Genius Yield and Tweag Partner for Audit and Reinforcement of Genius X

Genius Yield and Tweag are teaming up to provide state-of-the-art security features to the Genius Yield ecosystem

Zug, Switzerland — February 15th, 2022. Tweag, a software innovation lab that helps deep tech startups quickly scale their engineering performance, and Genius Yield, a Swiss-based DeFi startup building the industry’s first order book DEX combined with a yield optimizer on Cardano, are officially collaborating.

The partnership covers three pillars:

1. Third-party smart contract security audit,
2. Haskell and Plutus engineering consulting services including smart contract optimization (where auditing services are not being provided by Tweag),
3. Genius X accelerator program’s official partner, providing security audits and engineering consulting for selected projects accepted into the accelerator program.

Tweag specializes in building high-assurance software for fintech companies, from pioneering blockchain startups to large global entities in biotech and self-driving cars. Their services are highly acclaimed and acknowledged by high-profile clients such as Input Output Global (IOG), the developers of Cardano. Their expertise in Haskell and Plutus was especially an important requirement for Genius Yield.

“Security is a critical pillar of blockchain technology and smart contract audits are a fundamental rite of passage for any credible DeFi project. The promise of DeFi is to usher in a new financial system that is more socially inclusive, privacy-preserving, and provider of equal financial opportunities for all. However, this is only possible if these systems can guarantee resistance to corruption, manipulation, and other adversarial behaviors. This is why Genius Yield is partnering with smart contract security leader, Tweag, for providing security audits to our products, and also to selected Genius X projects.” said Marvin Bertin, Chief Scientific Officer.

“Our mission is to help the world write more reliable and safer software. We’re very excited to partner up with one of the most promising Cardano-based player to support with Haskell and Plutus consulting and development in order to maintain and add solid code to the ecosystem. “ Jonathan Bartled, Sales Director

Genius Yield’s next-gen DEX combined with an AI-powered yield optimizer was specifically designed to take advantage of the unique benefits provided by Cardano’s EUTxO smart contracts paradigm. After it successfully completes Tweag’s audit, Genius’ DEX is set to be launched in Q2 2022.

About Tweag

Tweag is a software innovation lab that provides solutions for scaling and productivity to clients in the fintech, biotech, and autonomous driving space. In the blockchain space, they are leading experts in Haskell and were directly involved in the development of Plutus, Cardano’s smart contract programming language. For more info about Tweag, please go to https://www.tweag.io/

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.

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