Geeq Staking Overview

By: Geeq

Dear Geeq Community Members,

Soon we will release Geeq’s Web-Based Staking. But before we do, we wanted to provide critical information on the structure, rewards and requirements of Geeq Staking. Enjoy!

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 3 staking pools: Geeq Staking 1 (Short-term), Geeq Staking 2 (Medium-term), and Geeq Liquidity (Long-term). The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

This week, Geeq will push its Staking page live on the website, You will be able to find it in the top navigation of any page. Simply click on the contract that interests you to see its current 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, a progress bar will show how much the contract has been filled at any given time.

Progress toward 100% Filled Pool

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.

The Staking Pools:

There are three staking pools: Geeq Staking 1 (Short-term), Geeq Staking 2 (Medium-term), and Geeq Liquidity (Long-term), each with different terms and rewards.

Geeq Staking 1 Terms

  • Full Rewards: 40% annualized
  • Full maturity: 60 days
  • Early withdrawal: No early withdrawal
  • Early withdrawal: N/A
  • Pool size: 1 million GEEQ
  • Contribution closes on November 27th at 2 PM UTC.

Geeq Staking 2 Terms

  • Rewards: 60% annualized
  • Full maturity: 120 days
  • Early withdrawal after: 60 days
  • Early withdrawal: 20% annualized
  • Pool size: 500k GEEQ
  • Contribution closes on November 27th at 2 PM UTC.

Geeq Liquidity Staking:

  • Stake your Uniswap v2 LP tokens here
  • Rewards: Uniswap Trading Fees + 105% APY
  • Full maturity: 60 days
  • Early withdrawal after: 30 days
  • Early withdrawal: 40% annualized
  • Pool Size: $200k GEEQ/ETH each side lockup
  • Contribution closes on November 27th at 2 PM UTC.

What’s Next

Next we will release the GEEQ Staking website with a countdown until the staking pools open on the 20th November at 2 pm UTC. Once the countdown is complete, staking will be open!

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