Geist Finance Review

Geist Finance launched on October 5, 2021, on the Fantom blockchain as a decentralized lending platform with a unique approach inspired by Aave. In a matter of days, it attracted considerable interest, accumulating over $11.1 billion in locked assets. Unlike many DeFi projects, Geist decided to focus solely on user rewards rather than governance features or venture capital funding. This approach allowed it to offer 50% of its revenue directly to holders of its native token, GEIST. Through lending, borrowing, and liquidity mining, users could earn GEIST tokens as rewards, making the platform attractive to the Fantom community. However, in 2023, a security incident involving a Multichain hack led to the protocol’s permanent shutdown, as it became challenging to ensure accurate pricing and secure operations.

$4 266

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Crypto earn alerts on Geist Finance

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Geist Finance, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Geist Finance.

Earning crypto on Geist Finance

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Geist Finance. Check the table above for all the details.

Current TVL of the Geist Finance protocol

The Geist Finance protocol's Total Value Locked (TVL) is currently $4 266. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Geist Finance is holding.

Geist Finance protocol type

Geist Finance is a decentralized finance lending platform that allows users to earn interest by lending assets or expand their holdings through borrowing. Built with smart contracts, Geist Finance provides a secure and transparent environment for transactions, offering flexibility and control without traditional intermediaries.

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