After Genius Yield successfully raised $ 4.2 million in its seed round, its Initial Stake Pool Offering (ISPO) is now starting.
Zug, Switzerland – December 16, 2021. After Genius Yield successfully raised $ 4.2 million in its seed round, its Initial Stake Pool Offering (ISPO) is now starting. More than 75 million ADA (valued at nearly $ 100 million at the time of writing) have already been delegated to the now four dedicated stake pools, a record number when it comes to similar projects on Cardano.
“We started two pools two weeks before the start of our ISPO and saw incredible numbers very quickly. We added two more as we neared launch to avoid overloading. However, we are confident in our team and what we are building it is encouraging to see how our community has grown to cope with this situation by delegating so much so early on. It means that what we’re trying to achieve really resonates with people. “
Dr. Lars Brünjes, CTO and Director of Education of Genius Yield at IOHK – Cardano’s company building.
For people new to the ecosystem, here’s how you can join ISPO:
1. Buy ADA on your favorite exchange
2. Create a Cardano wallet – we recommend Yoroi
3. Transfer your ADA from your wallet to your Yoroi wallet address
4. Delegate your ADA to a GENS mission pool:
– Open your Yoroi wallet
– Select ‘Delegation List’
– Enter ‘GENS’ in the search bar
– Choose a GENS pool and delegate
Genius Yield has opened two new 100% GENS reward pools: GENS3 and GENS4! New investors should no longer delegate to GENS1 as it is already fully saturated: new delegators will not receive GENS rewards, while previous delegators will not be affected.
GENS1, GENS3 and GENS4 pools reward 100% in GENS, while GENS2 rewards 50% in GENS and 50% in ADA. The maximum capacity of each pool is 64 million ADA.
Genius Yield ISPO
While the world of DeFi offers many investment opportunities, managing capital is both complex and time consuming for most users. For this reason, Genius Yield is building an all-in-one solution that enables users to benefit from advanced algorithmic trading strategies within one intuitive, hassle-free and secure platform.
Users can deposit the tokens of their choice and adjust their investment strategy based on a number of factors: expected returns, fees they are willing to pay, risk appetite, profit-taking, etc. Genius Yield’s AI-powered Smart Liquidity Management protocol will then maximize theirs Yields and minimizes risk at the same time.
In addition, the team is working on launching its Genius Yield Academy in the coming weeks.
“We believe that knowledge is power, which is why we are building a community-oriented education and mentoring platform that teaches DeFi concepts and supports everyone on their way to financial freedom.”
-DR. Sothy Kol-Men, co-founder.
Genius Yield ISPO basics:
Start date: December 15, 2021
End date: June 15, 2022
PEOPLE Rewards: 10 million PEOPLE
Run for 36 epochs (1 epoch = 5 days)
The collected GENS rewards will be sent to the delegate’s wallet by airdrop after the Token Genesis event (time of coinage). ADA holders can delegate their funds to a stake pool in exchange for staking rewards. To participate in ISPO, all you have to do is delegate to the Genius Yield stake pools. In return, you will be rewarded with GENS tokens based on the amount of ADA used and the duration of the assignment.
For more information, see Genius Yield’s ISPO documentation.
About Genius Yield
While DeFi offers many investment opportunities, managing capital is both complex and time consuming. Genius Yield is your all-in-one solution to benefit from advanced algorithmic trading strategies and opportunities to optimize returns. Our Smart Liquidity Management protocol is intuitive, hassle-free, and secure. Genius Yield minimizes risk and maximizes profit.
© 2021 The Block Crypto, Inc. All rights reserved. This article is for informational purposes only. It is not offered or used as legal, tax, investment, financial or other advice.