What is Gearbox Protocol (GEAR)

Gearbox Protocol or GEAR (GEAR/USDT – Trade it here) is a composable leverage protocol. that promotes capital efficiency in DeFi. It provides users access to liquidity pools from a wide range of different chains. Basic information for their token is available on the MEXC Digital asset introduction page. Find out how to can win rewards by depositing GEAR now!

How to buy GEAR
What is Gearbox Protocol (GEAR)

How Does it Work

As DeFi continues to advance, we are noticing a lack of composability, causing a severe impediment to capital efficiency. Furthermore, most protocols are incompatible with each other. Meaning, users can’t simply move their assets across chains and dApps. This ultimately creates an issue of oversupply of assets and unused capital. So, how does Gearbox comes into play?

Gearbox Protocol allows users to interact with different DeFi services in a composable way. The protocol includes credit accounts that serve as collateral for many leveraged activities. Now, users can execute transactions easily. It works like margin trading for centralized exchanges but offers users the ability to trade across platforms.

As a user, you can choose between one of the two features they provide at any time. First, users can be passive liquidity providers. It has a low risk and a passive yield. Users do not need to actively manage their positions. Furthermore, they just need to provide capital and earn passive APY without impermanent loss. It will also have no lockup on your capital or withdrawal fees.

Additionally, users can choose a more aggressive direction. It is suitable for leverage users who are actively degen in top farms. It is also recommended that you are well versed in risk management and have a more active engagement in DeFi. All you have to do is open up a credit account, get up to 10x leverage and use it across multiple DeFi. Using Gearbox Protocol, you can finally choose the highest yield pool with the safest position.

Recent Price & Performance of Gearbox Protocol (GEAR)

MEXC will list Gearbox Protocol in the Assessment Zone on 08:00, December 23 (UTC). Start investing by checking out the token’s live price now!

How to buy Gearbox Protocol (GEAR)

You can buy Gearbox Protocol (GEAR) on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “GEAR” using the search bar to see the available trading pairs. Take GEAR/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of GEAR you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy GEAR] to confirm your order. You will find the purchased GEAR in your Spot Wallet.

You can find a detailed guide on how to buy GEAR token here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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Wilbur Kwok
Wilbur strives in two ecosystem – Sports and Blockchain. Hit him up now to talk about all things crypto related!