Genius Yield is a decentralized, non-custodial Automated Market Maker (AMM), Smart Liquidity Management solution implemented on Plutus on the Cardano Blockchain.
In this article, we will discuss:
What is Genius Yield (GENS) token?
Genius Yield is a decentralized, non-custodial Automated Market Maker (AMM), Smart Liquidity Management solution implemented on Plutus on the Cardano Blockchain. Compared to other AMM protocols, Genius Yield provides greater capital efficiency and fine-tuned control for liquidity providers, and a more flexible fee structure, applying the same principle as Uniswap 3.
Users can use Genius Yield's Intelligent Liquidity Management to optimize their rewards by providing liquidity.
Genius Yield aims to make a cryptocurrency speculator's journey as easy as possible with fiat entry and exit ramps, as well as automated and optimized yield options to get the best possible returns from your platform. It is built in Cardano to ensure the most capital efficient trading and has a secure, peer-reviewed platform to operate.
Team behind the Genius Yield (GENS) token?
- Laurent Bellandi
- Remy Baldo
- Dr. Lars Brunjes
- Dr. Sothy K.
- Marvin Bertin
The team is made up of experts in blockchain with a lot of experience. Standing out from this team is Dr. Lars Brunjes who works for Input-Output Global and has been teaching all Cardano Plutus Pioneers how to write smart contracts (programmable validators) for most of 2021.
Plus many more community managers, marketing managers, blockchain developers and full-stack developers.
How Does Genius Yield (GENS) Token Work?
The current world of DeFi is very complex. Genius aims to simplify it for the masses. With Genius Yield, anyone can reap the benefits of the DeFi world. Additionally, security has been a significant concern for DeFi protocols. Centralized ecosystems like Binance are unable to guarantee the security of digital assets. Attacks such as flash borrowing and oracle manipulation have become common in such ecosystems because they have a centralized architecture and not-so-advanced language for developing smart contracts.
Cardano, on the other hand, offers a more scalable solution with improved security. It has its own smart contract language, which was specifically developed to facilitate the next generation of DeFi applications and therefore makes Cardano the third generation of Blockchain.
Problems and Solutions
Problems
Most DEX in DeFi are based on the Automated Market Maker (AMM) model.
- Users earn only a small percentage of the total amount of funds.
- Manually searching for more interesting rewards by providing liquidity is tricky.
- Switching to more profitable liquidity pools is time consuming.
- Manual access on all DeFi stakeout protocols.
- Exchange and deposit of guarantees.
- Exit when income is no longer attractive.
Solutions
- Genius Yield is based on the protocol Uniswap V3 (Concentrated Liquidity, Flexible Rates, Non-Fungible Liquidity, Range Order).
- Automates liquidity control.
- Selects and invests in the most suitable protocols for staking.
- Monitor and generate the best possible profits.
- Users can manage their entire liquidity bet in one place with an advanced user interface.
Genius Yield DEX
Genius Yield is a DEX created on Cardano's Blockchain. It allows projects and participants to raise funds in a truly transparent and impartial marketplace. In Genius Yield, anyone can list their native token, provide initial liquidity to set the token's price, and allow others to exchange 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 to the Cardano blockchain.
The Cardano blockchain offers dramatic and exciting improvements in terms of throughput, fees and energy efficiency. With the launch of Alonzo (Cardano's Smart Contract), it will be poised for a massive increase in economic activity and public services. As more and more native tokens are created to track and satisfy real-world value, there will be a great need for markets to trade and acquire these tokens. The above model provides a simple and scalable solution to meet these initial needs, well suited for the Cardano blockchain and positions Genius Yield to expand into more efficient and sophisticated protocols and instruments in the future.
Genius Yield's DEX protocol will include these features:
- Development with Plutus in Cardano blockchain
- SWAP Cardano Native Token – Cardano Native Token Pools
- SWAP ADA - Native Cardano Token Pools
- Concentrated liquidity
- Intelligent liquidity management
- Non-Fungible Liquidity
- Governance and Voting
Genius Yield AMM
Genius Yield is an AMM on the Cardano Blockchain that efficiently manages liquidity and all necessary activities in the DeFi digital world. In essence, AMMs are the protocols used to gather liquidity and manage demand and supply impartially. Interest rates for debtors and creditors are calculated.
The main purpose of having an AMM is to replace banks with a pre-programmed digital algorithm to promote more transparency and trust in the ecosystem. It can be understood as a group of smart contracts that perform specific functions when the appropriate conditions are met. The importance of AMM is realized when other available formulas are considered. Under most other methods, the price of a digital asset is expected to remain within a specific bandwidth, leading to impermanent losses. Therefore, AMM uses real-time data from oracles and allows users to make decisions based on accurate data as a more efficient method.
What makes Genius Yield different?
Genius Yield has key features that make things unique to the platform.
smart exchanges
Smart exchanges are similar to the order book model found on traditional exchanges. With other decentralized exchanges, you can exchange tokens immediately in DEX and instantly process your order as there is always liquidity from the liquidity pools. Still, you'll need to do this for the price and execution whenever you want. With the order book template and programmable validators (smart contracts) in Cardano, you can set the limit order you want to buy and sell and you're ready to go. It bridges the gap between the user experience on centralized exchanges and decentralized exchanges built in Cardano.
Concentrated liquidity
This feature allows Liquidity Providers to allocate cryptocurrency assets in a price range rather than a defined value. It is similar to what is available in Uniswap V3. As a result, Liquidity Providers can adjust their exposure and have more income opportunities and incur fewer impermanent losses.
Smart Liquidity Management by Genius Yield
Genius Yield's Smart Liquidity Management will be an enterprise web application with a complex database and algorithm that helps users choose a liquidity pool and optimize their rewards.
