Tell us about your Company (Geode Finance)
Geode Finance offers projects on PoS chains the ability to have their own white-label staking solution. If we take Avalanche as an example when a project integrates with Geode, it can allow its users to deposit AVAX to receive their own yield-bearing staking token which represents AVAX staked in validators, thereby securing the Avalanche blockchain & earning the yield associated with this action.
Our goal is to unlock yield and dramatically increase capital efficiency for users by allowing the staking tokens of the projects that integrate with us to be widely used within the whole of DeFi.
Who are you and what is your specific role in the organization?
My alias is “Oranges”, I am Co-founder, COO, and Partnership lead for Geode Finance. My job is to run the operations and biz dev for Geode.
What was your journey like to get where you are?
I started to get involved in DeFi in early 2020, starting off by investing in the space and learning as much as I can about the various different projects on Ethereum. One thing led to another and I ended up working for a vanilla staking service provider on the Ethereum blockchain in my spare time. It became apparent when working for this DAO that there were some fundamental security issues associated with vanilla staking providers and myself along with a few colleagues left in a bid to change this and improve
on the current vanilla “staking as a service” offering, which gave birth to Geode Finance.
What is your company doing in the crypto space and what value do they bring to the DeFi ecosystem?
We are offering projects the ability to have their own staking solution whereby they keep full control of the funds and can charge what they wish to their users for the service we allow them to offer.
Not only is this a big revenue driver for the projects who integrate with us, but it de-risks staking for these projects and their users and allows the project to create new and innovative yield generating products, services, or partnerships that would not be able to happen otherwise.
What about cryptocurrency and the blockchain are you most excited about in the future?
I am most excited about Ethereum’s migration from PoW to PoS, the development of layer 2’s, and the use of roll-up technology. As Ethereum starts to scale, it will open the doors for so many new participants to come into this industry and to participate and see all the benefits of DeFi. Ethereum moving from Pow to PoS is also a big milestone with many benefits, but also opens up the opportunity for proper liquid staking on the chain which is very exciting for Geode and its partners.
Why should the average person be paying attention to cryptocurrencies and the blockchain?
Blockchain embraces true digital ownership, whether that’s complete control of your funds or through NFTs. It is a new avenue for innovation, growing at a tremendous rate that has the ability to change the way society can be run. We are living in an ever-increasing digital world and blockchain technology is the next step in this journey and people who understand and can navigate this world today will be at a huge advantage going forward.
Why should current DeFi investors/users pay attention to what your company is doing?
Users should pay attention because we are/will be giving them the opportunity to passively earn an additional yield on their base assets ( AVAX / ETH etc). Investors should pay attention because we are changing the way people stake on PoS chains, opening staking up to any project, and disrupting the current monopolies.
What is your long-term vision and where do you see Geode Finance in the coming years?
Our long-term vision is for our implementation to be live across all PoS chains and for all base assets on those chains to be yield generating. Yield generating ETH will replace regular ETH within DeFi applications, growing yields across the whole of DeFi.
