Geist FTM

What is Geist FTM (GFTM)?

Geist is a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.

What is the utility of Geist FTM?

• Staking:
  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.
• Locking:
  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.

What makes Geist FTM unique?

Geist Finance is a lending and borrowing market on Fantom based on one of the largest DeFi protocol AAVE. AAVE has grown to become one of the most respected and secure protocols in the space but Geist wants to do things differently. The Geist protocol has no governance and no VCs, instead it features a revenue earning token sharing platform fees between token holders and liquidity providers. The protocol will always be permissionless for everyone to use on the same basis.

Who are the founders of Geist FTM?

The team members are currently not doxed. Although, the project and it's members have been KYC'ed via third party services.

What are the future plans for Geist FTM?

Pending.