Exchange Geist Finance

geist Price Live Data

The live Geist Finance price today is $ 0.0035 usd with a 24-hour trading volume of $69 usd. We update our GEIST to usd price in real-time. Geist Finance is down 0% in the last 24 hours. The current coinmarketcap ranking is #1396, with a live market cap of $2 950 049 usd. It has a circulating supply of 853 798 892 GEIST coins and the max. Supply of 853 806 416 GEIST coins.

What Is Geist Finance (geist)?

What is Geist Finance? Geist Finance is a decentralized, non-custodial liquidity market working on the Fantom Opera blockchain. The center convention depends on AAVE, the biggest DeFi loaning convention by TVL. The marking and charge dissemination framework depends on Ellipsis Finance.


How Geist Works? The center Geist convention is a loaning market that capacities close indistinguishably from Aave. Clients might get and loan various resources with variable financing costs. These loan costs are resolved algorithmically as per the use of the loaning pool. Resource valuing is resolved utilizing Chainlink and Band prophets. Whenever a moneylender falls beneath the necessary guarantee proportion, a monetary motivator is accommodated the outlet who reimburses the under collateralized advance. GEIST liquidity mining utilizes an instrument previously presented by Ellipsis Finance. All prizes are vested for quite some time. During this vesting period, clients are as of now acquiring a portion of the income produced by the convention. Assuming a client wishes to pull out their GEIST whenever during the multi month vesting period, they might do as such by suffering a half consequence. The GEIST taken as a punishment is then dispersed to clients who decide to lock GEIST for quite a long time. This instrument guarantees consistent prizes for the individuals who effectively focus on the convention by locking their tokens.


What is GEIST token? GEIST is the local token inside the Geist convention. GEIST is an income sharing token, not an administration token. The convention has no understanding of administration or proprietorship, and furthermore no depository. All things being equal, half of all income created through loaning is dispersed straightforwardly to clients who stake GEIST. GEIST tokens can be acquired by getting them from trades like SpookySwap. It can likewise be acquired as a prize for giving liquidity on Geist.Finance.


Assets Supported - Geist is supporting the accompanying resources: FTM, WETH, WBTC, FUSDT, USDC, DAI, CRV


What are the charges to utilize Geist Finance? There is no stage charge to be paid when you get other than the promoted Borrow APY on the Markets page. geist.finance/markets


PODL presentation - The Protocol Owned DEX Liquidity (PODL) is a module that purchases LP tokens utilizing half of Geist’s FTM depository rewards. All bought GEISTFTM LP tokens are locked always to guarantee sound continuous liquidity and really making less GEIST Tokens accessible over a long enough timeframe.


Audit and Multisigs - A primer review has been performed and can be viewed as here: solidity.finance/audits/GeistP...
Additionally, Geist Finance has as of late finished a review with PeckShield with no basic discoveries. Full report can be seen as here: github.com/peckshield/publicat...


As Geist depends on Aave, large numbers of the center agreements are upgradeable by the proprietor. The group comprehends that unknown devs with the ability to update agreements may legitimately cause a few clients to feel awkward. To alleviate these worries, responsibility for Geist savvy agreements will be put behind a Timelock contract with a multi day delay for any activity.

Meanwhile, the Geist multisig is a 3/5 protected with non custodial administrator freedoms over the Geist convention. The five individuals on the multisig are:

▪️Michael Chen (Fantom Foundation)

▪️Eerie (SpookySwap cofounder)

▪️0xngmi (prime supporter DefiLlama)

▪️Aveen Hujiari (fellow benefactor Geist)

▪️Charlie (Curve Finance)