Gearbox Protocol

There's no looping on Gearbox anymore. Why? Because there never was. Looping is fundamentally inefficient. You borrow against your deposit, buy more of the same asset, and redeposit it repeatedly to create leverage. Every step bleeds efficiency. ◾️ Looping manually? Repeatedly buy on DEXes and pay slippage. ◾️ Want to automate? Incur cost for a tool. ◾️ Don't want to incur slippage? Manually mint the asset at every loop. ◾️ Want to close a loop by unstaking assets to avoid slippage? Months lost to unstaking every loop. ◾️ Want to change the asset you loop? Wind down your current loop and create another. ◾️ Want to loop a non-tokenised or non-DEX asset like Convex staked positions? You can't. Looping isn't just yield-inefficient, it also limits protocols to lending only against tokens and never against contracts, stifling the innovation composability makes possible. And that's why Gearbox has never had looping. Leverage on Gearbox has never been built on loops, but on credit. Borrowers don’t receive a one-block flashloan; they receive real credit for the full duration of their position by opening Credit Accounts. ✅ Leveraging manually? No need, Gearbox can batch all of your actions from borrowing to the final swap in a single transaction at no additional cost. ✅ Don’t want to incur slippage? Use your credit to mint from the contract instead of swapping at a DEX and save months of yield. ✅ Unstaking a leveraged position? You can unstake your entire position in one go, with zero slippage and in a fraction of the time. ✅ Want to switch the asset you leverage? No need to pay back the credit, simply swap it to another asset. ✅ Want exposure to a non-tokenised position or an asset with zero DEX liquidity? Your credit flows through DeFi, unlike your loops. Composability isn’t about putting tokens in a lending pool, it's about protocols building on each other to create new, innovative financial primitives. The future of credit isn't stuck in a pool. The future of credit isn't limited to DEXes and tokens. The future of credit powers everything in DeFi. The future of credit is Gearbox Permissionless, DeFi's permissionless leverage layer. ⚙️🧰

Scaling DeFi returns during @EthCC. 🇫🇷 Thanks to our sponsors @eulerfinance, @GearboxProtocol, @Anchorage and @redstone_defi for making it possible. Featuring speakers from leading DeFi protocols and institutional teams. March 31 · Cannes

Introducing the Chapter Takeover curated by Tulipa Capital. For the next week the infiniFi points page transforms into a boosted Gearbox Chapter & so do the point multipliers. infiniFi Points Boost Multiplier: • 13.5x for siUSD • 9x for liUSD 1wk

🏦 EarnETH: DeFi rewards made simple The EarnETH vault allocates capital across established DeFi protocols including @aave, @Morpho, @pendle_fi, @GearboxProtocol, @maplefinance and more, dynamically shifting toward stronger opportunities as conditions change. Deposit to receive earnETH, designed for daily auto-compounded DeFi rewards.

@bonnazhu @sonyasunkim It’s close but on Gearbox, users won’t need external liquidity. They will be able to utilise the existing vault liquidity for Prime Brokerage and automated leverage itself. Lowers fee + borrow rate volitility that external lenders can induce

@sonyasunkim @sonyasunkim great write up, inspires me to write something on this topic as well. Also reminded me of @GearboxProtocol's Credit Account infrastructure, which essentially does the similar thing for on-chain looping, and lends up to a few x in a single atomic transaction.

1/ New collateral is live in kpk-curated markets on @GearboxProtocol: tETH / wstETH LP (from @TreehouseFi) via a Beefy-optimised Balancer v3 boosted pool. Usable as collateral in both WETH and wstETH markets, and loopable on Gearbox.

