The startup operates a two-sided lending marketplace that enables users to access leverage in a decentralized manner across various protocols. Its platform offers leverage-as-a-service, allowing clients to automate and optimize their DeFi positions for improved capital efficiency.
Funding
$16K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
DeFi users often face limitations in capital efficiency when engaging with various protocols, requiring them to manage multiple applications and approvals to access leverage. This complexity hinders seamless integration and optimal utilization of on-chain assets.
Solution
Gearbox Protocol provides composable leverage, enabling users to access up to 10x credit across different DeFi protocols through a single, integrated platform. By utilizing Credit Account Abstraction, Gearbox allows users to lend, borrow, and leverage directly within their preferred wallets, streamlining the process of managing DeFi positions. This approach eliminates the need for juggling multiple applications, simplifies interactions, and enhances capital efficiency for on-chain activities.
Target Audience
The primary target audience includes DeFi traders, farmers, and other protocols seeking to enhance capital efficiency and offer leveraged positions to their users.
Features
- Credit Account Abstraction: Integrates lending and prime brokerage into a single protocol for seamless access to leverage.
- Composable Leverage: Enables the use of leveraged funds across multiple DeFi protocols, including Uniswap, Curve, and Lido.
- Credit Accounts: Isolates user funds and borrowed funds within individual smart contracts for enhanced security.
- Multicall Functionality: Batches multiple transactions into a single click, simplifying complex interactions.
- Risk Isolation: Separates user funds into individual Credit Accounts, mitigating risks associated with shared lending pools.
- Support for Various DeFi Strategies: Facilitates margin trading, leverage farming, and complex delta-neutral strategies.
- Permissionless Strategies: Allows users to implement custom strategies within Credit Accounts.