Gearbox Protocol: DeFi Lending's Unlikely Comeback Story

Gearbox Protocol defied the DeFi graveyard, rebounding from an 80% TVL drop to $340 million by prioritizing utility over airdrops. Its secret? Credit accounts: smart contract wallets enabling leveraged DeFi strategies across multiple markets, unlike giants like Aave. A March update, Permissionless, expanded Gearbox to 27 blockchains, tripling its reach. Plus, battle-tested risk management—demonstrated during the ezETH depeg—keeps Gearbox debt-free since 2021. Hosted on Acast. See acast.com/privacy for more information.