Gearbox
GEAR
Categories:
DeFi
Derivatives
Ecosystem:
Ethereum
trọng tài
Founded:
2021
Gearbox is a composable leverage protocol that improves capital efficiency within DeFi. It introduces a novel DeFi primitive called Credit Accounts, which are isolated smart contracts with predefined, whitelisted parameters such as liquidation thresholds and approved tokens. Credit Accounts contain both user funds and borrowed margin funds, and they can be deployed on any DeFi protocol. They are non-custodial, so users never give up ownership of their assets. All operations go through the Credit Accounts, giving users an easy way to move across the DeFi ecosystem and leverage-interact with any protocol they choose.
Gearbox Fundraising
Fundraising Event
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| Strategic | $5M | -- | Aug 10, 2022 |
Gearbox Team
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Gearbox
GEAR
$0
-6.79%
Total dollar volume24H
$861,868
High24H
0.005357 USDT
Low24H
0.004749 USDT
Market Cap
#595$48,480,000
FDV
$48,480,000
Turnover rate
1.78%
Circulating supply
10,000,000,000
Total supply
10,000,000,000
Max supply
10,000,000,000
All time high
0.0378 USDT
All time high date
Apr 12, 2024
Down from All time high
-87.17%
Cycle low
0.003445 USDT
Cycle low date
Nov 05, 2024
Up from cycle low
40.73%
Official links
Socials
Introduction
Gearbox is a generalized leverage protocol: it allows you to take leverage in one place and then use it across various DeFi protocols and platforms in a composable way. The protocol has two sides to it: passive liquidity providers who earn higher APY by providing liquidity; active traders, farmers, or even other protocols who can borrow those assets to trade or farm with x4+ leverage.
The core vision is to become a backend composable leverage protocol that all kinds of users have but don’t even need to interact directly with any interface. You can envision building your own DeFi protocol and just making a “take leverage with Gearbox” as a button.