stakeGeek

stakeGeek is a decentralized application (dApp) within the Internet Computer (ICP) ecosystem, designed to provide a liquid staking solution for ICP tokens. It allows users to stake their ICP and receive xICP tokens at a fixed 1:1 exchange rate. All ICP staked on stakeGeek go to a common neuron (non-dissolving, with dissolve delay of 6 months), which votes on governance proposals and earns staking rewards. These rewards are auto-staked into the neuron, new xICP tokens are minted in the amount of the rewards, and then they are distributed proportionally to xICP holders. APR (Annual Percentage Rate) for staking on stakeGeek is equal to the native staking rewards offered by the Internet Computer.