Geist Finance is a lending and borrowing market on Fantom powered by AAVE, one of the largest DeFi protocols. Unlike other protocols, GEIST has no governance or ownership, which means there is no protocol treasury. Instead, 50% of the revenue generated from borrowing is directly distributed to users who stake GEIST. Both lenders and borrowers are rewarded with GEIST tokens to encourage protocol adoption.

GEIST liquidity mining follows a mechanism inspired by Ellipsis Finance on BSC. Rewards are vested for 3 months but can be claimed immediately with a 50% penalty. The penalty is then distributed to users who choose to lock their GEIST tokens for the same duration. This mechanism ensures consistent rewards for users who actively commit to the protocol by locking their tokens.

GEIST stakers receive protocol fees, while GEIST lockers receive protocol fees and also benefit from exit penalties imposed on users who prematurely withdraw their staked tokens.