Cardano DeFi protocol Genius Yield moves toward shutdown

Cardano-based DeFi protocol Genius Yield is moving toward a shutdown, developer Lars Brünjes said on X.

The Genius Yield team has released Genius Zero, an open-source web application designed to support user asset withdrawals and reward claims. The tool interacts directly with smart contracts in a browser without relying on Genius Yield’s backend servers, allowing users to withdraw staked assets and create or cancel DEX orders.

Reward claims, however, require a separate co-signing service, and only rewards with on-chain funding can be claimed.

Source: Coinness