Why 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.Democratize DeFi for everyone Genius Yield was designed to address the complexity of navigating yield opportunities in DeFi. Our mission is to democratize DeFi for everyone by providing best-in-class automated liquidity management, powered by AI.&nbsp;Problem &amp; Challenge The current DeFi world is too complex; Genius aims to simplify it for the masses. With Genius, anyone can reap the benefits of the DeFi world. - Deposit your tokens in our Smart Liquidity Vaults - Select and customize your liquidity management strategy - Watch your assets grow and take profits&nbsp;Solutions Concentrated Liquidity DEX combined with Smart Liquidity Management.&nbsp;<ul><li>High Returns: Access to best yield optimization opportunities&nbsp;</li><li>Capital Efficient: Get more out of your liquidity&nbsp;</li><li>AI-powered: Automated algorithmic trading strategies&nbsp;</li><li>All-in-one Solution: First DeFi platform in the industry to combine a concentrated DEX with a liquidity management system</li></ul>

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Genius Yield

Laurent Bellandi

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Dr. Lars Brunjes

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Dr. Sothy Kol-Men

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Marvin Bertin

Welcome to the fifteenth edition of the Intersect Development Report! This edition includes applications to run a constitutional workshop, a Chang update including CIP-0069, new member resources, community tooling, and the latest from our community hubs. Let’s dive into the details!<h2 style="margin-left:0px;">Apply to host a constitutional workshop!</h2>We are excited to announce the next step in Cardano’s governance journey—a global consultation process to produce a draft Constitution, created by the community itself, leading up to the Constitution Convention in Buenos Aires in December.Intersect members - you now have the opportunity to host and run consultation workshops in your local area, wherever you are in the world, funded by dedicated Intersect grants. Read more <a href="https://www.intersectmbo.org/news/community-consultation-on-the-next-steps">here</a> and learn how to apply on our <a href="https://docs.intersectmbo.org/intersect-community-grants/open-grants/constitutional-workshops">knowledge base</a>. Applications will close on June 13th.<h2 style="margin-left:0px;">Chang upgrade</h2>The developments to Chang are continuing, with our hard-fork working group discussing how best to incorporate CIP-0069 into the scope. The hard-fork working group has raised a formal change request to include CIP-0069 in the Chang upgrade!As part of the late change request, we have formed a backlog working group to discuss how scope changes are decided in the future. We recommend you <a href="https://docs.intersectmbo.org/intersect-overview/intersect-committees">check here</a> for working group updates on our knowledge base if you are interested. You can view the Chang timeline and some of the frequently asked questions by the hard-fork working group <a href="https://docs.intersectmbo.org/cardano/cardano-upgrades/hard-forks/chang-timeline">here.</a><h2 style="margin-left:0px;">Delivery assurance</h2>Continuity partner WellTyped, has successfully reached the <a href="https://docs.intersectmbo.org/cardano/cardano-continuity/milestone-report-q1-2024">LSM project's</a> important milestone by demonstrating to the engineering team code paths for creating, opening, and performing batch lookups within LSM run files, including tests and benchmarks.<h2 style="margin-left:0px;">UTxO-LMDB solution</h2>The Input Output Infrastructure (IOI) team has been working on improvements to allow out-of-memory storage of key data structures used by the Cardano node. Bounding the node's total memory usage will ensure long-term scalability for stake pools, wallets, and other node users.The solution will move the UTxO, stake address &amp; delegation, and stake distribution from memory to out-of-memory storage, bounding the amount of RAM required and taking advantage of modern SSDs. Engineers at IOI have been developing the first solution using the off-the-shelf Lightning Memory-Mapped Database (the UTxO-LMDB Solution) for around a year.More updates will be announced in the coming weeks, and volunteers will be sought to assist with development testing and tuning. You can also find out more information <a href="https://updates.cardano.intersectmbo.org/tags/consensus">here</a>.<h2 style="margin-left:0px;">Working group updates</h2>The Open Source committee has published a ‘State of the Union’ document, which provides a story on Open Source - issues, strategy pillars, workflow mapping, pilot roadmaps, and more.Read it <a href="https://docs.google.com/presentation/d/1ldRYTO2VzjfJ3DeI001J1Vdfz-zbTWAsu5PRAQ71M3A/edit#slide=id.g23bd5b9225e_0_6">here</a>.