Accelerated Yield is coming to Genius Yield’s DEX

15th of January, 2024, Zug, Switzerland: Genius Yield, the all-in-one DeFi platform that combines an order book DEX with an AI-powered yield optimizer, is thrilled to announce the launch of its yield farming program “Accelerated Yield”.. For a limited time, users on our DEX will be able to get boosted yield farming rewards from using the Genius Yield DEX.

The program has Two Tiers, rewarding traders based on how much they utilize our DEX.

Tier 1–50,000 $GENS per week split among all traders on our DEX proportional to filled $ADA volume:

Let’s look at an example with only three traders, Alice, Bob and Charlie.

Alice places one order to buy 800 $GENS for 1000 $ADA, and half her order is filled. Her trade volume therefore is 500 $ADA.

Bob places one order to sell 200 $GENS for 300 $ADA, which is completely filled. His trade volume is 300 $ADA.

Charlie places two buy orders to buy 1000 $GENS for 1200 $ADA, and both get completely filled. His trade volume is 2400 $ADA.

So in this example, the 50,000 $GENS would be split in in proportions 500 : 300 : 2400:

Tier 2 — For the power users. If you traded at least 12,000 ADA in filled trades in each promotional weekly period you will receive an additional 20% of DEX fees. Note that if you are staking GENS, you are already eligible to receive 20% of DEX fees, which means these users will be getting 40% of the DEX fees!

Who is Eligible?

- Tier 1 — anyone who placed an order on the Genius Yield’s DEX that was partially or completely filled during the promotional period

- Tier 2 — anyone who traded at least 12,000 ADA in filled trades in each promotional week and had at least 100 $GENS locked in the Genius Yield Staking Program by the end of each promotional week.

How will I collect my rewards?

You will be able to claim the rewards at https://app.geniusyield.co/ with the wallet address that conducted the trades. Rewards will be available for claiming every week, starting at the end of January / beginning of February 2024. The exact date will be announced soon!

When will Accelerated Yield rewards start?

The program starts on January 15th, 2024, and will end on February 12th, 2024, 12:00 UTC. During this period rewards will be accrued to all eligible traders.

Want to run your own market making bot?

What is a market making bot? here!
Learn how to create your own market making bot here!
Step-by-step video walkthrough on creating your own market making bot here!
Access the market making bot repo here!
Access the DEX Contract API here!

Disclaimer: The market maker bot and smart order router code is provided open source as-is, with no warranties or guarantees of any kind, either expressed or implied, and is not intended to be used as a substitute for professional investment advice. It doesn’t include official technical support. The user does not receive any investment advice from Genius Yield in connection with any trades, and no suitability review or similar of any trades or strategy is conducted by the Genius Yield team. The use of this bot is entirely at the user’s own risk. The user assumes all risks associated with the use of this bot, including but not limited to financial losses, tokens losses, loss of data, business interruption, and other unforeseen circumstances. The user is solely responsible for the final configuration and operation of this bot, and it’s recommended to seek professional trading advice before using it in mainnet.

About Genius Yield

Genius Yield is the all-in-one DeFi platform that combines an order book DEX with an AI-powered yield optimizer, “Smart Liquidity Vault”, built from the ground up to fully benefit from Cardano’s EUTxO-based ledger. The Genius Yield platform is 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.

Genius Yield minimizes risk and maximizes profits in an intuitive, hassle-free way.

The Community DEX

At Genius Yield we firmly believe that sustainable growth can be achieved through collaboration with the Cardano community and the ecosystem. That’s why selected, core elements of our DEX were open-sourced: