Introducing NMKR Token & NFTs on the Genius Yield Staking dApp
March 17th, 2023, Zug, Switzerland: Genius Yield, the all-in-one DeFi platform that combines AI-powered Yield Optimizer with a concentrated liquidity DEX, is thrilled to announce NMKR token and NFTs will be added to the Genius Yield Staking dApp. This great addition to the Staking dApp will provide users with even more opportunities to earn rewards.
Genius Yield Staking dApp is an application built on the Cardano blockchain, that provides users with the opportunity to earn passive rewards through staking their tokens and NFTs. Staking dApp is a part of the upcoming Genius Yield Platform.
NMKR: Custom NFT Marketplace & NFT Minting solutions
NMKR is creating a multi-chain NFT ecosystem focused on reducing the barrier to entry NFTs for end-users of businesses, artists, brands, and corporations by building tools to cover the full range of onboarding, minting & secondary market selling. NMKR is a multifunctional infrastructure built to maximize the power of NFTs, whilst minimizing the technical complexity needed to use them.
As the NMKR team moves closer to the launch of their platform, they just announced the launch of the token dashboard, which will provide an intuitive interface for users to manage their tokens and participate in the platform’s ecosystem. The NMKR token dashboard will offer two core functionalities: Earn and Use. You’ll find more details in their recent announcement.
Staking NMKR Token on the Genius Yield Staking dApp
NMKR token is the native token of the platform, with a total supply of 10 billion. The token’s utilities include staking, voting, and governance of the NMKR ecosystem. NMKR token is currently available on exchanges like MinSwap, MuesliSwap, WingRiders, SundaeSwap, and others.
Now, with Genius Yield Staking dApp, NMKR holders can also stake their tokens and Seaplane NFTs to earn rewards. NMKR holders will be offered locked staking with APY as follows:
- 6 months locking period: 5% APY
- 9 months locking period: 7% APY
- 12 months locking period: 10% APY
Users will also have the possibility to stake NMKR Seaplane NFTs and boost their APY:
- Bronze: +1% APY boost
- Silver: +2% APY boost
- Gold: +3% APY boost
To access the NMKR Project on the Genius Yield Staking dApp, NMKR owners must create a Staking Vault by connecting a compatible Cardano Wallet: Nami and/or Eternl. The staking process is fully governed by a smart contract.
Genius Yield is committed to providing its users with the best possible staking experience and will continue to work tirelessly to bring new and exciting opportunities to the platform.
About Genius Yield
Genius Yield is the all-in-one DeFi platform, that combines an AI-powered yield optimizer, “Smart Liquidity Vault”, with a concentrated liquidity DEX, built from the ground up to fully benefit from Cardano’s EUTxO-based ledger, which would be 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.
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NMKR is an NFT Creation, Minting & Trading Infrastructure provider on the Cardano blockchain, offering a suite of tools that help brands, companies, and enterprises to launch Whitelabel custom Cardano NFT projects.
With a strong focus on accessibility, NMKR has created a mix of development APIs and No-Code building blocks, which can be combined in a modular way to integrate NFT Minting and NFT Marketplace Trading functionalities on websites quickly and easily.
NMKR is the largest NFT infrastructure provider on the Cardano blockchain, being responsible for Minting over 1.6 million NFTs. NMKR has launched NFTs with celebrities such as Martin Lawrence and all three founding entities of the Cardano Blockchain: IOHK (IOG), Emurgo and the Cardano Foundation. By using NMKR brands, companies and artists can mint their NFTs quickly and easily. NMKR was previously named NFT-MAKER and rebranded in 2022.