Geist Finance update: GEIST Live price, price chart, news and markets

The GEIST price update as of now is $0. In the previous 24 hours, its trading volume was $0, and its value has increased by %. As of now, GEIST's live market cap is $0, and it is ranked as the #22100 on the Coincu. GEIST has a circulating supply of 539,054,405 and a maximum supply of 539,054,405.

Discover Geist Finance: An Innovative Lending and Borrowing Market on Fantom

Geist Finance stands as a trailblazing lending and borrowing market on the Fantom network, leveraging the robust AAVE DeFi protocol. By utilizing this groundbreaking platform, users gain access to seamless and secure financial services.

Distinguishing itself from traditional protocols, Geist Finance operates without a governance or ownership structure, eschewing the presence of a protocol treasury. In a unique approach, 50% of the revenue generated through borrowing is directly distributed to users engaging in staking GEIST tokens. This incentivizes lenders and borrowers to actively participate within the protocol.

Embrace Geist Finance's Innovative Liquidity Mining Program

Geist Finance introduces a notable feature in the form of its liquidity mining program, drawing inspiration from the successful mechanism implemented by Ellipsis Finance on the Binance Smart Chain (BSC). Through this program, users are capable of earning enticing rewards by staking their GEIST tokens. While these rewards undergo a vesting period of 3 months, users possess the option to claim them immediately, albeit with a 50% penalty. The penalty sum is then distributed among users who opt to lock their GEIST tokens for the same 3-month duration. This mechanism guarantees a consistent flow of rewards for individuals showcasing sustained commitment to the protocol.

The Abundance of Rewards for GEIST Stakers

As GEIST stakers partake in the liquidity program, they not only obtain rewards through liquidity mining, but also receive protocol fees. Moreover, users who choose to lock their GEIST tokens and engage in the liquidity program earn protocol fees alongside exit penalties from fellow users who prematurely terminate their vesting period. Through this multifaceted reward system, active engagement and long-term involvement in Geist Finance are highly encouraged.