How Genius Yield opens up new opportunities for individuals to achieve financial freedom

I recently met with Dr. Spoke to Lars Brünjes and Marvin Bertin, the CTO and CSO of Genius Yield, an all-in-one DeFi platform that combines a concentrated liquidity DEX with an automated yield optimizer. We discussed the opportunities Genius Yield offers its users, the benefits of Web3 technology and, as usual, the interviewees’ crypto portfolio. Let’s dive in!

U.Today: Hello, Lars and Marvin. Can you tell us about your background and how you got interested in crypto?

DR Lars Brunjes: I am a German mathematician with a Ph.D. in pure mathematics from the University of Regensburg in Bavaria in southern Germany.

I started programming in my early teens and have been working professionally in software development for 15 years. I also have a passion for teaching and have taught Haskell and blockchain technology both in person and virtually to thousands of students around the world.

I started crypto a few years ago when I joined Input-Output Global (IOG). I am fascinated by its mathematical nature and its great potential to improve the lives of billions of people.

Marvin Bertin: I have a background in machine learning/AI engineering and years of experience in biotechnology – specifically developing algorithms that can perform cancer screening using sequenced DNA. I started with crypto as a data science consultant for the Ethereum and Cosmos blockchains, developing DeFi products for clients. I have in-depth knowledge of DEX architectures and ML-driven yield optimization strategies.

U.Today: Can you share the idea behind Genius DEX? Why is it considered a Web3 application?

Marvin Bertin: The upcoming Genius Decentralized Exchange (DEX) will be a core application on the Genius Yield platform. Genius Yield’s motto is “Democratize Decentralized Finance for All”.

Our mission is to democratize DeFi for everyone by providing best-in-class automated liquidity management powered by AI.

Our DEX will have a core Web3 “decentralization” feature, and anyone with a Cardano wallet can join this movement and use the DEX by trading between native Cardano tokens, including $GENS – the native token of ours Platform. All activities can be tracked in the chain. Overall we will have an inclusive community where everyone will be accepted to join.

DR Lars Brunjes: Genius Yield’s solution for the DEX space is unique. The Genius team took a first-principles approach when designing smart contracts. Therefore, our DEX and Yield Optimizer protocols were designed from the ground up to take full advantage of Cardano’s UTXO-based ledger. Genius Yield is the industry’s first DeFi platform to combine a concentrated DEX with a yield optimizer.

U.Today: Thanks for the details. So what are the main differences between Web3 and Web2 in terms of financial capabilities?

DR Lars Brunjes: Put simply, Web3 is a future, decentralized form of the Internet in which users become owners. Instead of using free apps and platforms that collect user data as in the current phase of Web2, in the future phase of Web3 users will be able to participate in the creation, operation and management of the logs themselves.

Marvin Bertin: The incentive and monetization methods are completely different in Web2 than in Web3. In Web2, a user is the “product”. User awareness of the platform is paramount for Web2 platforms as most of the revenue comes from displaying advertisements to users.

The more a user engages and spends more hours on the platform, the more money the platform makes. On the other hand, Web3 incentivizes users by being part of the economy themselves. It’s open to anyone, anywhere in the world.

U.Today: Could you elaborate on how Web3 can offer new possibilities for everyday people like you and me and how Genius DEX fits into those possibilities?

DR Lars Brunjes: Creating an open system based on a third-generation blockchain is not an easy task. We definitely understand that making a decentralized ledger available to everyone, regardless of where a user is located, takes a lot of building and testing, and it needs to be repeated in iterations. However, we firmly believe that these efforts will pay off and we are witnessing the creation of new markets in an unprecedented global transformation with a combined team of technical and industry-savvy individuals.

Marvin Bertin: As Lars mentioned, giving everyone access to participate in Web3 is a novel purpose. The core element of Genius DEX is the Smart Swap, which enables many of the novel functionalities of the DEX in an efficient and elegant way. Smart Swaps are buy or sell orders that are executed automatically based on programmable logic. Smart swaps are to the DEX what smart contracts are to the ledger. Additionally we have the $GENS token which will have various utilities. We just launched a public sale of $GENS tokens on the Genius X Launchpad.

U.Today: You mentioned your native token $GENS. Can you tell us more about it?

DR Lars Brunjes: $GENS, Genius Yield’s native token, is a utility token only and is therefore not used for transactional payments. However, $GENS holders can put their $GENS into a Genius Pool for additional rewards through yield farming and other platform benefits.

Marvin Bertin: Users who own and use $GENS tokens will benefit in two ways.

Genius DEX Fee: Fees to the Genius Yield company, 20% of which is returned to $GENS holders through the $GENS staking program.

The second way is the Smart Liquidity Vaults fee: an additional 20% of all vault fees paid by Smart Liquidity Vaults users also come back to $GENS holders!

U.Today: Interesting. Are there other benefits for $GENS token holders?

DR Lars Brunjes: Staking $GENS isn’t just a source of income. Aside from being able to earn 20% on Genius DEX trading fees and 20% on Smart Liquidity Vault fees, it also unlocks a number of platform features such as:

1. Governance, ie voting rights in Genius Improvement Proposals (GIP). The $GENS Staking Program gives you governance rights over the protocol, eventually allowing you to vote on Genius Improvement Proposals (GIPs).

2. Genius Academy premium content. $GENS stakers have access to premium educational content and can receive discounts on special Genius Academy content.

3. Great pay. We are working on it at the moment. We will provide more information about this in the future.

U.Today: Do you think Web3 projects like Genius Yield will eventually help people achieve financial freedom?

Dr. Lars Brunjes: Yes! Providing everyday investors with the right tools is extremely important and can pave the way to financial freedom. That’s why at Genius Yield we are working to create an all-in-one platform that includes both a decentralized exchange and a yield optimizer.

Helping individuals achieve financial freedom is the ultimate goal we work towards. Our platform will be available to both novice and experienced investors, and its full potential will be unlocked for those who own and use our native tokens $GENS.

Marvin Bertin: We also strongly believe that along with the tools, they should also be accompanied by proper education regarding blockchain, DEXs, order types and investment strategies. That’s why we created the Genius Academy, which allows us to share knowledge with everyone and make this educational content universally accessible. These steps will be additional milestones that will help us continue our Getting closer to Brünje’s stated goal.

U.Today: Do you have a crypto portfolio? Name the three best positions.

Marvin Bertin: Most of my crypto portfolio is dedicated to ADA, Cardano’s native token. The second and third largest holdings are bitcoin and ether, respectively. Everyone should do their research before investing, so my points here should not be taken as financial advice.

DR Lars Brunjes: I myself only hold ADA because I believe in Cardano, its mission and its community. Our portfolio is managed by my wife and I try not to get in her way as she is much better at handling it than I am.

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