What Is Gearbox Protocol?
Gearbox Protocol allows anyone to get leverage in a decentralized way and use it across various other protocols in a composable way: margin trading, leverage farming, and more!
Gearbox Protocol Unique Features
Lerverage-as-a-Service
Other protocols can offer leverage to their users with the help of Gearbox Protocol, without modifying anything in their own architecture. As such, they also get exposure to the user base of Gearbox.
Permissionless Strategies
Positions and trades within Credit Accounts can be extended to include complex strategies, for example, making a short position farm in Yearn; or having LP tokens as collateral for more composable actions.
0% funding rate
The leverage offered is not based on synthetic positions but instead is executed with real assets on third-party protocols. Because Gearbox does not create its own trading pairs, there is no short-long ratio that needs to be maintained with funding rates.
Roadmap
TBA
Gearbox Protocol Token Economy
GEAR token is an ERC20 utility token, starting off as a governance token for the protocol – and then possibly taking any other new function the DAO could envision for it. The supply of GEAR is capped at 10,000,000,000 (10 billion) which can’t be technically changed. See that in source code.
Detailed Token Metrics
TBA
Token Distribution
Community Portion: 58%. No vesting.
- DAO Treasury Multisig: 51.00%.
- Credit Account Mining: 5%
- Community Testers: 1.267%
- Early Discord members: 0.476%
- Temporary Reserve: approximately 0.26%. No vesting.
Initial External Contributors: 1.28%. Locked > 1 year + vesting.
Initial сore contributors: 29.20%. Locked > 1 year + vesting.
- Initial core members 20%
- Initial contributors 9.20%
Company Wallet: 11.52%. Locked > 1 year + vesting
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
Gearbox Protocols received the investment from Placeholder, Ledger Prime, Polymorphic Capital and Zee Prime Capital.
