Geist Finance is a decentralized, non-custodial liquidity market protocol operating on the Fantom Opera blockchain. 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.

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.