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This Cardano-Based Platform Builds Web3 DEX to Provide Passive Income to Users

Thu, 12/15/2022 - 12:19
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Yuri Molchan
Genius Yield founders are excited about IOG and Cardano and their potential to change the lives of billions for the best
This Cardano-Based Platform Builds Web3 DEX to Provide Passive Income to Users
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In a recent interview with U.Today, 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.

He shared that he was fascinated by IOG's potential to change the lives of billions for the better.

The second founder, Marvin Bertin, comes from the AI engineering/machine learning sphere, where he spent many years. Together, they decided to build their Genius Yield Web3 platform on the Cardano chain. First App on the platform will be Genius Decentralized Exchange (DEX).

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.

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According to the founder, the main feature of its DEX will be the "decentralization" of Web3. They have built it up to enable any owner of a Cardano wallet to use the decentralized exchange and make swaps between Cardano's ADA and Cardano-based coins, including the native token of Genius Yield, GENS.

GENS is a utility token and can be staked within a Genius Yield Staking App. This will allow holders to receive income by means of yield farming.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at