Genius Yield announces partnership with VyFinance, creating yield farming opportunities for users

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

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

Once the Genius DEX is launched in Q3 2022, liquidity providers in 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.

In addition, users who also use VYFI on the VyFinance platform will receive their APR rewards in GENS.

dr Sothy Kol-Men, Managing Partner and Co-Founder of Genius Yield said:

“This partnership is important for Cardano and its thriving ecosystem. Genius Yield actively develops solutions to offer ordinary users effective crypto-based solutions and cooperates with VyFinance’s offer. We will pool our resources in the spirit of blockchain’s openness and collaboration, leveraging Cardano’s composability to create value for all users and accelerate the expansion of the sphere.”

The partnership aligns with Genius Yield’s core goal, which is to democratize DeFi by distilling complexities and introducing practical solutions for mass adoption. At the heart of Genius Yield is Genius DEX, the first decentralized order book exchange with concentrated liquidity, launching on Cardano in Q3 2022. The DEX eliminates fickle losses as it uses an order-book only model with concentrated liquidity positions and not the AMM system used by most DEXes on 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 to all users by bringing existing functionalities to the world and leveraging Cardano. They then built a cyclical, beneficial, smart contract-based ecosystem with a neural network consisting of an auto-harvester, yield farms and liquidity pools, an offshore bank, and the VyFi bar of pooled funds. At the same time, VyFi provides its community with the Learning Management System (LMS) that helps with onboarding new users and expanding the Cardano ecosystem.

VyFinance is bringing an entire ecosystem of DeFi products to Cardano with the support of an Australian firm. By integrating a neural network with a liquidity aggregator that creates the Auto Harvester, the protocol brings trusted crypto products to the real world, releasing a unique solution in the sphere.

Learn more about VyFinance at:

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 offers 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 profit. 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/

Middle: https://geniusyield.medium.com/

Twitter: https://twitter.com/GeniusyieldO

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

Instagram: https://instagram.com/genius_yield_official

Original source: https://geniusyield.medium.com/genius-yield-announces-partnership-with-vyfinance-creating-yield-farming-opportunities-for-users-32184a468581

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