Cardano’s Next Big Thing: Genius Yield’s Initial Stake Pool Offering (ISPO)
December 01 2021 - 3:03AM
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Genius Yield is launching its ISPO: Stake your ADA, Support new
projects and Obtain the new project’s tokens Genius Yield is a DeFi
asset management solution implemented on the Cardano blockchain to
provide superior yield optimization and high returns to users.
Genius Yield has developed an AI-powered Smart Liquidity Management
protocol that algorithmically automates asset allocation to
maximize users’ annual percentage yield (APYs) while minimizing
risk exposure. High capital efficiency is achieved by leveraging a
concentrated liquidity DEX, similar in functionality to Uniswap V3,
but completely redesigned from the ground up to fully benefit from
Cardano’s UTXO-based ledger. While DeFi provides many investment
opportunities, managing capital is both complex and time-consuming
for most users. Genius Yield is an all-in-one solution that enables
users to benefit from advanced algorithmic trading strategies
within an intuitive, hassle-free, and secure platform. Mission
Genius Yield was designed to address the complexity of navigating
yield opportunities in DeFi. Its mission is to democratize DeFi for
everyone by providing best-in-class automated liquidity management,
powered by AI. In the spirit of financial inclusion, the platform
was created to cater to both sophisticated and novice DeFi users.
At Genius Yield, we believe knowledge is power. This is why we
created the Genius Academy, a community-driven educational and
mentorship platform that teaches DeFi concepts and supports
everyone in their journey towards financial freedom. What is an
ISPO? An ISPO is a revolutionary new fundraising mechanism that is
more fair, inclusive, secure. It is a unique and inclusive
financing tool that allows the community to support their favorite
project without investing their own assets but instead leveraging
Cardano’s native reward incentive structure. How can you delegate
ADA to earn GENS tokens? By participating in the ISPO, the Cardano
community can support Genius Yield’s development, while earning
GENS protocol tokens. To do so, users must use their wallets to
delegate their ADA to Genius Yield’s stake pool (e.g. Yoroi and
Daedalus). An ISPO is a good way for DeFi initiatives to distribute
tokens in a fair and decentralized manner while also gaining
community support. It poses no danger to delegators since, unlike
an IDO, they do not have to spend their ADA to obtain protocol
tokens. Furthermore, because of its superior and unique
Proof-of-Stake design, ISPOs are only available on the Cardano
blockchain. Genius Yield is devoted to fully utilizing Cardano’s
protocol, including a rigorous and UTXO-first approach to product
design and development. We at Genius Yield believe that ISPOs has
the potential to reignite the ecosystem of PoS blockchains by
providing benefits to all parties involved. Because most members of
the crypto community have seen the many hollow promises of the
2017–2018 ICO era, risks associated with IODs, the new ISPO model
has a chance to earn their trust. As more crypto projects turn to
ISPOs for funding, investors will be able to support the projects
they care about without fear of losing money. Genius Yield ISPO
basics Start date: December 15th, 2021 End date: June 15th, 2022
$GENS Rewards: 10 Million GENS Running for 36 Epoch (1 epoch = 5
days) Accumulated $GENS rewards will be airdropped to the
delegator’s wallet after at the Token Genesis Event (time of
minting). The Daedalus or Yoroi wallets allow ADA holders to
delegate their funds to a stake pool in exchange for staking
rewards. To participate in the ISPO you will simply need to
delegate to Genius Yield’s’ stake pools. In return, you will be
rewarded with GENS tokens based on the amount of ADA staked and the
length of staking. For more details see our ISPO documentation.
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