Genius Yield Announces Partnership with VyFinance, Creating Yield Farming Opportunities for Users

Genius Yield is proud to announce its collaboration with VyFinance to accelerate the adoption of DeFi and provide exciting blockchain use cases to everyday investors.

Genius Yield and VyFinance will support each other’s tokens, share liquidity in mutual liquidity pools, and use their respective marketing resources to promote the partnership.

Once the Genius DEX launches in Q3 2022, liquidity providers on the GENS/ADA pool will farm VYFI by providing liquidity to the GENS/ADA pair on the VyFinance DEX. At the same time, liquidity providers can also farm GENS by providing liquidity to the VYFI/ADA pair on the Genius DEX.

Additionally, users who also stake VYFI on the VyFinance platform will receive their APR rewards in GENS.

Dr. Sothy Kol-Men, the Managing Partner and co-founder of Genius Yield said:

This partnership is important for Cardano and its thriving ecosystem. Genius Yield is actively building solutions to bring impactful crypto-based solutions to ordinary users and works in tandem with what VyFinance offers. We shall pull our resources together in the spirit of blockchain’s openness and collaboration leveraging Cardano’s composability to create value for all users and fast-track the expansion of the sphere.

The partnership aligns with the core objective of Genius Yield, which is to democratize DeFi by distilling complexities and rolling out practical solutions for mass adoption. Central to Genius Yield is the Genius DEX, the first order-book decentralized exchange with concentrated liquidity that will be launched on Cardano in Q3 2022. The DEX eliminates impermanent loss because it uses a pure order-book model with concentrated liquidity positions and not the AMM system used by most DEXes in account-based blockchains like Ethereum. On top of the Genius DEX is the Smart Liquidity Vault, an AI powered Yield Optimizer that allows ordinary users to earn passive income.

VyFinance strives to make DeFi accessible for all users by bringing existing functionalities to the world, leveraging Cardano. Subsequently, they have built a cyclic, beneficial smart contracts-driven ecosystem with a neural network consisting of an auto-harvester, yield-farms and liquidity pools, an off-shore bank, and the VyFi Bar comprising pooled funds. Concurrently, VyFi provides the Learning Management System (LMS) to its community, helping in onboarding new users and expanding the Cardano ecosystem.

About VyFinance

VyFinance is bringing an entire ecosystem of DeFi products to Cardano with the backing of an Australian firm. By integrating a neural network into a liquidity aggregator creating the auto harvester, the protocol brings trustless crypto products into the real world, releasing a unique solution in the sphere.

Learn more about VyFinance on:

Website: https://www.vyfi.io/

Twitter: https://twitter.com/VyFiOfficial

Discord: https://discord.com/invite/xGAD3hSXbu

Telegram: https://twitter.com/VyFiOfficial

YouTube: https://www.youtube.com/channel/UCEPcpy0IQnqLh_RUfpeAOmQ

About Genius Yield

While DeFi provides many investment opportunities, managing capital is complex and time-consuming. Genius Yield is your all-in-one solution to benefit from advanced algorithmic trading strategies and yield optimization opportunities. Genius Yield minimizes risk and maximizes profits. Our Smart Liquidity Management protocol is intuitive, hassle-free, and secure.

Website: https://www.geniusyield.co

Telegram: https://t.me/geniusyield_official

Discord: https://discord.gg/TNHf4fs626

Reddit: https://www.reddit.com/r/Genius_Yield/

Medium: https://geniusyield.medium.com/

Twitter: https://twitter.com/GeniusyieldO

YouTube: https://www.youtube.com/channel/UC0Lw_flS1WokWYH9ZHIQv2g

Instagram: https://instagram.com/genius_yield_official

--

--

--

Genius Yield is the all-in-one DeFi platform, that combines concentrated liquidity DEX with an automated yield optimizer.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Promotion of crypto projects: why community matters

Venly x Cyberpong: $3,000 NFT Giveaway Campaign

Know About Satoshi Nakamoto and the Unresolved Mystery Behind His Existence

REEF Finance launches Litentry Bonds

ZK Hack Schedule Announced!

DevPost and Harmony collaborate to host hackathon on Defi and Cross-Border Finance

25 000 ETH Giveaway! -Ends 30 March 2021

‘ETH also has the potential to go five-figure asset post the merge’

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Genius Yield

Genius Yield

Genius Yield is the all-in-one DeFi platform, that combines concentrated liquidity DEX with an automated yield optimizer.

More from Medium

Smart Places to Mint NFT Land Plots from April 30, 2022, 1600 HRS UTC

Farms of ERC20 bridged assets reward allocation

Introducing MuesliSwap v2 — the next generation of Cardano’s most popular orderbook DEX

INTRODUCING: KICK.IO’s New Endorsement System