Automated Yields Optimizer on Cardano
One of the primary reasons why DeFi has gained unparalleled popularity is the possibility of getting a much higher yield as compared to the traditional financial system. Becoming a liquidity provider and contributing to the liquidity pool of a decentralized money market is the most common and effective way of getting better returns on a person’s holdings.
However, the growing number of DeFi protocols has made it difficult for a user to get the best possible yields. In essence, the users or the liquidity providers have to constantly analyze the market and keep an eye on the highest yield being offered by a protocol at a specific time period.
Therefore, it has become a common practice for liquidity providers to keep shifting between different protocols in order to get the best possible average yield. They follow this practice to provide liquidity in a pool that offers the highest yield at that point in time.
It can be easily observed that this process is cumbersome and less rewarding. If the user misses even a single chance to provide liquidity in a high APY protocol, he is unable to get the maximum possible benefit.
This is where Genius brings its powers.
Genius is the amalgamation of an advanced UI with strong, complex algorithms on the backend providing a seamless environment for the DeFi users to earn optimized yield.
At its core, Genius Yield is a noncustodial automated market maker and Smart Liquidity Management implemented in Plutus for the Cardano Blockchain.In comparison to other AMM protocol, Genius Yield provides increased capital efficiency and fine-tuned control to liquidity providers, more flexible fee structure using same principle like Uniswap 3.
The platform works automatically to shift the users’ deposits between different liquidity pools and generate the maximum possible yield with the lowest risk.
Moreover, Genius provides a customized solution for all users based on certain characteristics. Any user who deposits on Genius can select his preferred configurations such as expected returns in a particular time frame and the underlying algorithm provides the most efficient way to reach the desired goal, without the need for any manual process.
The platform also adjusts the yield optimization on the basis of factors such as transaction cost, network congestion, and more.