<h2 style="margin-left:0px;">New member resources</h2>We’ve created shared resources for Intersect members to create material to support their working groups and local meet-ups! This pack will contain important tools and materials that members need when attending and delivering events and the ability to brand event experiences.As mentioned, this is a member-exclusive, so if you are not already a member, <a href="https://www.intersectmbo.org/join">join us</a> and dive into our <a href="https://discord.gg/ZxR8w9TK">discord</a> for access to this pack and other exclusive member benefits.<h2 style="margin-left:0px;">Community tooling</h2>Local face-to-face events and meet-upsWe have some exciting in-person events taking place over the next few weeks. We will continue adding to the table as new ones are confirmed. If any of these events are taking place close to you, sign up via the <a href="http://lu.ma/">lu.ma</a> link.&nbsp;<ul><li>Lead: Clay Labs Digital Location: Lisbon, Portugal Date: 27th May Sign-up: <a href="https://lu.ma/lgyg6z67">https://lu.ma/lgyg6z67</a></li><li>Lead: Wilmer Leonardo Varón&nbsp; Location: Caracas, Venezuela Date: 1st June Sign-up: <a href="https://lu.ma/aa3yy1i5">https://lu.ma/aa3yy1i5</a></li><li>Lead: Internet Native - Tevo Saks/Kaisa Keerd Location: Tallinn, Estonia Date: 5th June&nbsp; Sign-up: <a href="https://lu.ma/pvuuvqbi">https://lu.ma/pvuuvqbi</a></li><li>Lead: Baudouin Muvunga Location: Territory of Nyiragongo, Democratic Republic of Congo Date: 29th June Sign-up: <a href="https://lu.ma/e9i3bncp">https://lu.ma/e9i3bncp</a></li></ul>&nbsp;<h2 style="margin-left:0px;">Community hubs</h2>Our community hubs have been moving from strength to strength, with significant contributions from our members on a global scale. The Japan community hub represented Intersect at NexTech Week in Tokyo this week.You can read more about it <a href="https://www.nextech-week.jp/hub/en-gb.html">here.</a><img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHVvV1q69bCwQ/article-inline_image-shrink_1500_2232/0/1716578443105?e=1721865600&amp;v=beta&amp;t=lh5egbkBqm6QA1_VhB9tMDeGAVSTQwJ3XqzSZeoS9H8" alt="" loading="lazy">In addition, the Japan Hub has also been busy showcasing Intersect at Blockchain EXPO from May 22nd to 24th.In other Community Hub news, the LATAM Community Hub is gearing up to begin its Intersect events, including a new dedicated regional Town Hall. Follow their new <a href="https://twitter.com/IntersectLatam">X (Twitter) account</a> for more news. In other news, Sri Lanka’s community hub has officially launched! More to follow… If you're passionate about driving positive change and nurturing community initiatives, your involvement can catalyze impactful projects and contribute to community growth and enrichment. To apply for a Community Hub grant, <a href="https://mpc.intersectmbo.org/community-hubs-application">click here</a>.<h2 style="margin-left:0px;">SanchoNet</h2>Following last week’s SanchoNet respin, with the release of Node 8.11.0-pre, SanchoNet has been testing a not-seen-before governance feature, <a href="https://github.com/cardano-foundation/CIPs/blob/master/CIP-1694/README.md#bootstrapping-phase">the bootstrapping phase</a>.The bootstrapping phase is characterized by enabling only a small set of the full governance functionality. This phase will be activated after the first change hard fork, allowing DReps to register and attract delegation before fully participating in governance.The bootstrap phase can be exited via an intra-era hard fork, voted for by SPOs and constitutional committees. On the mainnet, this hard fork will be known as the second Chang hard fork, enabling full governance functionality for Cardano. Read more on Cardano’s <a href="https://www.intersectmbo.org/news/cardanos-governance-key-terms-and-milestones">governance milestones</a>.And here are this weeks Stats from SanchoNet:<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQFaD0XHS3jmZQ/article-inline_image-shrink_1500_2232/0/1716578440915?e=1721865600&amp;v=beta&amp;t=yhg6YniE71iWP7vEvaKOxUFRmPJhC0Nb6MJHSGZxl8M" alt="" loading="lazy"><h2 style="margin-left:0px;">DRep Campaign Platform</h2>This week, Intersect member <a href="https://www.lidonation.com/en">LIDO Nation</a> delivered a significant milestone in developing the DRep Campaign Platform. After a lively demonstration via the “Show us what you got” call, the LIDO Nation team opened up the project, inviting the community to come, test, and leave feedback.The DRep Campaign platform is hosted via <a href="http://sancho.1694.io/dreps">sancho.1694.io/dreps</a>. Here, DReps can create off-chain profiles linked to their on-chain actions to campaign for delegation from Ada Holders. Furthermore, the team has opened up the code hosted on the <a href="https://github.com/IntersectMBO/drep-campaign-platform">IntersectMBO/drep-campaign-platform</a>.The community is encouraged to leave feedback via the integrated feedback popup or raise an issue on the GitHub repository.