Revuto and Genius Yield Join Forces
Revuto continues to expand partnerships within the Cardano ecosystem
Revuto continues to search for new partnerships within the Cardano ecosystem that will bring new opportunities to our valued investors. Today we are thrilled to announce another partnership we have made in the Cardano family. After our recent partnership with VyFinance, we are proud to announce a new collaboration with Genius Yield, the first DeFi protocol to release an AI-powered Yield Optimizer. The purpose of this deal is to accelerate DeFi adoption by making access to financial education quick and smooth while also bringing secure and tangible use cases to everyday investors. To better understand what you can expect and how you will benefit from this joint venture, we want to begin by highlighting the most important things we plan working on together.
Genius Yield will offer Revuto users the opportunity to earn GENS tokens through the first ISPO of its kind. For the first time, Revuto users will be able to stake other Cardano-native tokens in order to participate in the initial distribution of supply for a new token. These users will be able to stake their REVU tokens to earn GENS tokens in the Revuto Staking Center inside the Revuto app before the Genius Yield Public sale. Revuto will also support Genius Yield’s liquidity pools on the Genius DEX and in the Genius Smart Liquidity Vault. What’s more, Revuto will enable GENS token in the Revuto wallet, and, at the same time, users will be able to pay for subscriptions like Netflix, Amazon, Apple TV, Grammarly, Spotify, Tinder, Discord Nitro, Dropbox, and any other subscription services using GENS token. With this partnership, Revuto and Genius Yield will also work together to support each other’s ecosystems.
Did you miss the Genius Yield ISPO?!
If you are a Revuto user, today is your lucky day!
ISPO stands for Initial Stake Pool Offering. The ISPO is a revolutionary fundraising mechanism for Cardano projects to distribute token supply fairly, to raise awareness in the Cardano community, and to raise funds for project development. The ISPO is an evolution of the IDO (Initial Decentralized Exchange Offering). Technically, the IDO is an improvement from the IEO (Initial Exchange Offering), which is an improvement from the ICO (Initial Coin Offering). ISPOs are used for the initial distribution of supply for a new token, and the only way you can get involved in the process is through a staking pool. The cool thing is that everyone, even investors from the U.S., can easily participate in the ISPO without investing their own money or any other assets.
As far as we know, so far there have not been any opportunities to participate in the ISPO using any other Cardano-native tokens other than ADA. Since we like to explore new ideas, we want to offer our users and REVU holders innovations through which they can earn additional benefits. Although, technically speaking, this is not actually a standard ISPO, the basic structure is almost the same. Participants get free tokens as a reward for participating through staking. Users will be able to stake REVU in the Revuto Staking Center within the Revuto app, and rewards will be distributed as a part of the initial distribution of GENS tokens. In one of our following announcements we will give more details about how many GENS tokens will be allocated to Revuto users as well as information on how to participate in the Genius Yield staking pool to earn GENS by staking REVU tokens.
About Genius Yield
And now, let us introduce to you our new partner…
Genius Yield has developed an AI-powered Smart Liquidity Management protocol. It is a DeFi yield optimization solution that algorithmically automates trading strategies to maximize user APY while minimizing risk exposure. While DeFi provides 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 profits. Their Smart Liquidity Management protocol is intuitive, and hassle-free.
Genius Yield also plans to release concentrated liquidity DEX leveraging Cardano’s unique smart contract paradigm in Q2 2022. The DEX is designed from the ground up with distinguishing features such as Smart Swaps, Concentrated Liquidity, Smart Order Routers (SORs), and a Smart Liquidity Vault for automating trading strategies. It is worth emphasizing that the Concentrated Liquidity feature significantly reduces the risk of impermanent loss and unlocks higher yield opportunities. For the end of this short introduction, instead of explaining the purpose of GENS token, we will quote Dr. Lars Brünjes, Director of Education at Input Output (IOHK) and CTO at Genius Yield: The GENS token will be used to power all of Genius Yield’s services and offerings, making it the glue that binds everything together.
Curious to learn more about Genius Yield, and the team behind the project? Check out their website and social media channels: Medium, Telegram, Discord, Reddit, Medium, Twitter, YouTube, and Instagram.
In case you missed:
📣 Revuto Tech Talks 7 — Watch now
🎥 Revuto Deep Dive — Watch the video
❣️ Revuto on Entrepreneur — Read more about unwanted subscription charges
📽 Our first ever Live AMA — Watch on YouTube
💰 Share Revuto — And earn rewards!
📻 UK Radio campaign — Listen to our slot
💫 Unique Revuto NFTs — See all NFTs
🎥 Our co-founder Jos on Cardano360 — Tune in at 38:20
🎂 Our Token Generation Event (TGE) aka REVU Token birthday — See the event
🎙 Cardano live podcast with our co-founder Jos — Listen to the podcast
🧗♀️ Our first teambuilding — See our TB video
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