Geist Dai wallet

What is Geist Dai (GDAI)?

Every deposit into the Geist market on Fantom came back as a matching g-token, and gDAI is the one for DAI. It follows the Aave v2 pattern: minted one for one against the deposit, with a balance that grows in the holder's wallet as borrowers pay interest into the DAI pool, and burned when the deposit is withdrawn.

The ticker is crowded, which is the trap here. Gains Network issues a gDAI vault share on Arbitrum and Polygon, an unrelated asset with completely different mechanics and a completely different risk shape, and wallets, trackers and price sites do not always distinguish them. The Geist token exists on Fantom and nowhere else.

The DAI beneath it is also worth checking, since stablecoin balances on Fantom generally arrived through bridges rather than being issued on the chain, so the chain of claims runs receipt, bridged token, bridge. Withdrawals need free liquidity in the pool, and every action, including a plain transfer, is paid for in FTM.

In Tangem the Fantom holding is its own balance line, separate from anything held elsewhere, and the network a transfer leaves on is written on the screen you approve before the card signs. Read that line, because an EVM address looks identical on every chain and no wallet can know which one the recipient is watching. Supported networks in Tangem (1): Fantom. With a ticker reused this often, having the chain spelled out at signing time is worth more than it sounds.