Update for borrowers of legacy V3 pools curated by Chaos Labs. As we transition to a lending stack purpose-built for tokenised assets and automated RWA leverage, the legacy V3 markets curated by Chaos Labs will be sunset. While this marks the next phase of Gearbox as infrastructure delivering real-world lending for real-world assets, borrowers on legacy V3 markets (Chaos Labs only) are required to take the necessary actions. • What users need to do: Migrate your position to the permissionless markets set up by other curators, or close your positions. • What happens if you don't: The markets will deprecate on 16 March, and as the LT reduces, users may face liquidations. To minimise the impact, the liquidation fee has been reduced to near-zero (0.01%). Users will be able to withdraw their collateral in case they face liquidations. • Why is this being done? As we move towards delivering automated leverage and lending rails for tokenised assets, managing our legacy stack without a dedicated risk manager is neither safe nor aligned with Gearbox's long-term ambitions. To minimise risks, these legacy markets need to be sunset. The sunsetting of V3 markets does not affect borrowers in any other curator markets apart from Chaos Labs, and no action is required from them. If you have any questions, please reach out to us via DMs, Discord, or TG.

Level up your digital wealth now. Autocompound on Beefy with your LP collateral on Gearbox to unlock borrowing power and yield.

On @GearboxProtocol, the RAAC Bots discovered a legendary fire… one that forges golden yield with pmUSD 🔥 - Farm 23% APR - Use leverage - Earn RAAC Points for supplying USDC In the crypto jungle, we don’t compete We compound PVE is the way ✊ Curated by @tulipacapital

$27M in pmUSD LPs on Curve, grateful for the momentum🙌 In less than 2 months, RAAC's first product has grown into a meaningful stablecoin yield opportunity in DeFi, currently still offering up to 27% APR on Curve Finance: pmusd.raac.io This growth has been supported by recent integrations across the ecosystem. LPs can now optimize yield through @ConvexFinance, @StakeDAOHQ, @yearnfi, and @beefyfinance. Yield farmers can explore leveraged strategies via @GearboxProtocol as well. Borrowing strategies with @roycoprotocol are also live, adding more flexibility around pmUSD liquidity. And of course, the team is working hard on more integrations. But we’re still early 👀 Ahead of our TGE in H1 2026, we’re building the next layers of the RAAC ecosystem, and new products will be launched in the next few weeks. RAACLend & iREET will mark RAAC’s first concrete step into tokenized real estate and unlock new RWA-backed yield strategies. Finally, remember that all pmUSD liquidity providers are automatically eligible for our ongoing Points Program leading up to the TGE.

@summerfinance_ When summerfi RWA low-risk pool? Curators about to bring real leverage to AAA rated assets

@GearboxProtocol Okay this is actually a big unlock

The next phase of Gearbox transforms RWA leverage. ▪️ 1-click deployment ▪️ Zero slippage ▪️ No DEX dependency ▪️ Instant unwind With credit lines for the largest issuers now under development, Gearbox will soon unlock the most capital-efficient leverage for tokenised RWAs.

@DeFi_Dad We might have another play to make @infiniFi 👀

@GearboxProtocol Instant unwind is what I need 🫡

RWA looping is not new, but everyone’s suddenly realizing how big the demand will be. Great teams recognized this long before CT’s recent light bulb moment, and have been working on it, some for years! In this upcoming mania of demand for RWAs, @GearboxProtocol should almost rebrand to RWAbox—it has the most powerful calibrated tools onchain to achieve looping exposure but ironically you don’t actually loop. Instead, they give you credit accounts so you can skip the gas costs and transactions and achieve the same net exposure as RWA looping (ie 7x @avantprotocol savUSD/USDC). Gearbox introduced Credit Accounts years ago, but they were so far ahead of the times. The demand to loop wasn’t there without reliable yield-bearing collateral and growing confidence in few stablecoins and pegged assets. But times have caught up, and thankfully they kept building on these Credit Accounts for leveraged exposure. Gearbox has its own liquidity you borrow from, but combined with their Credit Account, they’ll allow you to deposit say $100 of savUSD and achieve 7x exposure borrowing enough USDC to auto-swap and achieve $700 of savUSD. Then by holding it in self-custodial Gearbox Credit Accounts, they’ll hold you accountable for the proper liquidation, protecting lenders per usual, if your interest eats up your position but there’s no panicked unwind—it would just mean selling the collateral in your Credit Account and paying back debt all in one fell swoop, skipping the intense looping txns we regularly rely on when looping on a platform like Morpho, Aave, or Maker. As a result, users enjoy: ✅ Dirt cheap gas costs even on Eth L1 with 40x leveraged positions ✅ Multichain curator-driven market pairings, with isolated liquidity to borrow from ✅ Precise near 0-slippage position creation ✅ “Automated Protection” is even available with a Deleverage Bot to keep your HF safe As RWA looping ramps up, take a look at these tools, the Credit Account control and precision is a significant advancement compared to the way we borrow on any other platform. ⚙️ gearbox.fi

