Geeq Staking Update

By: Geeq

An important update regarding our webstaking.

Dear Geeq Community Members,

Soon we will release a new round of Geeq’s Web-Based Staking. After the success of the last round, we have decided to open up 2 new pools. We are happy to announce we will continue to bring you a webstaking option!

We will offer a new Geeq Staking pool and a Geeq Liquidity pool. 

The new Geeq Staking 11 pool will have the following changes:

  • Pool cap increased to 3.5 million from 3 million tokens

The new Geeq LP Staking pool will have the following change:

  • Pool cap will be 1500 LP tokens

Please notice the timing is exactly the same time that our previous round of web-staking reaches full maturity.

The terms of the new staking pools are as follows

Geeq Staking 11

  • Full Rewards: 20% annualized
  • Full maturity: 90 days
  • Early withdrawal: 60 days early withdrawal
  • Early withdrawal: 10% annualized
  • No Minimum, MAX stake allowed 200,000 $GEEQ
  • Pool size: 3.5 million GEEQ
  • Contribution window opens on Thursday  2nd February @ 4 pm UTC
  • Contribution window closes on Thursday 16th February @ 4 pm UTC if pool is not filled before then

Geeq LP Staking 

  • Stake your Uniswap v2 LP tokens here
  • Rewards: Uniswap Trading Fees +100% APY
  • Full maturity: 90 days
  • Early withdrawal after: 60 days
  • Early withdrawal: 10% annualized
  • Pool Size: $100k GEEQ/ETH each side lockup
  • Contribution window opens on Thursday  2nd February @ 4 pm UTC
  • Contribution window closes on Thursday 16th February @ 4 pm UTC if pool is not filled before then

If you are unsure of how to provide liquidity please follow this guide

General Overview

Geeq Staking can be likened to a savings account — it offers constant time-based returns based on the duration of your staking commitment. In other words, the longer you stake, the higher the rewards.

First, it is pool based. Meaning it is a group activity with multiple contributors for each staking contract.

Second, it is flexible. Meaning you have the option to withdraw early, stake until full maturity, or withdraw somewhere in between. But be warned: leaving early comes at a cost.

Third, it is all about liquidity. Meaning you have the option to stake your UNI-LP tokens for the Geeq/ETH pair, thus earning both uniswap fees + a great APY.

There will be 2 staking pools: Geeq Staking 11 and  Geeq LP Staking The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

On Thursday  2nd February @ 4 pm UTC the new web-staking pools will open on Geeq’s Staking Page. All information regarding the Token, including Token Announcements, Token FAQs, Staking FAQs and step-by-step instructions, are under “Token” in the top navigation of the website.

Simply click on the contract that interests you to see its details. Then connect your ERC-20 Web 3 wallet to the contract, deposit your $GEEQ into the pool, and stake until you wish to withdraw. When you wish to withdraw, have your principal and rewards sent back to your wallet. Easy!

Requirements for Staking

Here are the requirements:

Metamask: GEEQ Staking requires an ERC-20 wallet extension such as Metamask, or a compatible Web 3 wallet which will automatically link to our staking contracts. This is the wallet address you will contribute from and where your earned rewards will be distributed upon withdrawal.

Once the staking pools are opened, they will continue to stay open until they are filled or the 2 week contribution window ends, whichever comes first. If you wish to know the exact percentage of the pool that is filled, please click through to the contract.

Full Maturity

Stake until full maturity to receive maximum rewards. Maturity will have a date and time assigned at which time full rewards will be available for withdrawal, so you will know exactly when you can withdraw to receive the maximum rewards.

Early Withdrawal

GEEQ Staking offers an early withdrawal option for flexibility. Early withdrawal will have a date and time assigned so you will know exactly when you can withdraw early.

Although rewards are lower for early withdrawal, they increase linearly every day — past the early withdrawal date right up until full maturity.

In other words, if you withdraw after the early withdrawal date and closer to full maturity, rewards will be higher, but still less than full maturity.

Here are the details of the next round of Geeq Staking, which opens Thursday  2nd February @ 4 pm UTC

The Staking Pools, Terms and Conditions:

There are two staking pools: Geeq Staking 11 and Geeq LP Staking, each with different terms and rewards.

Geeq Staking 11

  • Full Rewards: 20% annualized
  • Full maturity: 90 days
  • Early withdrawal: 60 days early withdrawal
  • Early withdrawal: 10% annualized
  • No Minimum, MAX stake allowed 200,000 $GEEQ
  • Pool size:  3 million GEEQ
  • Contribution window opens on Thursday  2nd February @ 4 pm UTC
  • Contribution window closes on Thursday 16th February @ 4 pm UTC if the pool is not filled by then. 

Geeq LP Staking

  • Stake your Uniswap v2 LP tokens here
  • Rewards: Uniswap Trading Fees +100% APY
  • Full maturity: 90 days
  • Early withdrawal after: 60 days
  • Early withdrawal: 10% annualized
  • Pool Size: $100k GEEQ/ETH each side lockup
  • Contribution window opens on Thursday  2nd February @ 4 pm UTC
  • Contribution window closes on Thursday 16th February @ 4 pm UTC if pool is not filled before then.

For your convenience, we keep track of all the pools’ dates and times here.

If you have any questions about staking and how to stake, including how to provide liquidity, please follow our guides in Geeq’s Staking FAQs.

What’s Next

When we update the GEEQ Staking website, it will have a countdown until the staking pools open on Thursday 2nd February @ 4 pm UTC. Once the countdown is complete, staking will be open!

Alternative Geeq staking Programs

We have been running a Staking pool with great success on AscendEX since the launch of the Geeq token, offering an 18% compounded APY and more recently we have opened staking up on Kucoin offering 18% APY Should you wish to use this staking option as an alternative.