In a recent interview with U.Today, the founders of the Cardano-based Genius Yield Web3 platform shared the details of their DEX creation and how it can help regular users increase their passive income.

One of the platform’s founders, Dr. Lars Brünjes, a PhD holder in mathematics, joined Input Output Global, the company that created the Cardano chain, a few years ago. Prior to that, he had been in the coding arena for roughly 15 years, practicing and teaching it, as well as blockchain, to thousands of students both live and online.

He shared that he was fascinated by the potential of IOG to improve the lives of billions.

The second founder, Marvin Bertin, comes from the field of AI/machine learning engineering, where he spent many years. Together, they decided to build their Genius Yield Web3 platform on the Cardano chain. The first application on the platform will be the Genius Decentralized Exchange (DEX).

This DEX will be the key application in Genius Yield with the aim of democratizing decentralized finance for all; that is the motto of the platform.

According to the founder, the main feature of his DEX will be the “decentralization” of Web3. They have created it to allow any Cardano wallet owner to use the decentralized exchange and make trades between Cardano ADA coins and Cardano-based coins, including Genius Yield’s native token, GENS.

GENS is a utility token and can be staked within a Genius Yield Staking app. This will allow holders to receive income through yield farming.