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FAQ

Frequently Asked Questions

How quickly can I get up and running with my own staking pool?

Currently Geode Planets are not permissionless, which means deploying one requires a Governance Vote. However, when Governance and Senate approves it, running your Staking Pool takes only 2 transaction: Initiate and Approve:
  • Choose your fee, ERC20 Name/Symbol etc. as a Maintainer.
  • Choose your Node Operator(s).
Can I use many node operators at the same time for my staking pool?
Yes, you can work with any Node Operator. See a list of currently integrated Node Operators here:
Why does Geode use the ERC-1155 token standard?
Geode removes third party risks by isolating staking pools within its infrastructure. However, by using ERC-1155 we have made it possible for a protocol to integrate with every Planet derivative at once! Opening a whole new landscape of opportunities in the future!
What does Geode charge for their infrastructure?
Geode does not take any fees from the staking rewards. However, Geode can collect fees on it's secondary products such as Dynamic Withdrawal Pools and Comets etc.
How do you ensure your infrastructure is decentralized and trustless?
There are 2 ways:
  1. 1.
    Separate the storage, allow everyone to be independent while using the same underlying code and protect them from malicious Governance with Senate and elections.
  2. 2.
    Separate the funds, allow safe withdrawal methods that works even in case of a partial failure of the whole system.
How do you ensure liquidity for my staking derivative?
Withdrawal Pools are very optimized as a liquidity source, and we also handle it with care to provide the best user experience. However, ensuring and maintaining the liquidity is one of the responsibilities of Maintainers. If you don't want to go through all these liquidity and dynamism we suggest you to use Comets, which uses Withdrawal Queues.
How do I maintain control of user funds?
Controllers or Maintainers does not have access to the underlying funds. No one except the user does. But as the maintainer of a Staking Pool your responsible for maintaining the health of your derivative. To learn more, visit: