- Genius Yield using Cardano’s EUTxO system to release first order-book DEX with a yield optimizer
- ADA holders can delegate their stake to any of the four official Genius Yield Stake Pools
Challenges around scaling that result in high gas fees are well-documented and prevent the adoption of trustless solutions. Cardano and other modern blockchains have emerged as reasonable alternatives to Ethereum.
Cardano is a secure, energy-efficient, third-gen blockchain that’s also highly scalable, using EUTxO model data structure for a better developer and user experience. This model and Ethereum’s account-based one are fundamentally different.
Better determinism
Cardano’s EUTxO architecture has this advantage over the account-based model because it becomes possible to determine a transaction’s impact and validate it locally before it is confirmed on the mainnet. Transactions are more likely to succeed with fixed, predictable fees.
Solid base
Genius Yield is using the benefits of Cardano’s EUTxO system to release the first order-book DEX with a yield optimizer, which also features concentrated liquidity and is non-custodial, Bankless Times learned from a press release.
The Genius DEX is tailored to Cardano’s exceptional architecture and comes with fragmented liquidity. What’s more, the DEX incorporates AI to automate yield optimization and trading strategies.
Genius transforms the AMM model standard in account-based models. Fragmented liquidity leads to a liquidity curve that’s more arbitrary and more responsive to dynamic market conditions as a result.
The following features differentiate the Genius DEX:
Concentrated Liquidity to drastically reduce impermanent loss and concurrently increases capital efficiency, leading to more rewards for liquidity providers and deeper liquidity for traders.
Smart swaps for creating advanced orders besides the standard order types to include dynamic and algorithmic orders using programmable swaps.
Smart Liquidity Vault for users to earn passive income from yield optimization strategies by depositing assets into AI-managed vaults. It is built on top of the Genius DEX, tapping the DEX’s advanced functionalities and expressiveness to execute AI-powered algorithmic trading strategies.
Swap assets and access features from wallet
Thanks to the non-custodial operation, users can exchange assets and access Genius Yield’s features from any wallet they control.
The DEX is more decentralized because Smart Order Routers (SORs) run order matching algorithms, which facilitate order flow in different market conditions.
They automate scanning, matching, and processing orders and help users profit from arbitrage opportunities.
DEX to launch in the first half of 2022
In the ongoing ISPO, ADA holders can delegate their stake to any of the four official Genius Yield Stake Pools. Genius Yield has allocated 10 million GENS and distributed 35% of the amount, equivalent to 3.5 million GENS.
The period of time, over which a user stakes their ADA in the Genius Yield ISPO pools determines whether they will be eligible for the upcoming public sale as well as their bonus amounts.
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