<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQFpt-0Imfx88A/article-inline_image-shrink_1000_1488/0/1716578446602?e=1721865600&amp;v=beta&amp;t=w38c7Iz7pS3e_d_N8UUIGj3wpYfOW4IdZ_HvLGam0BQ" alt="" loading="lazy"><h2 style="margin-left:0px;">Governance tooling</h2><img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHHd0EFN_yJpA/article-inline_image-shrink_1500_2232/0/1716578440367?e=1721865600&amp;v=beta&amp;t=en_ukUu7zghkf21e_BWKaolgtHufk1Os1cylkupL6ns" alt="" loading="lazy"><a href="https://x.com/ProofOfCardano">@ProofOfCardano</a> recognized Govtool as having the <a href="https://x.com/ProofOfCardano/status/1793250538777121021">highest GitHub activity</a> this week, and for a good reason: GovTool is currently in maintenance and will be available again soon, as the team has been busy updating new features, such as the SanchoNet Govtool participation dashboard, which is now available on <a href="http://participation.sanchogov.tools/">participation.sanchogov.tools</a>. From this dashboard, everyone can keep track of Govtool usage and participate in its testing.<img class="image_resized" style="width:720px;" src="https://media.licdn.com/dms/image/D4E12AQHojCkYyYYA4g/article-inline_image-shrink_1000_1488/0/1716578441558?e=1721865600&amp;v=beta&amp;t=TdsF5BvH6PcSdA7Z8pBo2IPTOZsKTwaso7eEJm-lYMw" alt="" loading="lazy"><h2 style="margin-left:0px;">Essential Cardano360</h2>The next Essential Cardano360 will be on the 30th of May, and Intersect will be featured again. Please be sure to catch us there with updates from Valeria Devaux on the DRep Pioneer workshop leaders program, Lorenzo Bruno on exciting developments on governance tooling, and Terence and Christian on some exciting news about our open source developments. We will also be joined by Intersect member and DRep Pioneer Workshop Leader Hosky! A lot is packed into our section, so we are excited to promote the episode once it is published!You can view our previous feature <a href="https://youtu.be/Rk92hRNDVs8?t=117">here.</a><h2 style="margin-left:0px;">We’re hiring!</h2>We’re looking for a highly motivated and experienced <a href="https://docs.intersectmbo.org/intersect-team/open-positions/membership-sales-and-account-executive-intersect">Membership sales and account executive</a> to join our team on a nine-month full-time contract. During this important period of growth and development for Intersect, this role will be pivotal in growing our membership base, mainly through the introduction and membership sign-up of projects and organizations working within the Cardano ecosystem and beyond.If you are passionate about Cardano and blockchain technology and committed to fostering community engagement, we want to hear from you! Please send your CV and a cover letter explaining why you are the perfect fit for this role to <a href="mailto:careers@intersectmbo.org">careers@intersectmbo.org</a>. Intersect is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.<h2 style="margin-left:0px;">This week's reminders</h2>In this week's reminders section, we’d like to highlight:&nbsp;<ul><li>Consensus—Intersect will attend Consensus 2024, the world's largest, longest-running, and most influential gathering, bringing together all sides of the cryptocurrency, blockchain, and Web3 community. Supported by Intersect members Genius Yield, Genius X, EMURGO, and Hosky, if you wish to attend, you can get your tickets <a href="https://consensus2024.coindesk.com/">here</a> and get 15% off your pass using our code - INTERSECTC24.</li></ul>&nbsp;&nbsp;<ul><li>May Town Hall—The next Intersect Town Hall will be held on 28th May. To be involved, you can secure your place <a href="https://zoom.us/meeting/register/tJYqcu-oqTIsG9fcANLOGQtlBX1dAMgvuBW9">here</a>.</li></ul>&nbsp;<img src="https://media.licdn.com/dms/image/D4E12AQFCY1_l04mTFw/article-inline_image-shrink_1500_2232/0/1716578441697?e=1721865600&amp;v=beta&amp;t=_r5w1xarGD0ILlaM1_po2JmLyahy68moZt1rpIVPtWY" alt="" loading="lazy">Well, that’s it for this week's update. Thanks for reading!And finally, we’re interested in hearing more from you about subjects important to you, such as Cardano’s governance. Your ideas and suggestions are crucial to us. If you have any questions, ideas, or suggestions, please get in touch via email, <a href="https://twitter.com/IntersectMBO">X</a>, or <a href="https://www.linkedin.com/company/intersectmbo/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_all%3BL%2BUpawyyQ6eAmMJWN2VZlw%3D%3D">LinkedIn</a>.

