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This is a VIP page PART 1. It is a part of the continuous research on scaling DeFi and lending planned for 2025. Please keep to yourself until January.

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Check this other page to understand the traction Gearbox is already getting in the lending category and with Fat Accounts: Gearbox Dune: Explanations

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Summary

In this presentation, we go through some high-level plans (there is more to it) on how to scale the protocol and push mass adoption of lending & DeFi in general. How we go from being in a lending protocol (which already is a pretty impressive market to be in) to scaling DeFi and lending beyond the same subset of OG users and L2s. We propose a credit layer, that is already built and audited over 10 times, to be universally plugged into any wallet and interface. And we are not alone in this journey: we have developed close relationships with other wallet / account abstraction / chain abstraction teams - to push credit layer as a public good. We are gearing up for a multi-month research, whereas there is not one, but numerous research parts to it. Let’s go!

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Today? Gearbox Protocol enables regular overcollateralized loans, 10x leverage, farming, points, passive earning, and all the other operations – all delivered through a user-friendly, wallet-like experience. Go try it: https://app.gearbox.fi/pools.

But what’s next?

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Let’s try to reimagine how lending and credit work onchain!

But before we get to it, let’s not forget we are not starting from just a raw idea…

https://lh7-rt.googleusercontent.com/docsz/AD_4nXfFhobW32bHmZn3G5VCJHD59NQKbgPaxdOEdKtjTypMxHv7p3QfNJIwnar2s2tISEktBn-uoAYVbjq6ig9ZEcyxOYZuzb4WDBGl2fieDHtIuBV3qGIdLx9UOGjWRRImpJX6hjVYnw?key=DCtrJH4sWYmZHWB8-2yUkPoG

The protocol has been operational for three years since its launch in 2021 and has undergone over ten audits. It features isolated pools, per-asset unique interest rates without liquidity fragmentation and more, with Chaos Labs ensuring user safety. We have reached some significant product milestones, as highlighted in this presentation:

• Security: We have maintained zero bad debt since 2021 and have encountered no severe security incidents.
• User Engagement: over $2.5 billion in transactional volume in the past year. For context, Safe reached $6 billion, while all smart wallets combined managed $10 billion.
• Revenue Generation: The protocol has generated $4 million in profits, with a return on capital employed (ROCE) that is 5.5 times higher than Compound.

https://lh7-rt.googleusercontent.com/docsz/AD_4nXdqEFNASzq9oOx8JKr5RNj4Gnl2Ph8FZmLi259HBxxI--4Or0Hk8qdIak4kQrSnWqpcF0W_5acXGRWChz1585alsd-EB7fFU8nJzYWrTKUeYIvHGfihGis9fh4uMTZfMrqIFGTqkQ?key=DCtrJH4sWYmZHWB8-2yUkPoG