What is Gearbox Protocol (GEAR)

1. Project Introduction
Gearbox Protocol is a modular DeFi protocol that enables users to execute leveraged trading in other DeFi protocols through leveraged accounts. Users can borrow leveraged funds and maintain self-custody while utilizing them in various DeFi activities like liquidity provision, lending, and yield farming. The core concept of Gearbox is to provide “leverage-as-a-service,” allowing users to participate in the DeFi ecosystem with higher capital efficiency.
Summary: Gearbox Protocol is committed to offering flexible, secure leverage tools for DeFi users, enhancing capital utilization and promoting the growth of the DeFi ecosystem.
2. Team & Investment Info
Team:
Amplice: Co-founder of Gearbox.
Ivangbi: Gearbox DAO and lobsterdao contributor and angel investor.
Funding:
$8.5 million seed round on April 26, 2022, from Hack VC, Dexterity Capital, Collab+Currency, GSR, HTX Ventures, Big Brain Holdings, Hudson River Trading, Jane Street Capital, Lunatic Capital, and JST Capital.
$4.15 million raised in August 2022 from Placeholder, Zee Prime Capital, Polymorphic Capital, Global Coin Research, and LedgerPrime.
Strategic funding in June 2023 from Wintermute, amount undisclosed.
3. Social Media URLs
X: https://x.com/GearboxProtocol
Discord: https://discord.com/invite/gearbox
4. Token Info
Token Symbol: GEAR
Total Supply: 10,000,000,000 GEAR
Token Type: ERC-20 (Ethereum-based)
Issuance/Burn Mechanism: Fixed total supply, no further issuance.
Contract Address: 0xba3335588d9403515223f109edc4eb7269a9ab5d
Token Distribution:
Community and Ecosystem Incentives: 40%
Team and Advisors: 25%
Early Investors: 20%
Treasury: 15%
For details, please refer to the white paper: https://docs.gearbox.finance/overview/whitepaper
5. Related Links
Official Website: https://gearbox.fi/
Other Info: https://www.rootdata.com/Projects/detail/Gearbox?k=ODYx
GitHub: https://github.com/Gearbox-protocol