@fudjio1337 @MikeIppolito_ Depends on what the issuer requires, for most pools, lenders can permissionlessly deposit.

@GearboxProtocol @MikeIppolito_ If I understand correctly, borrowers need to go through KYC, but what about LPs? Will they also need to pass KYC, or are you building a model similar in Maple but specifically for RWAs?

Looping RWAs is going to be massive. The market for convergence trading on treasuries alone is almost $2T. Now imagine running that with every asset in the world onchain.

Meanwhile on @GearboxProtocol... ETH loopers are printing 💸 48% APY on @Rocket_Pool ETH LP 28% on @stakewise_io ETH LP 24% on cbETH and... new collateral coming in <24h 🤫

how ze @GearboxProtocol unlocks RWA lending onchain lending has been stuck using garbage collateral BUT (good) RWAs fix that, treasuries, funds, structured credit that can scale beyond anything crypto-native BUT existing DeFi can't handle them (BUT Gearbox is building) le problem with RWAs in traditional defi: - pool-based lending assumes instant transfers and DEX liquidity, ze RWAs have neither - redemptions take days/months, not seconds, makes looping and flash loans impossible - compliance is per-borrower, not per-pool...regulation breaks the shared liquidity model - rehypothecation (borrow someone else's deposits) is often non-compliant for RWAs - protocols built for tokens, not issuers BUT with RWAs, the issuer contract is what matters WHAT le gearbox does differently: - credit accounts = isolated smart contracts that function as programmable credit lines for EACH borrower - composable with issuer protocols, not just tokens, they integrate at the contract level where minting/redemption actually happens - direct credit at the source borrow to mint RWAs directly from issuer contracts, no secondary market loops needed - respects redemption schedules and compliance requirements natively, the architecture is built for non-atomic assets - delivers leverage without DEXs or flash loans, credit lines work WITH RWA mechanics - borrower-specific credit positions which enables institutional-grade exposure management and regulatory compliance (holy moly) why this matters? RWAs are the highest quality collateral crypto has EVER had access to....mucho scaling traditional pool models will cap out, they're fundamentally incompatible with how RWAs work lending markets that win will be measured by ability to deliver credit aligned with issuer requirements gearbox isn't not force-fitting RWAs into legacy DeFi, oh no, they're building lending infrastructure that works how they actually operate this is how traditional credit markets work...financing at the source, structured for the asset class Le Gearbox actually building for the future of finance disclaimer: linn is an gearbox ambassador and user

@Marcus_Balancer @Balancer @stakewise_io @Rocket_Pool 🫡

@GearboxProtocol @Balancer @stakewise_io @Rocket_Pool 🫡

Turning DEX liquidity into active collateral, @Balancer pools are now live. LP with 10x your size into @stakewise_io and @Rocket_Pool pools, exclusively on Gearbox. Curated by kpk, built on Permissionless.

1/ We’re expanding collateral coverage across kpk-curated markets on @GearboxProtocol with new ETH-based assets from @Rocket_Pool and @stakewise_io to keep offering competitive ETH looping strategies. New collateral: • rETH / WETH • osETH / WETH