Gearbox Protocol Price (GEAR)

What Is Gearbox Protocol(GEAR)?

Gearbox Protocol brings you composable leverage, allowing anyone to margin trade on Uniswap, leverage farm on Curve, leverage stake on Lido, and use 10X more capital on many other DeFi protocols you already love. Making decentralized leverage a reality thanks to Credit Account abstraction !

Gearbox Protocol uses Credit Account abstraction to bring together lending and prime brokerage in the same protocol. Lenders deposit assets to earn passive yield, while the composable leverage side users borrow these assets to create spot leverage positions, which can be used across DeFi. That could be margin trading on Uniswap, farming on Curve and Balancer, leverage staking on Lido and Rocketpool, and a lot more. All of that is made possible with Gearbox's innovative Credit Account abstraction, creating the base layer of DeFi leverage.

How Does Gearbox Protocol Work?

Gearbox Protocol allows anyone to take DeFi-native leverage and then use it across various (DeFi & more) protocols. This enables you to compose your position as you want. You take leverage with Gearbox and then use it on other protocols you already love: Uniswap, Curve, Convex, Lido, etc. For example, you can leverage trade on Uniswap, leverage farm on Yearn, make delta-neutral strategies, hedge your exposure, get Leverage-as-a-Service for your structured product, and more...   

Gearbox protocol has two sides to it:

• Passive lenders - liquidity providers who seek passive yield and prefer lower risks. This can be seen similar to providing liquidity to Compound and getting cTokens back. LPs' assets are utilized by others, for which they get APY. Any one can be a liquidity provider on Gearbox.
• Borrowers - active traders, farmers, and even protocols who wish to increase their position by borrowing liquidity from the protocol at multiples of their collateral. The liquidity they borrow can be 10x of what their notional size is. This is the leverage power!

What Are the Features of Gearbox Protocols?

• Composable. Gearbox does not have its own order book or trading environment. The leverage you get - is used across multiple DeFi protocols and assets, fully composable! For example, a yield aggregator can be on the liquidity provider side of Gearbox Protocol, as well as be an avenue for Gearbox users to deploy their leverage into. 
• 0% Funding Rates. The leverage offered is not based on derivative positions but is instead 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.
• Leverage 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. In fact, you can make all of these complex things easier to ape into, by using Gearbox's unique multicall features.

What Is GEAR token?

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. 

Gearbox Protocol (GEAR) Community

• Twitter: https://twitter.com/GearboxProtocol
• Discord: https://discord.com/invite/gearbox
• Medium: https://medium.com/gearbox-protocol
• Telegram: https://t.me/GearboxProtocol

What is Gearbox Protocol (GEAR) Contracts address?

• Ethereum: 0xba3335588d9403515223f109edc4eb7269a9ab5d