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Gearbox βš™οΈπŸ§° Protocol Profile picture
Gearbox βš™οΈπŸ§° Protocol
@GearboxProtocol
Lending reimagined ✨ Building a permissionless credit layer for everyone to enjoy. Access 10x credit across DeFi or earn passive yields: https://t.co/Ad0LNr8gpY
Sep 29 β€’ 9 tweets β€’ 4 min read
One Dollar, turned into Ten. Borrow up to 10X your @USDT0_to and use that credit across DeFi on @Plasma to turn any protocol leveraged.

Access real credit, real leverage onchain. Money Markets 2.0 are now live! ↓ Image @CurveFinance @maplefinance @Ethena_Eco @StreamDefi @USDai_Official ❔ How

Programmable dollars combined with Gearbox's Programmable Wallets, called Credit Accounts, enable users to borrow @USDT0_to with leverage.

This leveraged USDT0 position can then be deployed on permitted protocols, turning DeFi leveraged.

Opportunities below. ↓ Image
Jan 4 β€’ 12 tweets β€’ 4 min read
New year, same vision. No other resolutions, just one goal: to boost onchain credit adoption with wallet native credit.

2025 brings to life Gearbox's credit layer vision, 2025 brings more than just leverage. But exactly what? Read on πŸ§΅βš™οΈπŸ§° Image Since Gearbox launched in 2021, DeFi has seen new segments like fixed-income protocols, basis-yield derivatives, restaking and more surface.

These segments, further, saw clear leaders emerge with the concentration of users and TVL happening for certain protocols.
Aug 12, 2024 β€’ 10 tweets β€’ 6 min read
Bull market? Bear Market? On Gearbox, it's a borrower's market. This week sees borrow rates get juicier for multiple assets. Leverage up:

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

Key rates highlighted πŸ‘‡πŸ§΅ Image stETH has been the fastest growing asset on Gearbox, rising from 1K ETH to 8K ETH in TVL. Leverage stETH and earn

β€’ 24.3% APY and wstETH rewards on ETH mainnet
β€’ 7.3% APY and 2X STIMMIES on Arb

Find the strategy on the "Farms" page: app.gearbox.fi/strategies/list
Image
Dec 30, 2022 β€’ 7 tweets β€’ 3 min read
As we end the year, we also end the first two months of Gearbox V2 being live and here’s how things have been βš™οΈπŸ§°

βš™οΈ 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. Image βš™οΈ With borrowings at $62M, the utilization is at almost the optimum levels leading to organic borrow rates on stables at ​​±2% and WETH at Β±2.6%. The Lend APYs have been further boosted with $GEAR rewards. LP in to earn the below APYs: app.gearbox.fi/pools/ Image
Nov 2, 2022 β€’ 13 tweets β€’ 7 min read
π˜“π˜°π˜°π˜¬, 𝘯𝘦𝘸 𝘎𝘦𝘒𝘳𝘣𝘰𝘹 𝘴𝘡𝘒𝘡𝘴! - 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.
Oct 31, 2022 β€’ 20 tweets β€’ 9 min read
GEARBOX V2 βš™οΈπŸ§° 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 🧡 Image First of all, total TVL is capital in pools + borrowed + collateral of leverage users. As such, total number is actually > $115M at the moment. πŸ¦™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"... Image
Mar 15, 2022 β€’ 6 tweets β€’ 3 min read
gHearbox Hour w @element_fi πŸ§β€β™€οΈπŸ€πŸ€–

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? Image 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...
Dec 15, 2021 β€’ 5 tweets β€’ 14 min read
5,000 Credit Accounts to mine. 55,000+ eligible addresses. 2.5M in gas costs to deploy each one ❀️‍πŸ”₯ 5% GEAR. Become one of the early DAO members & decide the future of composable leverage 2.0! FCFS.

Special UI inside πŸ’» Dec 16 - 15:00 UTC * approx.

βš™οΈπŸ§° link.medium.com/42QsyEpY0lb etherscan.io/address/0x7B1A…
Aug 9, 2021 β€’ 7 tweets β€’ 6 min read
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 πŸ‘‡

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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