Lido's Gearbox Instance Hits $25M TVL After Launch

🔧 Lido's Secret Leverage Weapon

By Octav
Apr 10, 2025, 2:19 PM
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Gearbox Protocol has launched a dedicated instance for Lido, reaching $25M in TVL shortly after launch.​ The integration creates a new wstETH credit market powered by Mellow Protocol vaults.​

Key features:

  • Up to 20x leverage for borrowers using Mellow markets
  • Lenders can provide wstETH without impermanent loss or lockups
  • Annual rewards available on DVstETH (14x) and rstETH (20x)

The partnership showcases Gearbox's institutional-grade features:

  • Customizable rates
  • Deep liquidity
  • Security-tested infrastructure
  • No liquidity fragmentation

Learn more about the Lido instance

Sources
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