Cardano DeFi protocol Genius Yield winds down, co-founder releases withdrawal tool
- —Genius Yield, a Cardano DEX and yield protocol, is winding down operations
- —Genius Zero bypasses the project's servers and interacts directly with Cardano smart contracts
- —DEX fees still flow to Genius Yield-controlled addresses; changing rates needs three of four founders' signatures
- —Sufficient authorization to adjust fees has not yet been obtained
Why it matters: Users need to withdraw funds via Genius Zero promptly, or assets may remain stuck in the protocol's contracts.
Source: ChainCatcher 链捕手