Cardano trading protocol Genius Yield gradually ceases operations

The Cardano ecosystem's decentralized trading and yield protocol Genius Yield is gradually ceasing operations. Co-founder Lars Brünjes stated on October 22 that to address the issue of users being unable to withdraw assets normally, an independent open-source tool called Genius Zero has been developed.

Genius Zero allows users to bypass the original backend servers of Genius Yield and directly use Cardano smart contracts to unstake, cancel DEX orders, and withdraw assets. The original DEX trading fees still flow to the address controlled by Genius Yield, and adjusting the fee rates requires the signatures of at least three of the four original founders, which has not yet received sufficient authorization.