Geek Protocol boosts the vitality of the future web3 economy

Geek Protocol boosts the vitality of the future web3 economy. Here is the basic information about this unique protocol.

Geek Protocol provides an effective and sustainable instrument for the social-financial web 3.0 program. It will fuel the vitality of the future blockchain economy.

Here is the kind of project that will certainly please those who follow the DeFi news because it meets a real need.

Geek Protocol, introduction:

Geek Protocol consists of Dapps and multifunctional architectures that work together to build a robust ecosystem that makes it simple for new investors and traders to use decentralized finance in the blockchain.

This ecosystem is willing to take that risk, reach out to new people and impart knowledge and information. To this end, products have been designed that blend the real world with blockchain technology so that customers can expect the unexpected when they enter this future market.

Problems:

Bitcoin hit multiple new all-time high prices in 2021 — followed by big drops — and more institutional buy-in from major companies. Ethereum, the second-biggest cryptocurrency, notched its own new all-time high late last year as well, and then crashed below $900 in June, its lowest level since the start of 2021. U.S. government officials and the Biden administration have increasingly expressed interest in new regulations for cryptocurrency.

All the while, people’s interest in crypto remains high: it’s a hot topic not only among investors but in popular culture too, thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook.

However, as of the second half of 2022, the crypto market witnessed a sharp decrease in the number of participants in the crypto space. Many people think that crypto is going into hibernation. As people who understand the nature and what cryptocurrency, and blockchain has been and will bring, we want to bring a solution to the future blockchain economy. For it to grow in the long term, we need new investors, the transition from non-crypto investor to crypto investor takes a long time. After consulting over 10,000 people, we got 60% of the answer “I don’t know anything about blockchain”.

Therefore, Geek Protocol wants to convey blockchain knowledge with the easiest approach.

Solution:

GEEK is a protocol for the decentralized trading and execution of financial products. It is designed for fully automated, end-to-end margin trading on open public networks, secured with proof of stake. We outline a novel incentivization scheme that leverages a dynamic liquidity marketplace to solve the problem of attracting and allocating market-making resources.

Permissionless innovation is enabled by Smart Products, which allows anyone to create products and propose new markets, and works in tandem with decentralized risk management to enable the safe trading of arbitrarily complex instruments.

Products on a GEEK network can reference practically any underlying price or other data feed, allowing participants to define and trade a wide range of instruments across the full spectrum of global markets. Cross-chain settlement means that the protocol is blockchain agnostic and allows trades to settle in any crypto-asset on a supported chain, paving the way for physically settling and cash-settling products, as commodity and asset tokenization become widespread.

Vision:

With over 320 million crypto users worldwide, the social and economic impacts could be enormous. With the Geek Protocol, many millions of people could improve their economic and social mobility and earn a meaningful income in the process.