

Gearbox is a composable leverage protocol on Ethereum that separates liquidity provision and borrowing via isolated credit accounts. It enables users to access leveraged funds and deploy them across DeFi strategies seamlessly.


The protocol uses Credit Accounts—personalized smart contracts that hold both collateral and borrowed assets—to manage exposure securely. These accounts interact with various DeFi applications without compromising user custody or composability.


While borrowers use leverage, liquidity providers deposit assets and earn passive yields as interest from borrowers. The GEAR token acts as the governance token for the protocol’s DAO, shaping future roadmap and features.

