Maximise Your Gains from Genius Yield Staking $GENS
*** A note about the Genius Yield NFTs
Some of them have expired and you will need to check the asset ID for how mich time they have left in their boost. Personally i dont think they hould be reusable and should be burnt on use. ***
Genius Yield, an order-book DEX on Cardano offers a great incentive by earning fees in all tokens on their platform but just $ADA or their utility token $GENS. Simply stake your $GENS tokens in the staking vault on their DApp and start earning 20% of the trading fees from the platform.
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There is no other platform that lets you earn everything through their platform giving you exposure to all the popular tokens in the Cardano ecosystem.
In this video you will learn about the rewards Genius Yield provide for staking $GENS, how to stake $GENS on Genius Yield, how to boost your staking APY with the Genius Yield NFT and future plans of Genius Yield.
Timestamps
00:00 Intro
01:27 How to stake your $GENS & Earn
01:55 NFT Boosted APY
02:56 Harvesting & claiming rewards
03:17 No batcher fees, only Cardano transaction fee for harvesting
03:32 $GENS price performance
04:07 Roadmap and future plans
04:43 App Interoperability to increase usage
05:41 Disclaimer
Disclaimer: I am a Genius Yield Ambassador and am paid in $GENS tokens for creating content around the Genius Yield ecosystem and related companies and projects within Genius X accelerator.
You can find out more about Genius Yield and their platform at https://geniusyield
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*** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. • Learn Cardano Podcast Outro Music
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