Intersect

Intersect Development Update #15 - May 24th

Genius Yield continues to move forward with our community. To reward our community, in December 2022 we introduced the <a href="https://geniusyield.medium.com/introducing-the-genius-yield-staking-dapp-acdee47f753e">Genius Yield Staking Program</a>, allowing GENS holders to participate in the Genius Yield platform by staking their tokens and receiving a fixed APY of GENS rewards. This program has been a success with over 20 million GENS staked and around 2.5 million GENS claimed as rewards.TL;DR<ul><li>Locked staking — the possibility to create a staking vault with fixed APY on GENS ends April 28th, 2024</li><li>Fixed APY on GENS is replaced with reward multipliers on DEX fees rewards, starting May 3rd, 2024</li><li>Between the 29th of April and the 2nd of May, 2024, harvesting, unstaking, and creating new staking vaults will be halted, due to migration between the old and new staking system</li><li>An additional 1.5M GENS is added to the GENS Staking Program, starting May 3rd, 2024</li><li>Flex staking is introduced, starting May 3rd, 2024</li><li>Genius and Mascot NFTs utilities remain unchanged. NFTs staking will be available until December 31st, 2025</li></ul>In January 2024, the <a href="https://twitter.com/GeniusyieldO/status/1753118993156813248?s=20">DEX Fee Sharing Program</a> was launched, allowing GENS stakers to claim 20% of fees generated by the DEX. DEX fee sharing represents a key milestone of the Genius Yield platform and a unique utility of the GENS token, allowing GENS stakers to collect dozens of different tokens that are traded on the DEX. The DEX Fee Sharing Program also creates long-term sustainability for GENS stakers, where GENS stakers’ rewards are linked with the use of Genius Yield’s DEX.<h1 style="margin-left:0px;">Transition to V2 GENS Staking Program</h1>With the introduction of the DEX Fee Sharing Program, we will begin to phase out the fixed APY in the GENS reward option.Fixed APY rewards in GENS will end at 23:59:59 UTC on April 28th, 2024.Starting May 3rd, 2024, rewards will only be based on the DEX Fee Sharing Program. To smooth this transition, an additional 1.5 million GENS will be allocated to GENS stakers on a declining supply curve using a methodology similar to Cardano’s mechanism that is used to reward those who stake their ADA to stake pools. Cardano pays staking rewards from two sources, ADA reserves and Cardano transaction fees. Reserves gradually decline as a greater share of the rewards comes from growing transaction fees caused by the increasing adoption of the Cardano blockchain. We will deploy a very similar mechanism to gradually phase out GENS rewards with a growing share of the rewards coming from growing DEX fees as more users utilize Genius Yield’s DEX.<h1 style="margin-left:0px;">Flex Staking</h1>Based on popular demand, we are introducing a Flex Staking option for GENS stakers! With flex staking, your GENS are never locked, allowing you to employ more sophisticated trading or DeFi strategies with your GENS.Check the details below.<h1 style="margin-left:0px;">Merging GENS Staking and DEX Fee Sharing Programs</h1>On May 3rd, 2024, the GENS Staking Program will effectively be merged with the DEX Fee Sharing Program, allowing GENS holders to choose between various staking options and APY amplification opportunities.With an additional 1.5M GENS allocated, the V2 GENS Staking Program not only adds more flexibility, but also creates a unique opportunity to earn even more rewards passively!Depending on the option chosen, GENS stakers will be eligible to do:1. Flex Staking:<ul><li>Participate in the DEX Fee Sharing Program: earn part of the 20% fees collected by the DEX</li><li>Participate in Tier 2 of the Accelerated Yield Program (additional conditions apply, please check the details <a href="https://geniusyield.medium.com/accelerated-yield-is-coming-to-genius-yields-dex-d0b4e60a2508">here</a>)</li><li>Utilize your Genius NFTs and Mascot NFTs</li></ul>2. Locked Staking:<ul><li>Participate in the DEX Fee Sharing Program: earn part of the 20% fees collected