Geist Finance is a decentralized, non-custodial liquidity market protocol operating on the Fantom Opera blockchain. https://xitter.cf/t.co/bdk60WBYDD & https://xitter.cf/t.co/QQ1loCiUyq
Joined October 2021
- Tweets463
- Following10
- Followers15.2K
- Likes227
Pinned Tweet
🎂 @GeistFinance is turning 1 today!🎂
The money market of choice on #FTM 👻is celebrating this new milestone with you anons, supporting us from day 1!
A quick 🧵and a chance to win some💵💵
1/3
1/2 After confirmation from Multichain that the funds will not be recovered, we are announcing that Geist will not reopen. Because Chainlink oracles are tracking the value of real USDC, USDT, WBTC or ETH, they are not aware of the real value of Multichain assets.
Just to be clear this is in no way an attempt to blame Chainlink oracles which worked as they should. There are no oracles for the Multichain assets themselves because there was the expectation to exchange them 1:1. Nobody is to blame except @MultichainOrg here.
2/2 Those assets are currently trading at around 22% of their real value. As a result, re-enabling borrowing is impossible as it could result in bad debt for lenders of unaffected assets like MIM or FTM.
Geist has been unpaused, the protocol is operating in withdraw and repay only mode until further notice.
Transactions to disable borrowing will clear the timelock around 3.20PM UTC today. The protocol will be unpaused shortly after that.
The protocol will remain on repay and withdraw only after that until the Multichain situation is clarified.
We are currently planning to unpause the protocol and re-open in repay and withdraw only mode in 48 hours. As we have no visibility on the true value of Multichain assets being used on the protocol, this is what we think is the best way forward to minimize losses for our users.
The protocol has been paused by the Emergency multisig. We are awaiting updates from the foundation about the bridge situation.
Geist Finance retweeted
👀 Let's see the Ranked Fantom Projects by monthly Revenue
The revenue of a blockchain project shows the size of its user base, the level of engagement of its users, and more
Led by: @Equalizer0x
$FTM #FTM #Revenue
Geist Finance retweeted
📈 In the past week, the general market has bullish strongly
In the @FantomFDN ecosystem, projects continue to show their potential
👀 Let's see TOP GAINERS IN #FANTOM ECOSYSTEM IN THE LAST 7D
#FTM $FTM #Gainer
Geist Finance retweeted
⛏️ Let's explore the Top Fantom Projects based on the P/F ratio
📚 With: P/F = Market Cap / Annualized Fees
✅ This ratio can indicate the relationship between the value of the project (market cap) and the amount of fees users have to pay annually
The lower the ratio, the higher the costs => The project generates high revenue 👉 Projects with potential for future growth
#Fantom $FTM #FTM
Geist Finance retweeted
Most Traded Fantom Tokens Last 24 Hours
🥇 $HEC @Hector_Network
🥈 $MCRT @MagicCraftGame
🥉 $BOO @spookyswap
$TAROT @tarotfinance
$WIGO @wigoswap
$TREEB @retreeb_io
$LQDR @LiquidDriver
$TOMB @tombfinance
$BEETS @beethoven_x
$GEIST @GeistFinance
#Fantom #FTM $FTM
Geist Finance retweeted
🚀 Check out the top Fantom projects in the Gas Monetization Program, ranked by the total number of transactions!
Top 3 include:
🥇 @StargateFinance: 807,800
🥈 @LayerZero_Labs: 618,630
🥉 @SpookySwap: 419,280
👉 Fantom is fostering innovation and scalability
⛏️ Discover the power of Fantom's high-speed, low-cost transactions and explore these cutting-edge projects
#Fantom #FTM $FTM
Geist Finance retweeted
Top Price Gainers on Fantom Last 7 Days
🥇 $SPIRIT @Spirit_Swap
🥈 $BASED @BasedFinance_io
🥉 $QI @QiDaoProtocol
$BEETS @beethoven_x
$TOMB @tombfinance
$IB @ibdotxyz
$YFI @iearnfinance
$BRUSH @paint_swap
$GEIST @GeistFinance
$TREEB @retreeb_io
#Fantom #FTM $FTM
Geist Finance retweeted
🔥 Check out the Top Projects on Fantom with the largest number of holders! 🚀
Top 3 include:
🥇 @SpookySwap: 81,802
🥈 @beefyfinance: 25,248
🥉 @LiquidDriver: 21,232
Investors and enthusiasts alike are paying attention to these projects, driven by the potential for growth and the vibrant communities surrounding them
Don't miss out on the exciting opportunities they offer!
#Fantom #FTM $FTM
Geist Finance retweeted
Most Undervalued Projects on Fantom
Projects with low MC/TVL ratio are considered undervalued, & here are the top 10 on #Fantom. 👇
@Equalizer0x
@GeistFinance
@beethoven_x
@SpookySwap
@combfinancial
@LiquidDriver
@TarotFinance
@mummyftm
@WigoSwap
@EverRise
Geist Finance retweeted
Most Used Fantom DApps Last 7 Days. 🔥
🥇 @StargateFinance
🥈 @SpookySwap
🥉 @WigoSwap
@beethoven_x
@Equalizer0x
@mummyftm
@GeistFinance
@Spirit_Swap
@paint_swap
@EverRise
#Fantom #EverRise #FTM $FTM
Geist Finance retweeted
🔝 Top Fantom Projects by Monthly Total Value of Assets in Dapp's Smart Contracts 🔝
Top 3 include:
🥇 @GeistFinance: $33.08M
🥈 @beethoven_x: $16.83M
🥉 @Hector_Network: $4.95M
🚀 These projects demonstrate the growing ecosystem and investor confidence on Fantom
#Fantom #FTM $FTM #DeFi
Geist Finance retweeted
📢 Recently, @FantomFDN announced the release of the Gas Monetization program
👉 This program allows Fantom to reward developers for the gas usage of their dApps, which is linked to the level of traffic they bring to the platform
⛏️ Let's explore details from the program below 👇
#Fantom #FTM $FTM
Geist Finance retweeted
PROJECTS JOIN THE #FANTOM'S GAS MONETIZATION PROGRAM
dApp Gas monetization program has just added 8 new members!
Welcome:
@Equalizer0x
@mummyftm
@Hector_Network
@paint_swap
@MorphexFTM
@paraswap
@GeistFinance
@_WOO_X
Which project do you think will be involved next? 👀👻
$FTM
