Cardano accelerator program Genius X ISPO nets $105 million in ADA
Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO. Cardano-based accelerator program Genius X has seen more than $105 million worth of ADA delegated to its initial stake pool offering (ISPO).This comes after the firm’s decentralized automated market maker and liquidity management protocol Genius Yield completed its ISPO on May 10, with over 14,500 delegators staking 270 million ADA across four official stake pools, making it one of the biggest ISPOs within the Cardano ecosystem.Genius Yield is a Cardano-based DeFi protocol that....
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The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. On Dec. 15, Genius Yield, a decentralized automated market maker and liquidity management protocol built on the Cardano (ADA) blockchain, announced the launch of its initial stake pool offering, or ISPO. The fundraising will continue for six months until June 15, 2022. At the time of publication, more than 95.8 million ADA, worth approximately $118 million at the time of writing, have been delegated to the stake pools. In an ISPO, blockchain....
Genius Yield is launching its ISPO: Stake your ADA, Support new projects and Obtain the new project’s tokens Genius Yield is a DeFi asset management solution implemented on the Cardano blockchain to provide superior yield optimization and high returns to users. Genius Yield has developed an AI-powered Smart Liquidity Management protocol that algorithmically automates asset allocation to maximize users’ annual percentage yield (APYs) while minimizing risk exposure. High capital efficiency is achieved by leveraging a concentrated liquidity DEX, similar in functionality to Uniswap V3, but....
Roughly 40,000 participants staked nearly 620 million ADA as part of MELD’s first-ever initial stake pool offering, which concluded on Oct. 27. DeFi banking protocol MELD recently made headlines for attracting more than $1 billion worth of staked Cardano (ADA) to its protocol through a novel funding mechanism called an initial stake pool offering, or ISPO, marking an important innovation in how early adopters support blockchain startups. Cointelegraph had the opportunity to connect with MELD CEO Ken Olling to discuss the significance of the ISPO as well as Cardano’s role in facilitating....
Flickto is the decentralized launchpad that is bringing media financing to the Cardano blockchain. This first-of-its-kind project is giving users the ability to fund media projects while making massive returns in the process. Less than two months in, Flickto has recorded tremendous success with over 4.5 million ADA already staked in its ISPO across over 530 delegators. The project brings the average person closer to the financing process of media projects and puts the power in their hands for which projects get funded. So instead of a few people calling the shots at a high level, Flickto....
Flicko has launched its ISPO Remastered that offers more rewards for staking. Following the success of its two IDOs, it is now moving to the next phase of the project. The ISPO Remastered is another way for investors to earn more income while supporting their media projects of choice. It will provide delegators with more rewards options than was previously offered. The first-of-its-kind media incubator announced that ISPO Remastered will empower anybody to be able to generate passive income streams. This will come from films, TV shows, digital media, the written word, as well as....