What is GEIST token?
GEIST is the utility token of Geist Finance.
What is GEIST token is used for?
- Liquidity mining
What is Geist Finance?
Geist is a money market for lending and borrowing on the Fantom blockchain. It’s a fork of the Aave protocol.
How the protocol works
Users can deposit a number of tokens:
To lend and borrow.
The project was fair launched in October 2021 and most of the supply is available for yield farming to lenders and borrowers.
It uses the same tokenomics as Ellipsis (a fork of Curve).
Yield farming rewards are locked for 3 months but users can take a 50% reward cut in order claim straight away.
Stakers receive protocol fees.
Tokenholders can choose to lock their tokens for 3 months and receive protocol fees and the penalties from early claimers.
Total supply: 1 000 000 000 tokens
- 40% Lenders and borrowers over 5 years
- 20% LPs over 5 years
- 20% Airdrops and incentives (including Curve gauge bribes and others listed below)
- 20% Team over 1 year