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Genius Yield: Cardano-powered optimizer raises $4.2 million in seed round

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Genius Yield, the decentralized exchange, and yield protocol based on Cardano have raised over $4.2 million dollars from investors within four weeks, during their first seed round, which recently closed on November 1st. Investors in this round of fundraising included Master Ventures, Genblock Capital, CSP DAO, Sneaky Ventures, Cardano Syndicate, ipor.io, Bloctech Investment Group, Kernel Ventures, Blue Node Capital, Valhalla Capital, and Oracles Investments Group.

Genius Yield is powered by the Cardano blockchain, with the aim to optimize its users’ Annual Percentage Yield (APY) and enhance the efficiency of asset allocation, and offers smart liquidity management that further enables users to generate better yields within the decentralized digital ecosystem.

I want to use my decades of experience in software development, maths, and crypto to lead our technologies and make DeFi easy to use for everyone’s development, maintenance, and constant improvement,” said CTO of Genius Yield, Dr. Lars Brünjes. “Having Genius Yield built on Cardano, a third-generation blockchain, helps with low fees and a high level of assurance, which is a key feature of our platform.” 

Genius Yield hopes to push the boundaries even further and excel in their second round of fundraising while increasing the exposure of the company as a whole, and are thrilled to have the support of large names in the venture capital space. Their next initial stake pool offering (ISPO) will take place on December 15, and presale by Q2 2022. 

Compared to other DeFi platforms, Genius Yield provides increased capital efficiency and fine-tuned control for liquidity providers, and a more flexible fee structure by first deploying a concentrated liquidity DEX similar to the uniswap V3 protocol. Users can use Genius Yield’s Smart Liquidity Management to optimize their rewards when providing liquidity.

About Genius Yield
Genius Yield is a decentralized non-custodial Automated Market Maker (AMM) and Smart Liquidity Management solution implemented in Plutus on the Cardano Blockchain. Compared to other AMM protocols, Genius Yield provides increased capital efficiency and fine-tuned control for liquidity providers, and a more flexible fee structure by applying the same principle as Uniswap 3.

Users can use Genius Yield’s Smart Liquidity Management to optimize their rewards when providing liquidity. With Cardano, Genius Yield will create a global DeFi ecosystem enriched with security, while fulfilling its dream of being a fully decentralized community.

The current DeFi world is too complex. Genius aims to simplify it for the masses by offering Genius Academy, a place where everyone is given the right set of information to learn and understand the world of DeFi. With Genius Yield anyone can reap the benefits of the DeFi world. 

For more information on Genius Yield please visit Website, Whitepaper, Medium, Twitter, Discord, and Telegram.

Disclaimer: This is a paid post and should not be treated as news/advice.

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.