Satoshi Club
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Satoshi Club

Genius Yield ($GENS)

Genius is simple and you will see this today by getting acquainted with the incredible Genius Yield project.

For the world of DeFi experiencing divergence in yields, Genius Yield has introduced the possibility of optimizing the users’ APY and enhancing the efficiency of asset allocation in the decentralized digital ecosystem.

In essence, Genius yield is a tool that can be used with multiple exchanges to gain the best possible profit from yield farming. Having complex, well-defined algorithms at its core, Genius yield allows its users to automate their yields without the need for detailed analysis and manual executions. The manual process is replaced by algorithmic execution based on specific characteristics such as transaction cost, demand and supply, liquidity, and more.

Genius Yield is capable of efficiently handling the drastic changes in the supply of the liquidity pools and protecting the users’ assets. It safeguards the users against the highly volatile market by adjusting the asset allocation according to the current yield.

Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market.

So let’s take a closer look at the Genius Yield project.

1. The obvious choice

Usually, choosing a blockchain for a project is one of the fundamental conditions for its success. Genius Yield’s choice is based not only on current benefits but also on prospects, which once again emphasizes the long-term vision of the project.

Cardano is a decentralized third-generation proof-of-stake blockchain platform. While it shares characteristics and applications with other blockchain platforms like Ethereum, Cardano is the first blockchain platform to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

From a plethora of blockchains available in the market, the decision to select Cardano has been made because Cardano has the potential to become the de facto blockchain platform for the financial world.

Cardano’s efforts and core principles are aligned with Genius Yield’s goal of making DeFi available for the masses.

With Cardano, Genius Yield will create a global DeFi ecosystem enriched with security and authenticity.

By using Cardano, Genius Yield will be able to fulfill its dream of being a fully decentralized community.

Cardano’s main reason has been founded to eradicate the complications of existing blockchain platforms in terms of scalability and security.

The project was initiated in 2015 by Input-Output Hong Kong (IOHK), a company managed by Ethereum Co-Founder Charles Hoskinson 2015.

Cardano was conceptionally designed to facilitate DeFi for the masses. It allows developers to build scalable and secure applications quickly with Cardano’s native governance token ADA powering seamless financial transactions.

Cardano currently has a market capitalization of more than $73 billion, making it one of the largest decentralized networks in the world.

The main reason why Cardano offers Genius Yield a perfect DeFi ecosystem is its outstanding technical features.

Cardano’s Settlement Layer (CSL) allows the secure transfer of ADA between accounts. This is further complemented by Cardano’s Computational Layer (CCL), the smart contract logic layer that dictates the transfer of assets.

The consensus applied by Cardano is the Ouroboros protocol. From the decentralization perspective, Cardano is maintained by separate organizations eradicating the chance of monopoly or manipulations.

Additionally, the Alonzo upgrade is en route to placing Cardano on the map of the DeFi revolution. It will enable developers to build smart contracts on Cardano.

Alonzo has been released in September 2021, which is why Genius Yield is committed to being one of the world’s first projects that is powered by Alonzo.

2. Simple solutions to complex problems

To this day, the DeFi world remains too complex even for experienced users, not to mention beginners. Processes are sometimes complex or lengthy. Here is a list of the main problems that Genius Yield is solving:

Users earn only a tiny percentage of the total amount of funds.

Manual searches for more exciting rewards when providing liquidity is cumbersome.

Switching to more profitable liquidity pools is time-consuming.

Manual access on all DeFi staking protocols.

Swap and deposit collaterals.

Exit when the yield is not attractive anymore.

Genius Yield’s Solutions

Genius Yield is based on Uniswap V3 protocol (Concentrated Liquidity, Flexible Fees, Non-Fungible Liquidity, Range Order )

Automates liquidity staking.

Selects and invests in the most appropriate protocols for staking.

Monitors and generates the best possible profits.

Users can manage all their liquidity staking in a single place with an advanced UI.

