Solidex Partnership with Geist Finance

Published on: 23.02.2022

The Solidex protocol seeks to optimize yield, voting power, and liquidity provisioning on Solidly. It will allow Solidly LPs to earn boosted SOLID emissions by providing liquidity in pools. Earned SOLID can be vote-locked into veSOLID up to a maximum of 4 years. The longer that users lock, the greater the rewards and benefits, including Solidex’s native SEX token.

How will this help Geists fatten their earnings? Easy.

Geist receives:

a tokenized, fractionalized version of the veNFT (SOLIDsex);
a share of Solidex veSOLID rewards;
a SEX token allocation, amounting to a considerably rewarding partnership.

NFT Partners (as a whole) will earn 10–15% of total SEX emissions, depending on how many SEX partners join the party. Geist will receive these earnings in perpetuity because forever-money is awesome.

As early partners, Geist is rewarded with an advance allocation of SEX tokens (estimated to be about 3 months worth of emissions!) Like Solidly’s tokenomics model, SEX will have no cap on emissions. While there will be several options for SEX partners to put their rewards to use, it is likely that Geist will utilize the Solidly/Solidex flywheel to compound, maximize rewards, and build voting power over time.

All of this adds up to a massive headstart for Geist in the Solidly/Solidex ecosystem. In addition, the growing roster of SEX partners means more cooperation and cohesion in the Fantom ecosystem. Current members include:

Yearn;
Curve;
veDAO;
Ren;
Multichain;
Saddle Finance;
Geist, of course.

Geist Finance

Geist Finance is a decentralized, non-custodial liquidity market protocol operating on the Fantom Opera blockchain. The core Geist protocol is a lending market that functions near-identically to Aave. Users may borrow and lend different assets with variable interest rates.