Gearbox is a generalized leverage protocol: it allows you to take leverage in one place and then use it across various DeFi protocols and platforms in a composable way. The protocol has two sides to it: passive liquidity providers who earn higher APY by providing liquidity; active traders, farmers, or even other protocols who can borrow those assets to trade or farm with x4+ leverage.
The core vision is to become a backend composable leverage protocol that all kinds of users have but don’t even need to interact directly with any interface. You can envision building your own DeFi protocol and just making a “take leverage with Gearbox” as a button.
Gearbox Price Analysis
As of November 24 2024 Gearbox has a marketcap of $52M.
This is {{percentagefromath}} from its all time high of $0.03725561.
In terms of its tokenomics, there's a total supply of 10B with 100% currently outstanding.
Keep in mind Gearbox has a fully diluted value of $52M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