Well, it’s time to look at the Genius Yield DEX and Genius Yield AMM in detail for a better understanding of their performance model.

Decentralized Exchange (DeX)

Genius Yield is a DEX built on the Cardano Blockchain. It allows projects and participants to raise funds in a truly transparent and unbiased market.

On GeniusYield, anyone can list their native token, provide initial liquidity to set the token price, and allow others to swap their native token for other assets listed on the platform.

In return, swappers pay a small fee, and liquidity providers earn a return on their deposits. This and future white papers will outline an initial product modeled after the protocol popularized by Uniswap, with several innovative adaptations for the Cardano blockchain.

Genius Yield’s DEX protocol will include these features:

Development with Plutus on Cardano blockchain

SWAP Cardano Native Token — Cardano Native Token Pools

SWAP ADA -Cardano Native Token Pools

Concentrated Liquidity

Smart Liquidity management

Non-Fungible Liquidity

Gouvernance & voting

Voting & Governance

Genius Yield AMM

The Genius, an automated market maker, is the decentralized money market on

the Cardano Blockchain efficiently manages the liquidity as well as all

required activities in the digital DeFi world.

In essence, AMMs are the protocols used to pool liquidity and manage demand

and supply unbiasedly. The interest rates for the borrowers and lenders are

calculated.

A prime objective of having an Automated Market Maker is to replace the banks

with a digital pre-programmed algorithm to enable more transparency and trust

in the ecosystem. It can be thought of as a group of smart contracts that

execute specific functions when appropriate conditions are met.

Behind Genius’ advanced approach :

– Concentrated Liquidity

– Multiple fee tiers

– Non-Fungible Liquidity

– Flexible Fees

– SWAP Cardano Token

3. The benefits don’t end there

here are never many benefits. Therefore, for the convenience of users, Genius Yield added Genius Wallet Changelly Swap Connectivity.

Genius Yield understands the gap in the current market and aims to bridge that gap by connecting the traditional financial world with the decentralized financial world. At the center of this synergy will be the Genius Yield Wallet that allows crypto deposits and FIAT deposits. Like any other cryptocurrency wallet, the Genius Yield Wallet is enhanced with security and enables fast deposits and withdrawals. It is a non-custodial wallet which means that it will truly decentralize the ecosystem. Being non-custodial, the platform will have no control over the user’s assets, but users have complete control over their assets.

Changelly is a non-custodial instant crypto exchange that does not hold its users’ funds on exchanges or in cold storage. Founded in 2015 and headquartered in Malta, it offers several pair exchange rates and fast transactions. Therefore, many businesses have integrated instant crypto swap features through the Changelly API. Changelly uses an automatic trading robot that integrates with some of the largest trading platforms, including Poloniex, Binance, and Bittrex.

Changelly’s mission is to make the exchange process seamless for everyone who wants to invest in cryptocurrency.

At Genius Yield they want users to buy crypto with Fiat with credit or debit cards and swap it directly in the Genius Yield application.

Therefore, Genius Yield will integrate Changelly API.

In order to use the Changelly exchange to buy with a credit or debit card the first step the users must do is to open an account by providing a valid email address.

After an account has been created, the users need to select a fiat currency. Currently, Changelly accepts USD, GBP, and EUR. As part of Changelly’s KYC procedure users must provide a scan of either their driver’s license or passport. Additionally, a selfie may also be mandatory, although the required documents may differ depending on the user’s domicile.

It’s worth noting that a third party, not Changelly, actually clears all credit and debit purchases. The Changelly exchange merely connects the user with a reliable payment processor.

5. It’s never too late to learn

Genius Yield Academy is a place where everyone is given the right set of information to learn and understand the world of DeFi. DeFi concepts like an automated market maker, liquidity pool, curving bonds, and oracles may be overwhelming for many people, which is why DeFi is unable to reach mass adoption.

Genius Yield does not only intend to make DeFi easy but also to make DeFi understandable for everyone. Therefore, at Genius Yield’s Academy, visions of thought leaders, blockchain experts, and the Genius Yield team are available to users to help them understand the true wonders of DeFi.