by the DEX AND receive additional yield amplification — details in the table below</li><li>Participate in Tier 2 of the Accelerated Yield Program (additional conditions apply, as above)</li><li>Utilize your Genius NFTs and Mascot NFTs</li></ul>GENS Locked Yield Staking Vaults<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*iH2tikwouOS6Olevz-mudg.png" alt="" loading="lazy">APR: A rolling 30-day APR will be computed using the last 30 days of GENS stakers’ rewards.The longer you stake, the more DEX Fee rewards you’ll receive.Below is an example:<ol><li>ADA rewards for periodₙ from DEX Fees = 1,000.0</li><li>GENS rewards for periodₙ from DEX Fees = 3,000.0</li></ol><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*pkVB5L1e81wCAQWR1m9osQ.png" alt="" loading="lazy">Rewards numbers are rounded.<h1 style="margin-left:0px;">Future of Genius NFTs and Mascot NFTs</h1>Genius Yield’s <a href="https://www.jpg.store/collection/geniusnfts">Genius NFTs</a> and <a href="https://www.jpg.store/collection/geniusyieldmascotcontest">Mascot NFTs</a> are utility NFTs offered to the community that allows GENS stakers to access <a href="https://docs.geniusyield.co/staking-dapp/staking-dapp-features">increased GENS APYs</a> between 2% to 6% for up to a year. In keeping with our promise to the community that these NFTs could be utilized for up to three years, both Genius and Mascot NFTs APY boosters can be used when staked until 23:59:59 UTC on December 31, 2025.When exercised, each NFT will receive its additional GENS-specific APY for one year or the remaining days of utility available. To check an NFT’s remaining days of utility, copy and paste the NFT’s Fingerprint / Asset ID <a href="https://app.geniusyield.co/earn">here</a>.Key Points:<ol><li>Starting at 00:00:00 UTC on January 1, 2026, you will no longer be able to stake your Genius or Mascot NFT — For example, a GENS holder stakes their Genius NFT in August 2025 to the six-month vault to get a 2% APY in GENS. In February 2026, the GENS staker decides to claim their GENS rewards and unstake their GENS and Genius NFT. After checking the <a href="https://app.geniusyield.co/earn">remaining days of utility</a>, the GENS staker sees there is six months left of utility to receive a 2% APY in GENS. In this scenario, the staker will not be able to stake their Genius NFT anymore because the deadline to stake the Genius NFTs, 23:59:59 UTC on December 31, 2025, has passed.</li><li>As long as you stake before the deadline, you can receive the maximum time remaining on your Genius or Mascot NFT — For example, on December 30, 2025, a GENS holder decides to stake his GENS with a Genius NFT. As their Genius NFT has never been staked and has a full year of utility available, the GENS holder selects the 12-month vault. In this scenario, the staker will be able to stake their Genius NFT and receive 12 months of a 2% APY in GENS. Since the Genius NFT was exercised before the deadline, the GENS staker can get the full 12-month utility time of the APY boost by selecting the appropriate staking vault.</li><li>Rewards for the Genius and Mascot NFT will be in GENS — If staked before the deadline, the 2% to 6% APY rewards will be in GENS. GENS stakers who stake their NFTs will have the benefit of getting DEX Fee sharing rewards and GENS rewards simultaneously.</li></ol>Thank you for unwavering support and we look forward to the future where the community continues to get more utility through the Genius Yield platform.Visit our social links below:<a href="https://www.geniusyield.co/">Website</a> | <a href="https://app.geniusyield.co/">DeFi Platform</a> | <a href="https://t.me/geniusyield_official">Telegram</a>| <a href="https://discord.gg/TNHf4fs626">Discord</a> | <a href="https://geniusyield.medium.com/">Medium</a> | <a href="https://twitter.com/GeniusyieldO">Twitter</a> | <a href="https://www.reddit.com/r/Genius_Yield/">Reddit</a> | <a href="https://www.youtube.com/channel/UC0Lw_flS1WokWYH9ZHIQv2g">YouTube</a> | <a href="https://instagram.com/genius_yield_official">Instagram</a> | <a href="https://github.com/geniusyield/">GitHub</a>&nbsp; &nbsp;

