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.
First side: For passive liquidity providers who don't want to actively manage their positions and simply want to get APY rewards in the same asset.Earn passive APY
Second side: For leverage users (Ninjas, as we call them) who actively degen in top farms, manage their own risks, and are very active in DeFi.About Credit Accounts
Earn passive APY without impermanent loss. No lockup on your capital or withdrawal fees.
Just sit back and earn yield!
Are you a degen, a strategist, a protocol, a firm... doesn't matter! If you have alpha and want to earn more by using leverage – open a Credit Account. It's like your smart contract leveraged wallet: do everything you already love, but with more capital.
Organic liquid APY from the largest $-billion protocols.
Choose between the highest yields and position safety.
Delta-neutral, cross-collateral, or whatever else YOU decide.
Up to ×10 leverage is available now on Uniswap, Sushiswap, Curve, Lido,
Convex, Yearn, and more!
Build adapter to your favorite protocol and get approve by Gearbox DAO.
Gearbox Protocol is potentially composable with many DeFi & NFT protocols, and is designed as a building block, a primitive. You can build an integration for your protocol, and even ask Gearbox DAO for a grant to help you out!
While no number of audits can make any protocol fully safe, we do our best to make it as secure as possible. Please keep in mind that security is a continuous process, so make sure to verify what protocol version has been audited by who.
Review code. Prevent hacks. Build rep. Get paid.
Gearbox DAO is in charge of all protocol operations. Be it voting for parameters, new assets, protocol fees, and so on. There is no admin key in the hands of any one single person.
Join Gearbox DAO and contribute to different aspects of the protocol: governance, integrations, marketing - you name it. Our ranks are steadily growing. Other teams and firms are welcome to build composable leverage together!