Genius Yield and COTI Partnership Announcement
Genius Yield and COTI are teaming up to accelerate the adoption of DeFi by making financial products more easily accessible while also availing secure and tangible use cases to ordinary investors.
Genius Yield and COTI are teaming up to accelerate the adoption of DeFi by making financial products more easily accessible while also availing secure and tangible use cases to ordinary investors.
Zug, Switzerland — February 24, 2022. COTI — official issuer of the Djed, Cardano’s first algorithmic stablecoin — , and Genius Yield — a Swiss-based DeFi startup building Cardano’s first order book decentralized exchange (DEX) using concentrated liquidity and a Smart Liquidity Management platform, are officially collaborating.
COTI and Genius Yield will support each other’s tokens and share liquidity in mutual liquidity pools in the spirit of interoperability espoused by the Cardano blockchain. Genius Yield will provide liquidity to COTI’s Djed reserve, and thus support its ecosystem. The partnership also covers integration of the COTI Wallet into the Genius Yield ecosystem, enabling Web3 connectivity to Genius DEX.
COTI’s platform enables companies to effortlessly create advanced fintech products while saving time, data, and money. It aims to deliver a robust payment system that is cost-effective and secure while being as seamless and scalable as traditional payments.
Amongst other consumer benefits, one will find quick and safe payments unlocked e.g., by prepaid virtual debit cards, loyalty points and cashback rewards, buyer-seller safety measures, and the ability to buy cryptocurrencies easily.
Meanwhile, merchants will benefit from instant settlements, high-interest revenues on balances, access to financing options, lower transaction costs, and many more.
This announcement is ahead of the Genius DEX launch, scheduled for Q2 2022. Genius DEX will be a next-gen decentralized exchange with an AI-powered Yield Optimizer leveraging the unique benefits of Cardano’s EUTxO smart contracts paradigm.
The Genius DEX protocol distinguishes itself from other protocols, incorporating features such as Smart Swaps, Smart Liquidity Vault, Smart Order Routers, and Concentrated Liquidity. Read more: https://bit.ly/genius_dex
“Stablecoins have become one of the most important asset types in DeFi. They enable users to benefit from DeFi yield opportunities, while reducing their exposure to crypto’s high volatility. COTI’s stablecoin, Djed, will play an essential role in Genius Yield’s DEX and Yield Optimizer to produce consistent high yields for our users.” Marvin Bertin — CSO at Genius Yield
About COTI
COTI is a fully encompassing “Finance on the blockchain” ecosystem, specifically designed to meet the challenges of both centralized finance (fees, latency, global inclusion and risk) and Decentralized Finance DeFi (fees, clogging and complexity) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for finance.
About Genius Yield
While DeFi provides 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 yield optimization opportunities. Our Smart Liquidity Management protocol is intuitive, hassle-free, and secure. Genius Yield minimizes risk and maximizes profits.
Join our ISPO: https://www.geniusyield.co/ispo
Website: https://www.geniusyield.co
Telegram: https://t.me/geniusyield_official
Discord: https://discord.gg/TNHf4fs626
Reddit: https://www.reddit.com/r/Genius_Yield/
Medium: https://geniusyield.medium.com/
Twitter: https://twitter.com/GeniusyieldO
YouTube: https://www.youtube.com/channel/UC0Lw_flS1WokWYH9ZHIQv2g
Instagram: https://instagram.com/genius_yield_official
Facebook : https://www.facebook.com/geniusyield
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