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Geist Finance news
About Geist Finance
Geist Finance is a lending and borrowing market on Fantom based on one of the largest DeFi protocols: AAVE.
As GEIST has no governance or ownership, there is also no protocol treasury. Instead, 50% of the revenue generated through borrowing is distributed directly to users who stake GEIST. Both lenders and borrowers receive GEIST rewards to incentivize protocol use.
GEIST liquidity mining employs a mechanism first introduced by Ellipsis Finance on BSC. Rewards are vested for 3 months, but may be claimed immediately for a 50% penalty. The penalty is then distributed to users who choose to lock GEIST for 3 months. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.
GEIST stakers receive protocol fees, GEIST lockers receive protocol fees as well as exit penalties from users who exit their vests early.
The live Geist Finance price today is $0.000190 USD with a 24-hour trading volume of $2.33 USD. We update our GEIST to USD price in real-time. Geist Finance is up 1.80% in the last 24 hours. The current CoinMarketCap ranking is #8240, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 GEIST coins.