Announcing the New V2 GENS Staking Program

<div>
 <a target="_blank" href="https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect.jpg"><img src="https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect.jpg" srcset="https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect.jpg 1200w, https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect-300x175.jpg 300w, https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect-1024x597.jpg 1024w, https://zycrypto.com/wp-content/uploads/2024/03/Will-Cardano-Reach-8-In-This-Bull-Cycle-Market-Pundit-Reveals-ADA-Price-Trajectory-To-Expect-768x448.jpg 768w" alt="Will Cardano Reach $8 In This Bull Cycle? Market Pundit Reveals ADA Price Trajectory To Expect" title="Will Cardano Reach $8 In This Bull Cycle Market Pundit Reveals ADA Price Trajectory To Expect" /></a>
<a target="_blank" href="https://zycrypto.com/ada-to-reach-1-cardano-sees-spike-in-whale-transactions-and-active-addresses/">Cardano (ADA)</a> has emerged as a leader in developer activity, surpassing <a target="_blank" href="https://zycrypto.com/worlds-largest-asset-manager-blackrock-sees-little-demand-for-ethereum-from-clients/">Ethereum (ETH)</a> and other major blockchain networks. The surge in GitHub commits reflects Cardano’s commitment to innovation and growth, positioning it as a frontrunner in the competitive blockchain landscape.
GitHub commits are updates or modifications made to a project’s code on the GitHub platform using the Git version control system.
Each commit represents a specific change to the codebase, like adding features, fixing bugs, or enhancing performance. Commits include a message explaining the changes, aiding collaboration and progress tracking in software development.
<h2 id="h-impressive-github-commit-numbers">Impressive GitHub Commit Numbers</h2>
IntoTheBlock <a target="_blank" href="https://twitter.com/intotheblock/status/1769765411963146564">reports</a> that Cardano’s ADA is currently the cryptocurrency with the highest development activity and weekly engagements, surpassing major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). Following ADA, Avalanche (AVAX) takes the third spot, with Litecoin (LTC) ranking fourth.
<figure><div>
<blockquote>We're not surprised to see <a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> continually come out on top in developer activity. It has been this way for years. It might not always reflect it in the marketplace, but <a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> is like a strong tsunami building. We see it and are part of it every day. Building together. 🤝 <a target="_blank" href="https://t.co/j2gVnNyyGF">pic.twitter.com/j2gVnNyyGF</a>— Genius Yield official (@GeniusyieldO) <a target="_blank" href="https://twitter.com/GeniusyieldO/status/1770167104324379087?ref_src=twsrc%5Etfw">March 19, 2024</a></blockquote>
</div></figure>
Between March 11 and 17, Cardano recorded an impressive total of 978,780 commits on GitHub, showcasing its proactive approach to advancing its platform. In comparison, Ethereum, a leading blockchain platform, trailed behind with 407,170 commits during the same period.Advertisement<a href="https://coinbase-consumer.sjv.io/c/1374354/1949085/9251" target="_blank"><img src="https://a.impactradius-go.com/display-ad/9251-1949085" alt /></a>
 
