Geode Finance User Experience

nftmatrix

nftmatrix

I decided to try out Geode Finance on the Ethereum Goerli testnet. This was my experience.

  1. You choose whether you want to run a staking node, or if you want to be a part of a an existing staking pool as a node operator. I wanted to see what it will be like to create a staking pool.

post image

2. You then name the staking pool.

post image

3. Afterwards, you set a maintenance fee. I set 4%.

post image

4. You then choose if you want the pool to be public or not.

post image

5. There are different types of token types, but you don’t necessarily need a separate token.

post image

I chose ERC 20 and had the option to name it.

post image

6. Geode gives you the option to have a liquidity pool. I decided to go for it due to the benefits explained.

post image

7. You then create a withdrawal contract.

post image

8. After all those steps. the pool information is summarized and you can go ahead and deploy the pool.

post image

I found this process to be very intuitive. There are a lot of options available for operating a staking pool. I appreciated the straight forward UX, as well as the explanations of the benefits of different options. I think that this protocol will go far in allowing true decentralized ETH staking.

Test it yourself at https://stake.geode.fi/stakingpools

Geode Finance User Experience