Genius Yield, a Cardano-based (ADA) decentralized automated market maker and liquidity management protocol, reportedly disclosed details related to the introduction of its initial stake pool offering (ISPO). 

Specifically, the process will reportedly be carried out throughout a six-month period, lasting till June 15th of next year. 

At the time of publication, over 95.8 million ADA – with the value equivalent to around $118 million at the time of writing – have reportedly been assigned to the stake pools. 

In an ISPO, blockchain advocates will reportedly assign their cryptos in a protocol and receive tokens of the new initiative they financially support as rewards, rather than receiving the standard ADA staking rewards, which will be sent to the developers. 

Investors will reportedly have the ability to reclaim their staked cryptos at any period. 

By taking advantage of this measure, investors not only harvest yields but also ensure the security level for their initial investment, as pool operators have no control over delegated funds. 

In this specific ISPO, users will reportedly assign their ADA from their Cardano wallet, nominally Yoroi, into one of the four GENS stake pools and receive the GENS token. Funds will be kept within the delegator’s wallet. 

Per Genius Yield developers, 10 million GENS tokens out of an overall supply of 100 million will be distributed to ISPO investors. Furthermore, they will also receive 20% of transaction fees on the platform.

The funds, in the form of ADA staking rewards sent to engineers, will reportedly be utilized partially to develop a solution, possessing capabilities to allow users to take advantage of advanced algorithmic trading strategies and yield optimization on the Genius Yield platform.