Genius Yield and Genius X Partner with ADAO for Decentralization and Driving DAO Adoption
Genius Yield and Genius X are happy to announce their partnership with ADAO, a Cardano-based provider of open source tools to spur decentralized autonomous organization (DAO) adoption, empower the crypto community, and promote decentralization.
The collaboration will see Genius Yield and ADAO Summon support each other’s ecosystems. Specifically, ADAO Summon will provide a DAO-as-a-Service toolset enabling decentralized governance through the Genius Yield platform while supporting its liquidity pools through the Genius DEX and the Smart Liquidity Vaults. Genius DEX is an order book-based decentralized exchange using concentrated liquidity. The Smart Liquidity Vault is built on top of the Genius DEX. It uses advanced algorithms to implement diverse trading strategies autonomously. It is the first AI-driven solution in Cardano for ordinary users to earn passive income.
As an extension of their partnership with Genius Yield, ADAO Summon will also provide mentorship for Genius X’s startups. Genius X is developed by the skilled team behind Genius Yield and is a revolutionary business accelerator that provides technical, marketing, business development, and legal support for ambitious projects planning to launch on Cardano. Through their expertise, ADAO Summon will help interested projects that are part of the Genius X fold to build and run their DAO governance.
Furthermore, ADAO Summon experts will also provide their insights on decentralized finance, blockchain, and crypto topics through the Genius Academy. Genius Yield Academy is a place where everyone is given the right set of information to learn and understand the world of DeFi. Through this educational portal, ADAO Summon would quickly and authoritatively dispense material regarding DAO infrastructure, their role in DeFi and the relentless push for blockchain adoption. At the same time, the Genius Academy will be their choice platform for educating people about the principles and philosophy of decentralized governance.
The ADAO Summon team is made up of founding members of the ADAO Community, the first DAO to establish itself on Cardano’s blockchain with the minting of an identity NFT and governance scripts in November, 2021. The mission of ADAO is to develop open-source code repositories and best practices for decentralized collaboration and governance. By mid-May 2022, there were over 200 ADAO members and more than 15 core contributors. In Q1 2022, ADAO announced their collaboration with one of Genius Yield’s partners, Smart Contract Audit Token DAO, an Audit-as-a-Service platform, to release a smart contract auditing system for Cardano.
Ahead of this partnership, Genius Yield is preparing for the launch of its primary product, the Genius DEX, in Q3 2022. Besides, Genius X launched its ISPO on May 15, 2022 (Epoch 339), for 25 Epochs, ending on September 12, 2022 (Epoch 363).
About Genius Yield
Genius Yield is an all-in-one protocol on Cardano that opens up access to DeFi for everyone. Our solutions are practical and distill the needless complexities in the thriving crypto industry. Participants earn passive income through the Genius DEX and Smart Liquidity Vaults in a mitigated environment without impermanent loss, innovating in liquidity provision.
About Genius X
Genius X fosters innovation on the Cardano network and Web3 that empowers protocols to build impactful and scalable blockchain-based companies that will have a massive impact across the globe. We incubate, accelerate and scale incredible projects on Cardano and Web3 through our advisory, mentor, and growth experiences.