For the world of DeFi experiencing divergence in yields, Genius Yield has introduced the possibility of optimizing the users’ APY and enhancing the efficiency of asset allocation in the decentralized digital ecosystem.
In essence, Genius yield is a tool that can be used with multiple exchanges to gain the best possible profit from yield farming. Having complex, well-defined algorithms at its core, Genius yield allows its users to automate their yields without the need for detailed analysis and manual executions. The manual process is replaced by algorithmic execution based on certain characteristics such as transaction cost, demand and supply, volatility, and current yield.
Genius Yield's mission is to build a strong community of both crypto users and users who didn’t necessarily have exposure to crypto in the past.
In the current DeFi world, earning profits is a cumbersome task. Users have to go to individual DeFi staking protocols and deposit their collateral in the hope to make good yield. Further, to get the best possible interest rate, users have to keep switching between the protocols because of the variable interest rate. They even have to conduct complete due diligence on when to exit the market and get the best possible profits.
Therefore, they often have to keep a close eye on several protocols at a single time in order to get benefited from the ghighest yield offered by a specific protocol at a specific time.
Furthermore, any gains made by a user on a platform are not realized until the amount is withdrawn. This is because the value of the staked tokens can go down any time resulting in impermanent losses.Genius yields turns this mundane process into a single step and makes yield farming easy.