This significant lead in GitHub activity underscores Cardano’s dedication to attracting developers and enhancing its ecosystem.
The rise of Cardano’s developer activity also sheds light on the broader trend of increasing engagement across layer-1 (L1) blockchain protocols. Avalanche (AVAX) recorded 315,770 commits, demonstrating a strong commitment to innovation and growth. 
Similarly, Litecoin (LTC) and Tron (TRX) showed notable developer engagement, with 84,110 and 79,380 commits, respectively. Despite these efforts, these networks still lag behind Cardano in terms of overall developer activity.
Developer engagement is a critical metric for evaluating a blockchain protocol’s potential growth and evolution. High-commit counts indicate an active developer community working on decentralized applications (dApps) and improving the network’s capabilities.
This continuous development work is essential for enhancing the functionality and resilience of the blockchain network over time.
<h2 id="h-cardano-price-performance-vs-developer-activity">Cardano Price Performance vs. Developer Activity</h2>
<figure><img src="https://lh7-us.googleusercontent.com/i_B33Ft8Xifl4KS9Z-md29L6FrTc1Otak5f9Arz14vOfIrjol_rqk1Xf_OtPVJKrhOOFxTnYN8EZWgmWOFevkiJ6Y62N1l4CmfY1yECLiOWFverQqu2NAnVYt8mSl8TKnPRMFciQVqKTddwmKkNRn84" alt /><figcaption>ADA/USDT Price Chart: TradingView</figcaption></figure>
Despite Cardano’s strong developer activity, its price performance has not mirrored this success. ADA has been trading below the $1 mark since April 2022 and is currently priced at $0.63, reflecting a 0.18% surge in the past 24 hours. Despite the positive GitHub commit data, ADA has experienced a decrease of 20.66% over the past week.
However, several analysts have recently <a target="_blank" href="https://zycrypto.com/1-ada-price-looking-nigh-as-cardano-sees-crazy-surge-in-active-wallets-and-increased-defi-activity/">expressed</a> optimism about the asset, forecasting a new record high in the coming days. For instance, X user <a target="_blank" href="https://twitter.com/ali_charts/status/1764736034594545961">Ali Charts </a>drew parallels between the coin’s current performance and its past bull cycle, suggesting a potential “parabolic” surge to<a target="_blank" href="https://zycrypto.com/cardano-may-have-just-ignited-game-on-face-for-10-ada-price-in-this-super-cycle/"> reach as high as $10</a>.
 </div>

Zycrypto

ADA at $10 Price In View As Cardano Surpasses Ethereum (ETH), Other Top Blockchains In Developer Activity

