Gearbox Protocol

Gearbox DAO has released a comprehensive self-evaluation of its position in the DeFi lending market. The report highlights: - Current state of DeFi lending, including challenges and opportunities - Gearbox's unique value proposition and competitive advantages - Analysis of key metrics and performance indicators - Future roadmap and strategic initiatives The DAO emphasizes its commitment to transparency and continuous improvement. They invite community feedback to shape the protocol's future direction. Key takeaways: 1. Gearbox aims to differentiate through innovative features and risk management 2. The protocol has shown resilience in volatile market conditions 3. Plans for expansion and new product offerings are in development The report serves as a benchmark for Gearbox's progress and a guide for its future evolution in the DeFi space.

Gearbox, a prominent player in the web3 space, has announced significant scaling efforts to enhance its operational capacity. The company has expanded its team with key additions: - New Integrations Coordinator - Additional Product Manager - New Frontend Developer Alongside these hires, Gearbox is undertaking a comprehensive revamp of its visual identity and communications strategy. The company shared a brief overview on Twitter, but encourages stakeholders to read the full article for more detailed information. This expansion signals Gearbox's commitment to accelerating its development and shipping processes. For the complete update and in-depth analysis, visit the official announcement on Twitter: https://x.com/ivangbi_/status/1839583051015208962

Gearbox mainnet has over $40M of unutilized ETH available at attractive rates. Users can consider several strategies: - Semi-passive leverage with $stETH, $rETH, or $osETH for 15%+ APYs - Short ETH at predictable rates - Borrow ETH using other assets as collateral - Farm points with $zETH, $weETH, $rsETH, and $rswETH Stablecoin pools are nearing peak utilization. Users can supply $DAI, $USDT, $GHO, or $USDC for passive income. Gearbox rates offer more stability compared to funding rates, providing reliability for positions.

Gearbox Protocol is urging users to jump into V3 passive lending to take advantage of better rates. The updated UI will assist in migrating from V2 to V3, even without organic rates.

The Gearbox Protocol community is preparing to vote on a new governance framework. The proposal includes a new fee multisig system and the potential for cross-chain voting. Members can find more details and join the discussion in <#1177177691842166844>.

GM provided an update on the GEAR supply and circulating tokens. The majority of vestings will end in December 2023, with only a few remaining vestings extending until summer 2024. Over 40% of the GEAR supply is held by the DAO and is not allocated to anyone. The purpose of V3 is to re-create the spread of rates between lenders and borrowers without relying on distribution incentives. All vesting contracts and participant details are available for transparency.

Gearbox will be participating in the hackathon in Istanbul with the theme of Gearbots. The event will focus on making it easy for developers to create onchain bots with features such as DCA, TWAP, copytrading, and gasless transactions. Participants have the chance to win $10,000 in prizes, as well as hoodies and stickers. More details on prizes, project ideas, and services are available on the ETHGlobal page. Those interested in joining a team or seeking hackathon-specific assistance can join the ETHGlobal Discord channel or Telegram chat.

Gearbox Protocol announces the release of V3, aimed at advancing the evolution of onchain credit. The new version offers new integrations, higher yields for lenders, and increased revenue sources for the Gearbox DAO. V3 features minimum viable tokenomics, risk-specific lending pools, automation on-chain, collateral limits, and L2 capabilities. The release is scheduled for November.

Gearbox DAO has returned with the launch of Gearbox V3, aiming to push forward the Onchain Credit evolution. The new version features minimum viable tokenomics for revenue split through Gauges, risk-specific lending pools using ERC4626 tokens, Gearbots and automation on chain, and collateral limits and L2 capabilities. The platform is modular, composable, and powered by Credit Account {Abstraction}. More details can be found in the article.