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Gearbox has launched a redesigned app delivering its new RWA leverage experience, now live in early access ahead of the Securitize and Midas (MidasRWA) markets. The app offers one-click leverage, one-cycle unwinds, and async operations with a seamless UX even when an asset takes up to a week to redeem, plus richer data and the same security.
V3 was slated to deploy to Ethereum mainnet in December 2023, with liquidity and users migrating from V2 to V3 through January 2024.
Gearbox published its V3 roadmap, a modular architecture upgrade aimed at building a credit layer usable across DeFi, NFTs, and real-world assets.
GEAR started trading on secondary markets in December 2022, with a Gate.io Startup offering launched on December 22, 2022.
Gearbox V2 launched on October 31, 2022, adding leveraged stablecoin farming, leveraged staking with Lido stETH, and cross-collateral leveraged positions.
The Gearbox DAO raised approximately $5.65 million through the GIP-10 strategic funding proposal, with participation from Galaxy Digital, eGirl Capital, Placeholder, and others.
The GEAR token generation event concluded and the protocol's DAO was formed, establishing a DAO-first governance model.
Gearbox went live on Ethereum mainnet in December 2021, introducing Credit Accounts as a composable leverage primitive. Beta was on the Kovan testnet in October 2021.
Gearbox raised a seed round of approximately $2.3 million from investors including Variant Fund, 1KX, eGirl Capital, Lido, and others.