Gearbox Protocol

Gearbox Protocol is designed with the concept of composable leverage at its core, allowing users to engage in margin trading, leverage farming, leverage liquid staking, and more, utilizing up to 10X more capital across various protocols. The protocol innovates by abstracting credit accounts, merging the functionalities of lending and prime brokerage under one framework. This enables two main user groups: lenders, who provide liquidity to earn passive yield, and borrowers, who utilize these assets to create leveraged positions across different DeFi sectors without direct management of impermanent loss concerns​​​​.

The Gearbox Protocol facilitates a range of activities aimed at enhancing capital efficiency within the decentralized finance (DeFi) ecosystem. It supports:

• Margin trading on platforms like Uniswap
• Leverage farming on Curve and Balancer
• Leverage staking on protocols such as Lido

Moreover, Gearbox enables the integration of leverage into various DeFi protocols, NFTs, and real-world assets (RWA), thus broadening the scope of leverage use in the ecosystem. The leverage provided by Gearbox is executed with real assets across third-party protocols, avoiding the need for perpetuals or funding rates. This model promotes a permissionless, non-custodial approach to leverage, where users maintain control over their funds while participating actively in the DeFi market.