Genius Yield is introducing its ISPO: Stake your ADA, support new projects, and obtain tokens from new projects.
Genius Yield is a DeFi asset management solution built on the Cardano blockchain that aims to provide users with superior yield optimization and high returns. Genius Yield has created an AI-powered Smart Liquidity Management protocol that automates asset allocation to maximize users’ annual percentage yields (APYs) while minimizing risk exposure.
High capital efficiency is achieved by leveraging a concentrated liquidity DEX, which is functionally similar to Uniswap V3, but has been completely redesigned from the ground up to take full advantage of Cardano’s UTXO-based ledger.
While DeFi offers numerous investment opportunities, most users find capital management to be both complex and time-consuming. Genius Yield is an all-in-one solution that allows users to benefit from advanced algorithmic trading strategies on an easy-to-use, hassle-free, and secure platform.
Genius Yield was created to address the complexities associated with navigating yield opportunities in DeFi. Its mission is to democratize DeFi for everyone by providing best-in-class AI-powered automated liquidity management.
The platform was designed to cater to both sophisticated and novice DeFi users in the spirit of financial inclusion. We at Genius Yield believe that knowledge is power. This is why we founded the Genius Academy, a community-driven educational and mentoring platform that teaches DeFi concepts and assists everyone on their path to financial freedom.
What exactly is an ISPO?
An ISPO is a ground-breaking new fundraising mechanism that is more equitable, inclusive, and secure. It is a one-of-a-kind and inclusive financing tool that enables the community to support their favorite project without investing their own assets, but rather by leveraging Cardano’s native reward incentive structure.
How can you earn GENS tokens by delegating ADA? The Cardano community can help Genius Yield’s development by participating in the ISPO and earning GENS protocol tokens. Users must use their wallets to delegate their ADA to Genius Yield’s stake pool in order to do so (e.g. Yoroi and Daedalus).
An ISPO is an excellent way for DeFi initiatives to distribute tokens in a fair and decentralized manner while gaining community support. Delegators are not at risk because, unlike IDOs, they do not have to spend their ADA to obtain protocol tokens.
Furthermore, ISPOs are only available on the Cardano blockchain due to its superior and unique Proof-of-Stake design. Genius Yield is committed to fully implementing Cardano’s protocol, which includes a rigorous and UTXO-first approach to product design and development.
Genius Yield believes that ISPOs have the potential to re-ignite the PoS blockchain ecosystem by providing benefits to all parties involved. Because the majority of the crypto community has witnessed the many hollow promises of the 2017–2018 ICO era, as well as the risks associated with IODs, the new ISPO model has a chance to earn their trust.
Investors will be able to support projects they care about without fear of losing money as more crypto projects turn to ISPOs for funding.
Genius Yield ISPO fundamentals
- Date of commencement: December 15th, 2021
- The deadline is June 15th, 2022.
- $GENS Prizes: GENS = 10 MILLION
- Running for 36 epochs (1 epoch equals 5 days)
- Following the Token Genesis Event, accumulated $GENS rewards will be airdropped to the delegator’s wallet (time of minting).
ADA holders can use the Daedalus or Yoroi wallets to delegate funds to a stake pool in exchange for staking rewards. To participate in the ISPO, simply delegate to one of Genius Yield’s stake pools. In exchange, you will receive GENS tokens based on the amount of ADA staked and the length of staking. More information can be found in our ISPO documentation.