Genius Yield’s DAO is live!
As we advance in the decentralized realm, we are thrilled to announce the activation of Genius Yield’s Decentralized Autonomous Organization (DAO), realized through a strategic alliance with Clarity — experts in community governance and management tools for Cardano projects.
Championing Community-Led Innovations
Genius Yield’s DEX is known as the “Cardano Community DEX,” and its DAO’s inception marks a crucial leap in reinforcing this identity. Our dedication to open-source ethos is evident through making the smart contracts, Market Maker Bots, and Smart Order Routers publicly available. Advancing towards a DAO highlights a profound belief in the power of community-led governance, enabling GENS token holders and stakeholders to actively participate in the project’s course.
GENS Tokens: Unlocking Governance Potential
The introduction of the DAO marks a significant enhancement in the utility of GENS tokens, placing governance in the community’s hands. GENS token owners, including both holders and stakers, are empowered to vote on proposals, with each token representing a vote. This democratizes the governance process, allowing the Genius Yield community to drive the project’s evolution in alignment with collective aspirations and principles.
Join the Governance Journey
The launch of the Genius Yield DAO is a big step forward, aiming for more community involvement, openness, and collective decision-making. We’re inviting everyone with GENS tokens to take part in the voting, sharing your views on where Genius Yield should head next. This isn’t just about casting a vote; it’s about being part of a team effort to shape the future of finance on the Cardano network.
As Genius Yield continues to innovate and grow, the DAO showcases our commitment to putting the community first in our decision-making. Expect more chances to get involved and help steer Genius Yield’s direction. We’re all in this together, working to build the future of DeFi.
For more info and to join the governance process, check out the Genius Yield DAO site and read through the GY Governance documentation. Let’s work together to shape the future of Genius Yield and the wider Cardano community.
About Genius Yield
Genius Yield is the all-in-one DeFi platform, that combines an order-book DEX with an AI-powered yield optimizer, built from the ground up on the Cardano blockchain.
It is designed to take advantage of benefits provided by Cardano’s EUTxO smart contracts, such as security, determinism, parallelism, scalability, and composability.
The Genius Yield platform is accessible both to beginners and seasoned traders. Our solutions are practical and easy to use, allowing participants to reap the benefits of DeFi in a mitigated environment anchored on security, transparency, and automation.
Genius Yield minimizes risk and maximizes profits in an intuitive, hassle-free way.
The Community DEX
At Genius Yield we firmly believe that sustainable growth can be achieved through collaboration with the Cardano community and the ecosystem. That’s why selected, core elements of our DEX were open-sourced:
- Smart Order Routers
- Plutus Application Backend “Atlas”
- Market Maker Bots
- [coming soon] DEX’s Smart Contracts
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