This new DEX benefits from Cardano's UTXO-based ledger, here's what it has built. GeniusyieldO
, founders of Cardano-based Genius Yield Web3 platform shared the details of creating their DEX and how it can help regular users build up their passive income.
One of the platform's founders, Dr. Lars Brünjes, a holder of a Ph.D in mathematics, joined Input Output Global, the company that created Cardano chain, a few years ago. Prior to that, he had been in the sphere of coding for approximately 15 years, both practicing and teaching it, as well as blockchain, to thousands of students both live and online.The second founder, Marvin Bertin, comes from the AI engineering/machine learning sphere, where he spent many years.
Web3 platform on the Cardano chain. Now, they are preparing to release Genius Decentralized Exchange based on their platform.This DEX will be the key app on Genius Yield with the goal of democratizing decentralized finance for everybody; that is the motto of the platform.According to the founder, the main feature of its DEX will be the"decentralization" of Web3.
GENS is a utility token and can be staked within a Genius pool. This will allow holders to receive income by means of yield farming.
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