Bull market? Bear Market? On Gearbox, it's a borrower's market. This week sees borrow rates get juicier for multiple assets. Leverage up:

• USDe on @arbitrum at 8% and earn 2X STIMMIES
• stETH to earn 24% APY & wstETH rewards
• sDAI to earn 24% APY

Key rates highlighted 👇🧵 stETH has been the fastest growing asset on Gearbox, rising from 1K ETH to 8K ETH in TVL. Leverage stETH and earn

• 24.3% APY and wstETH rewards on ETH mainnet
• 7.3% APY and 2X STIMMIES on Arb

Find the strategy on the "Farms" page: app.gearbox.fi/strategies/list

As we end the year, we also end the first two months of Gearbox V2 being live and here’s how things have been ⚙️🧰

⚙️ The TVL, despite the market conditions, has grown to $117m. ~$13M of this comes from collateral of the Ninjas and ~$104M from the LP side. ⚙️ With borrowings at $62M, the utilization is at almost the optimum levels leading to organic borrow rates on stables at ​​±2% and WETH at ±2.6%. The Lend APYs have been further boosted with $GEAR rewards. LP in to earn the below APYs: app.gearbox.fi/pools/

𝘓𝘰𝘰𝘬, 𝘯𝘦𝘸 𝘎𝘦𝘢𝘳𝘣𝘰𝘹 𝘴𝘵𝘢𝘵𝘴! - 𝘠𝘦𝘴 𝘩𝘰𝘯𝘦𝘺...

Just 3 days after launch, Gearbox V2 is now at ~$106M in the pools, whereas $51M ⚡️ is borrowed for farming/trading + ~9M in leverage users' collateral = approximately $115M TVL.

Let's look into some stats 🧵 1⃣ Credit Accounts open: 90

Only 90 CAs were needed to borrow ~49M from the pools [whereas ~2M is still not migrated by users from V1]. That's about $500K+ borrowed on average per account! $USDC currently is the most popular debt asset [38 CAs], $WETH at 35, and $DAI at 16.

GEARBOX V2 ⚙️🧰 LIVE

Oeef, 6 hours of social madness & constant monitoring! But things are normalizing now, so we can write a thread on what all the fuss is about... "OK $100M+ TVL, who cares, why is it even there, what can I do, where is alpha and who are Ninjas?!"

Let's go 🧵 First of all, total TVL is capital in pools + borrowed + collateral of leverage users. As such, total number is actually > $115M at the moment. 🦙s are on the case to fix it! Anyway, TVL is amazing, but now the question is "why is that liquidity even there, what's the point"...

gHearbox Hour w @element_fi 🧝‍♀️🤝🤖

Recap of the gHearbox Hour research talk with Element Finance developers. gHearbox Hour is a podcast that we started to do research into potential integrations on the fly.

So - is leveraging fixed & variable rates possible? First of all, we are back from the radio silence! A lot of work has been happening behind the scenes with v2 audits starting up, research for new protocols’ adapters, and onboarding contributors to Gearbox DAO. All that you can find in the next monthly community update...

5,000 Credit Accounts to mine. 55,000+ eligible addresses. 2.5M in gas costs to deploy each one ❤️‍🔥 5% GEAR. Become one of the early DAO members & decide the future of composable leverage 2.0! FCFS.

Special UI inside 💻 Dec 16 - 15:00 UTC * approx.

⚙️🧰 link.medium.com/42QsyEpY0lb etherscan.io/address/0x7B1A…

Have you ever wanted to get leverage on your favorite #DeFi protocol? To be able to margin trade on @Uniswap or @SushiSwap; leverage farm on @iearnfinance; arbitrage pegged assets on @CurveFinance & so on?

We're building that! The first article is out 👇

link.medium.com/F5U9kbxeAib Gearbox is a generalized leverage protocol: it allows you to use leverage across various DeFi protocols in a composable way. The protocol has two sides to it: passive LPs who earn higher APY; and active users who borrow those assets to trade or farm with x4+ leverage.

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