The web application will include the following functions:
- Change fiduciary exchange
- yield control panel
- Aggregator-controlled multiprotocol
- Governance and voting interface
- Proposal creation interface
Advanced data analysis techniques complement the Genius Yield algorithms. Taking advantage of these features, Genius Yield helps traders make informed decisions without the need for any manual labor.
Genius Yields offers an advanced portfolio manager with a simple and elegant user interface. Any user can quickly deposit their funds on the Genius Yield platform and view the status of deposits at any time. The interface provides a quick view of the user's portfolio with graphs and pie charts, along with several other powerful data visualization techniques.
Auto Composite
Other systems out there require you to withdraw your rewards and put them back into your liquidity pool. With an automotive compound, the system does it for you. It means that every time you make a profit, it adds it back to the system so that you continually earn more income doing nothing. Crop rewards are automatically sold and added back to your pool to earn a higher APY. Just like a bank would pay you.
Powerful Genius Wallet
Genius Yield aims to bridge this gap between traditional finance and decentralized finance. At the heart of this synergy will be the Genius portfolio, which allows direct deposit by Fiat on the ramp.
Staking
Stakeout on DeFi is different from Stakeout on blockchain. On the blockchain, staking refers to providing assurance to validate a block on the blockchain and maintain consensus. In DeFi, staking refers to depositing funds into a protocol to obtain the returns offered by that protocol.
Why Genius Yield?
For the world of DeFi that experiences disagreements in justifying, a Genius Yield introduced the possibility of optimizing users' APY and increasing the efficiency of asset allocation in the decentralized digital ecosystem.
In essence, Genius Yield is a tool that can be used with multiple trades to get the best possible profit from agricultural production. With complex and well-defined algorithms at its core, Genius yield allows its users to automate their data without the need for manual analysis and execution. Manual process is replaced by algorithmic execution based on specific characteristics such as transaction cost, demand and supply, liquidity and more.
Genius Yield is able to efficiently handle drastic changes in the provision of liquidity pools and protect users' assets. It protects users against the highly volatile market by adjusting asset allocation according to current income.
Native Cardano Tokens
Genius Yield's platform will facilitate unlimited addition of native Cardano ADA tokens.
You can create a native token with a script or with a smart contract. Everyone in the Cardano community will be able to mint their native assets in Cardano.
These assets / tokens will have all the essential functionality similar to the ADA, such as the same level of protection and security.
We don't need to use or write smart contracts or custom code to create these tokens. The logic is based on Cardano ledger rather than smart contracts. No smart contract fees are required to talk to the blockchain.
Any wallet address can be used to send and receive ADA and native tokens.
Multiple tokens can be sent in a single transaction; native tokens can be created and destroyed. Service fees, rewards and deposits will be paid using ADA only. Cardano ledger supports fungible and non-fungible tokens without specialized contracts.
Tokens have asset IDs, which include a hash of the minting policy, which is the part that is not stored in the ledger and is customizable. All tokens will be treated the same, creating a unified process.
GENS token
The GENS token is a native token of Cardano. It is a new feature that allows multi-asset transactions in Cardano. Users can transact with ADA and with an unlimited number of user-defined (custom) tokens natively.
Native tokens offer distinct advantages to developers: no requirement for smart contracts as the ledger takes on all the functionality related to the token. It extends the existing accounting infrastructure defined in the ledger model.
In addition, it offers the following use cases:
- Governance token: to give resource proposals and votes,
- Premium Features: To unlock some of the premium features, users will have to keep a certain amount of Genius Income Tokens.
The total supply of GENS tokens is 100.000.000.
What is the future of Genius Yield?
DeFi is growing and has gained notable traction. But for DeFi to grow even further, it needs to meet the needs of everyday people, not just tech savvy people. Genius Yield aims to meet the needs of both types of users, creating an easy-to-use application for everyday people and allowing users to generate the highest possible revenue in the simplest way.
The future of DeFi is driven by the aggregator and Genius Yield is at the forefront of that future. Genius Yield, being a multi-protocol aggregator, embraces a broader market for users. Rather than offering a choice between protocols, Genius Yield allows users to choose the desired yield output by removing protocol limitations. Genius Yield's advanced algorithms automatically allocate assets into multiple liquidity pools in the Cardano ecosystem using various techniques.
The Genius Yield Aggregator will be launched on the Cardano Blockchain, thus creating the next generation of DeFi. Leveraging Cardano's scalable and secure blockchain, the Genius Yield algorithm automatically increases the intensity of interactions. It allows transactions to switch from one protocol to another, constantly improving APY. The future of Genius Yield includes support for several protocols prominent in the Cardano ecosystem
Is Genius Yield worth investing in?
While DeFi offers many investment opportunities, capital management is complex and time-consuming. Genius Yield is your all-in-one solution to benefit from advanced algorithmic trading strategies and income optimization opportunities. The smart liquidity management protocol is intuitive, uncomplicated and secure. Genius Yield minimizes risk and maximizes profits.
Having said that, before making any investments, do your research, investing in cryptocurrencies is highly risky and speculative, and this article is not a writer's recommendation to invest in cryptocurrencies.
Conclusion
Genius Yield with its artificial intelligence and automated trading is an important item for the world of decentralized finance (DeFi). Using technology to get the best possible returns for users who know very little about DeFi is a critical step in integrating more and more users into the ecosystem.
Disclaimer of Liability : PortaCripto is a news portal and does not provide any financial advice. PortaCripto's role is to inform the community about cryptocurrencies and what is happening in this space. Do your own due diligence before making any investments. PortaCripto will not be responsible for any loss of funds.
