Gearbox Protocol

Mission & Key Concepts

Gearbox is a generalized leverage protocol: it allows anyone to take leverage in a DeFi-native way and then use it across various DeFi protocols. You take leverage with Gearbox and then use it on other protocols you already love. For example, you can leverage trade on Uniswap, leverage farm on Yearn or Curve and Convex, make complex delta-neutral strategies involving options and derivatives, get Leverage-as-a-Service for your structured product doing complex positions, etc.

The protocol has two sides to it: passive liquidity providers who earn higher APY by providing liquidity; - and active traders, farmers, or even other protocols who can borrow those assets to trade or farm with x4+ leverage.

That is possible thanks to Credit Accounts. A Credit Account is an isolated smart contract which contains both the user funds and the borrowed funds.

Cool Features

• Composable
• 0% Funding Rates
• Leverage as a Service
• Permissionless Strategies
• Low overhead on gas

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Who governs Gearbox

GEAR tokenholders own and govern the protocol.

History & Achievements

Gearbox was founded by Mikhail Lazarev and launched in 2021.

Funding & Backers

• Gearbox Protocol has raised a total of $8M (2021-2022)
• Backers: LedgerPrime, Polymorphic Capital, Zee Prime Capital, LAUNCHub Ventures, etc.

Audits

• SigmaPrime
• Chainsecurity
• Consensys Diligence
• Mixbytes
• Peckshield

Integrations

• Up to ×10 leverage is available now on Uniswap, Sushiswap, Curve, Lido, Convex, Yearn, and more!

Core Team

• Mikhail Lazarev - Founder & CTO
• Ilgiz Gimaltdinov - Co-Founder
• Ivan GBI - Co-Founder