Furthermore, the Academy is segregated into different sections based on languages, level of users such as newbies, and advanced trading videos that can be useful for expert traders. This segmentation allows a more friendly environment customized to the needs of the user.

4. Who makes dreams come true

Behind every successful project is always a team of professionals who work as a coordinated mechanism. Genius Yield can boast of being able to create such a mechanism, and we are happy to introduce our readers to their team. The team behind the Genius Yield project comprises industry experts, veterans, and an experienced group of developers.

Laurent Bellandi: Managing partner

https://www.linkedin.com/in/laurent-bellandi

Remy Baldo: Association Member

https://www.linkedin.com/in/https://www.linkedin.com/in/r%C3%A9my-baldo-678a0a15a/

Dr. Sothy Kol-Men: Managing partner

https://www.linkedihttps://www.linkedin.com/in/mssassi/n.com

Dr. Lars Brünjes: Partner & C.T.O

https://www.linkedin.com/in/https://www.linkedin.com/in/dr-lars-br%C3%BCnjes-1640993b/

Marvin Bertin: Partner & Chief Scientific Officer (CSO)

https://www.linkedhttps://www.linkedin.com/in/marvinbertin/

Michael White: Blockchain Architect

https://www.linkedin.com/in/michael-white-4a4610185/

Of course, these are not all team members, you can get to know the team members in more detail by visiting the Genius Yield website and the project’s social channels.

5. Smoothly engine

Our story would never be complete if we overlooked one of the fundamental parts of the Genius Yield project — the $GENS token!

The $GENS token will be the engine of all their products and services, and its function will go far beyond the governance of the protocol GeniusYield

$GENS token is a Cardano native token.

Native token is a new feature that enables the transacting of multi-assets on Cardano. Users can transact with ADA, and with an unlimited number of user-defined (custom) tokens natively.

Native tokens offer distinct advantages for developers: there is no need to create smart contracts to handle custom tokens since the ledger takes all token-related functionality.

The native tokens feature extends the existing accounting infrastructure defined in the ledger model.

$GENS are the native tokens of the Genius Yield Protocol. These tokens can be used to open an account at Genius Yield and start earning optimized yields. $GENS will be available on all top exchanges.

The $GENS also acts as a governance token, and anyone holding $GENS is part of the decision-making of the platform upgrades. Users can create proposals and vote on proposals by staking or holding $GENS.

The Genius Yield ecosystem enables users to earn a significant passive income. All $GENS holders will get a reward. The 20% of the transaction fees on the platform will go to $GENS holders.

6. Life is full of events

The life of Genius Yield is full of events, so their users always stay in shape and every day they are convinced of the correctness of their choice. Here are just some of the latest developments.

– To celebrate the launch of its ISPO Genius Yield is organizing a big Winning contest! Enter the contest here : https://bit.ly/ISPO_Contest

– Genius Yield is excited to announce that MAESTRO stake pool is their official ISPO partner. Their team of experienced engineers will deploy and operate Genius Yield’s stake pools and keep their ISPO running smoothly.

– Ledgity Announced Partnership with Genius Yield

7. Conclusion

If I were asked to formulate my impressions of the above project in one sentence, it would sound like this — It’s easy to be a genius with Genius Yield.

DeFi is booming and has gained remarkable traction. But, for DeFi to grow further, it needs to support the needs of ordinary people, not just tech-savvy ones. Genius Yield aims to meet the needs of both types of users by creating an application that is easy to use for ordinary people and by allowing users to generate the highest possible yield in the simplest manner.

The future of DeFi is aggregator driven and Genius Yield is at the forefront of this future.

8. Social channels

Genius Yield’s Website

https://www.geniusyhttps://www.geniusyield.co/

Genius Yield’s Telegram

https://t.me/geniusyield_official

Genius Yield’s Medium

https://geniusyield.medium.com/

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