Genius provides a non-custodial cloud wallet that allows users to buy, sell, and swap cryptocurrencies across multiple blockchains without the need for bridging or asset transfers. By utilizing sharded private keys and smart contract vaults, Genius ensures secure transactions while maintaining full custody of user assets.
Funding
Funding not disclosed
Founders
Product
Problem
Existing methods for cross-chain cryptocurrency transactions often involve complex bridging processes, exposing users to security risks, delays, and the burden of managing gas fees across multiple networks. This complexity hinders accessibility and creates friction for users seeking to seamlessly trade assets across different blockchain ecosystems.
Solution
Genius offers a non-custodial cloud wallet that simplifies cross-chain trading by abstracting away the complexities of bridging and gas management. The platform utilizes sharded private keys secured by Lit Protocol and smart contract vaults on supported networks to enable users to buy, sell, and swap cryptocurrencies across multiple blockchains from a single interface. By eliminating the need for manual bridging, Genius provides a seamless and secure experience for trading digital assets across diverse blockchain environments. The protocol-managed liquidity model ensures competitive rates and flexible swap sizes.
Target Audience
The primary target audience includes cryptocurrency traders and investors seeking a simplified and secure solution for cross-chain asset management, as well as users who want to avoid the complexities and risks associated with traditional bridging methods.
Features
- Non-custodial cloud wallet with sharded private keys for enhanced security
- Support for cross-chain swaps across Ethereum, Solana, Arbitrum, Avalanche, Base, BNB Chain, Fantom, Blast, and Optimism
- Protocol-managed liquidity model for competitive rates and flexible swap sizes
- Abstraction of bridging and gas management for a seamless user experience
- Integration with Lit Protocol for secure multi-party computation (MPC)
- Vaults on supported networks to facilitate cross-chain transactions
- Reward system that allows users to earn $BRAIN points through trading volume, deposits, and referrals
- Off-ramp functionality through Moonpay for converting crypto to fiat currency