Gearbox V3 mainnet deployment and V2 migration
V3 was slated to deploy to Ethereum mainnet in December 2023, with liquidity and users migrating from V2 to V3 through January 2024.
Gearbox V3 announced as the onchain credit layer
Gearbox published its V3 roadmap, a modular architecture upgrade aimed at building a credit layer usable across DeFi, NFTs, and real-world assets.
GEAR token begins secondary market trading
GEAR started trading on secondary markets in December 2022, with a Gate.io Startup offering launched on December 22, 2022.
Gearbox V2 goes live
Gearbox V2 launched on October 31, 2022, adding leveraged stablecoin farming, leveraged staking with Lido stETH, and cross-collateral leveraged positions.
Strategic DAO funding round of ~$5.65M
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.
GEAR token TGE and DAO formation
The GEAR token generation event concluded and the protocol's DAO was formed, establishing a DAO-first governance model.
Gearbox V1 launches on Ethereum mainnet
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 Protocol raises ~$2.3M seed funding
Gearbox raised a seed round of approximately $2.3 million from investors including Variant Fund, 1KX, eGirl Capital, Lido, and others.