uses the Extended Unspent Transaction Output (EUTxO) model, similar to Bitcoin’s secure UTxO model, but adds smart contract capability. The model is fundamentally different from the account based model that is used by Ethereum and others. The EUTxO model gives users transaction determinism, meaning they can validate transactions and know the transaction costs before submission. Since EUTxO has a fragmented ledger state, applications can be parallel, allowing many transactions to run at the same time. The smart contract language of Cardano, Plutus, is a functional programming language based on Haskell, which allows users to make more secure, high assurance applications. Cardano also lends itself to scalability as transaction computations are done off-chain.
These are just some of the benefits we believe will make Cardano a top blockchain for users and developers seeking a secure and scalable blockchain.
We recently completed the $GENS public sale and have started the GENS staking program. Along with these milestones, we just introduced the Genius Yield Staking dApp, which allows to stake $GENS tokens. In January 2023 we’ll add staking NFTs possibility. In the first half of 2023, we plan to bring version one of the Genius Yield platform to mainnet. In the second half of 2023, we’ll introduce the Yield Dashboard and Genius Pay wallet.
While we can’t predict the future, we plan on Genius Yield being a premier DeFi platform for beginners and experts around the world who want to trade their digital assets, passively earn income, or learn more about crypto.
Stay tuned on Cardano Spot for more inspirational stories from various Cardano projects.
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Very helpful information. More and more I see how inter-related we all are, and the energy of dynamics between us on Cardano Spot. The excellent human support on Genius Telegram is also much appreciated.