We are thrilled to announce the first distribution of the Genius X Accelerator project tokens to all eligible $GENSX token stakers! This is a crucial milestone on the Genius X project roadmap and a testimony of our commitment to inclusive growth and community-shared success! In the first drop, stakers will receive $FLDT, $DG, $REACH, $HYN, and $ADA (from launchpad sales fee).<h1 style="margin-left:0px;">The 1st token distribution details</h1><img class="image_resized" style="width:561px;" src="https://miro.medium.com/v2/resize:fit:1122/0*bkygEbE-MAOthLO1" alt="" loading="lazy">The distribution took place on the 20th of March, 2024. Rewards are available for claiming through the Genius Yield’s <a href="https://app.geniusyield.co/earn">Rewards dashboard</a>.The snapshot was taken at 12:00 UTC on 31 January 2024.If you ever staked $GENSX between our own token launch, on the 7th of July 2023, and 31st of January 2024, then you’ll see these rewards in the “My DEX Rewards” dashboard.Stay tuned as more tokens are coming! If you wish to take part in the upcoming token distributions, then stake your $GENSX on the <a href="https://app.geniusyield.co/earn">Genius Yield Platform</a> now!If you’re not sure how to create a staking vault, then check this step-by-step tutorial: <a href="https://www.youtube.com/watch?v=U6JHq-7kFkE">https://www.youtube.com/watch?v=U6JHq-7kFkE</a>More details about the distribution of the Genius X Accelerator projects’ tokens: <a href="https://medium.com/@GeniusXOfficial/a-new-era-of-fee-sharing-for-accelerators-bc4b678c3904">https://medium.com/@GeniusXOfficial/a-new-era-of-fee-sharing-for-accelerators-bc4b678c3904</a><h1 style="margin-left:0px;">Upcoming token distributions</h1>$GENSX token stakers will be also eligible for all upcoming accelerator tokens distributions!Distributions to eligible $GENSX stakers:<ul><li>When: every 25th of each month. The next distribution will take place on the 25th of April, 2024.</li><li>Who is eligible: all $GENSX stakers, with the $GENSX Staking Vault active in the month preceding the distribution</li></ul>Wallet snapshots:<ul><li>When: On the last day of each month. The next snapshot will be taken on the 31st of March, 2024</li></ul>Important: when calculating rewards, we’ll check the time length of each $GENSX Staking Vault, the amount of $GENSX staked, and Galaxy NFT ownership.In short, the longer and the more you stake, the more token allocation you will get.Example:Next Genius X projects’ token distribution will take place on the 25th of April, 2024. The snapshot for this distribution will be taken on the 31st of March, 2024. Therefore, owners of GENSX Staking Vaults, created before the 1st of April, 2024, will be eligible for the next token distribution.However, a Stake Vault created on the 31st of March will get a lower token allocation than a Stake Vault created on the 1st of March (assuming the same amount of staked $GENSX in both vaults and no Galaxy NFT ownership).<h1 style="margin-left:0px;">$GENSX Token Utilities Overview</h1>$GENSX tokens offer unparalleled opportunities for holders through staking. By staking $GENSX on the Genius Yield Platform, holders gain access to unique benefits, including:<ul><li>20% of tokens acquired through the Genius X Accelerator and fees generated by the Genius X Launchpad</li><li>Governance participation</li><li>APY-boosting NFT Lottery participation</li></ul><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*FSMzvjUWv0I4pP0P" alt="" loading="lazy"><h1 style="margin-left:0px;">APY Boosters</h1>For those opting for locked staking vaults, we introduced various APY boosters to enhance rewards based on staking duration.20% fee/rewards-based token distribution — APY booster for ALL tokens in the program!<ul><li>6-month staking vault: 3% weighting booster rewarded in various tokens</li><li>9-month staking vault: 6% weighting booster rewarded in various tokens</li><li>12-month staking vault: 10% weighting booster rewarded in various tokens</li></ul>APY booster for $GENSX tokens locked in the staking vaults:<ul><li>6-month staking vault: 5% APY rewarded in $GENSX tokens</li><li>9-month staking vault: 7% APY rewarded in $GENSX tokens</li><li>12-month staking vaults: 11% APY rewarded in $GENSX tokens</li></ul>Additional APY booster for locked $GENSX tokens — owners of the Genius X ISPO NFTs and Galaxy NFTs can further enhance their $GENSX rewards:<ul><li>Vesta NFT: +3% APY rewarded in $GENSX tokens</li><li>Comet NFT: +6% APY rewarded in $GENSX tokens</li><li>Titan NFT: +10% APY rewarded in $GENSX tokens</li><li>Galaxy NFT: +10% APY rewarded in $GENSX tokens</li></ul><h1 style="margin-left:0px;">About Genius X</h1>Genius X is one of the first tokenized, blockchain-agnostic business accelerators and launchpads for fully-vetted, early-stage blockchain startups. Our mission is to create a more decentralized and inclusive future built by the brightest minds utilizing blockchain technology. The <a href="https://www.genius-x.co/">Genius X Accelerator</a> helps ambitious founders turn their visions from startups into impactful and scalable solutions that add value across multiple blockchains. We accelerate the most promising startups by providing advisory support in areas such as marketing, business strategy, token design, fundraising, as well as token sales, giving them the edge to become successful.The <a href="https://medium.com/@GeniusXOfficial/all-you-need-to-know-about-the-genius-x-launchpad-5aaff4fcc854">Genius X Launchpad</a> is the most advanced smart contract-based Launchpad that will support various major blockchain networks. The launchpad provides a seamless way for participants to safely participate in early-stage project funding. The Genius X Launchpad is unique from other launchpads in that it is non-custodial, as operations on the platform are handled by smart contracts.Venture Capital / Accredited Investors — Contact us <a href="https://y0vs1o4twew.typeform.com/to/VTzh7IET">here</a>.Startups wishing to apply for Genius X Accelerator program membership can fill out the form <a href="https://y0vs1o4twew.typeform.com/to/pFrsjsZo">here</a>.

Genius X

1st Accelerator’s Token Distribution!

Genius Yield ($GENS)

Genius Yield is the all-in-one DeFi platform, that combines a concentrated liquidity DEX (“Genius DEX”) with an automated yield optimizer (“Smart Liquidity Vault”).

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