Genius Yield Has Announced The Second Round Of ISPO
Genius Yield is excited to announce the second round of its Initial Stake Pool Offering (ISPO), ISPO Round 2, that begins from Epoch 331 on April 5, 2022, 21:45 UTC to June 15, 2022 in Epoch 344.
At the current conversion rate, it is estimated that by Epoch 330, all 10 million GENS would have been allocated to delegators. By March 22, 2022, or in Epoch 328, GENS staking pools had an active stake of over 272.8 million ADA across all GENS staking pools — GENS1 / GENS3/ GENSX for 100% GENS rewards, and GENS2 for 50% GENS / 50% ADA rewards. Currently, the protocol has rewarded 7.776 million GENS to over 13,000 delegators.
Epoch 330 will mark the end of the 1st round of Genius Yield’s ISPO. The protocol will have allocated over 10 million GENS to loyal delegators at this point. Epoch 330 will be the last epoch where delegators earn GENS as a rate of 1 ADA Staked=0.0025 GENS rewards per epoch.
The second round starts with epoch 331 and ends at epoch 344, with a new conversation rate of 1 ADA Staked=0.0015 GENS rewards per epoch. The second round will be vested, with the same dates as round one, and will be an opportunity for more ADA delegators to join. The GENS/ADA conversion rate formula has been changed in the second round to reflect the increasing value of GENS and Genius Yield, and put into account the depreciation of ADA in the last three months. With the ISPO Round 2, the original Bonus Reward Program remains intact and users can continue holding to qualify for various bonus categories. For instance, delegators under the “Diamond Hands” can continue delegating for at least 34 of the 36 Epochs.
Currently, all GENS staking pools are saturated. Users who delegate ADA to saturated pools won’t receive GENS reward. Accordingly, Genius Yield is urging interested delegators to always check the saturation level of each pool before staking.
About Genius Yield
While DeFi provides many investment opportunities, managing capital is complex and time-consuming. Genius Yield is your all-in-one solution to benefit from advanced algorithmic trading strategies and yield optimization opportunities designed to minimize risk and maximize profits. Smart Liquidity Management protocol is intuitive, hassle-free, and secure.
