Credit · Leveraged Yield · GEAR
Gearbox is a generalized leverage protocol: users open Credit Accounts to borrow against collateral and deploy leveraged positions into integrated DeFi strategies (Curve, Convex, Lido, Yearn).
Composable leverage via Credit Accounts.
GEAR price
$0.0003
-1.6% 24h
Latest data · 15 min delay
Curated asset listings joined to their typed risks, with oracles and parameters.
Gearbox is the protocol where "supported asset" is least meaningful as a flat list. Liquidity providers deposit into an **underlying-asset pool**, for example a WETH, wstETH, USDC, USDT, DAI, GHO, crvUSD, WBTC, tBTC or DOLA pool, each pool owned by a named **curator**. A borrower opens a **credit account**, a smart contract wallet that holds borrowed funds plus their own collateral, and each pool is served by one or more **credit managers** that define, per credit manager, the exact list of tokens that may sit in the account and the **** applied to each. On top of that, a credit account can only interact with the outside world through **adapters**, whitelisted contracts that translate a call into an allowed action against a specific integrated protocol such as Curve, Convex, Pendle, Balancer, Uniswap, Lido, Mellow or a specific ERC-4626 vault. The asset surface is therefore the cross product of collateral tokens with per-manager liquidation thresholds, quota limits set in the PoolQuotaKeeper which act as a per-collateral , and the adapter whitelist. Gearbox documents its price layer as "Chainlink Price Feeds, Redstone Price Feeds as well as some composite smart contract oracles", and it documents that "the current version of Gearbox has isolated lending only, in which case the risk is contained within LP pools" (Gearbox risks and T&C, Gearbox adapters and integrations). The interest rate model is a two- curve with an `isBorrowingMoreU2Forbidden` switch that hard-blocks borrowing past the second kink (Gearbox interest rate model). All numeric values below were read live on 2026-07-26 from mainnet: 21 pools, 89 credit managers, 227 collateral tokens with liquidation thresholds, and 888 adapters, via the CreditAccountCompressor at 0x4115708Fc8fe6bB392De2e0C21c2C81dA2222394 and the pool and quota-keeper contracts. Gearbox TVL is roughly $18.4M (DefiLlama Gearbox). Column mapping for Gearbox: " %" is not a Gearbox concept, so it is reported as n.a.; "Liq. threshold %" is the per-credit-manager liquidation threshold, reported as the observed range across credit managers where a token appears in more than one; "Borrow cap" is the PoolQuotaKeeper quota limit for that collateral in the named pool; there is no primitive.
| Asset | Role | Max LTV | Liq. threshold | Oracle | ||
|---|---|---|---|---|---|---|
WETH Ethereum | underlying and collateral | — | 86.0 to 99.69 across 44 credit managers, 96.99 in kpk WETH v3 Tier 1, 94.5 in Chaos Labs Trade WETH v3, 99.69 in cp0x Gearbox WETH v3 | Chainlink, RedStone or composite oracle per Gearbox docs | MTCG | |
USDC Ethereum | underlying and collateral | — | 89.9 to 97.99 across 36 credit managers, 94.5 in Chaos Labs Trade USDC v3 Tier 1, 97.99 in Invariant Group USDC, 97.9 in Edge UltraYield USDC | Chainlink, RedStone or composite | MTCG | |
Ethereum | underlying and collateral | — | 94.0 to 97.99 across 25 credit managers, 97.99 in kpk wstETH v3 Tier 1, 95.0 in kpk WETH v3 | Chainlink, RedStone or composite | MTCG | |
WBTC Ethereum | underlying and collateral | — | 86.0 to 95.5 across 15 credit managers, 94.5 in Chaos Labs Trade WBTC v3 Tier 1, 87.0 in kpk WETH v3 | Chainlink, RedStone or composite | MTCG | |
Ethereum | collateral | — | 90.0 to 95.0 across 14 credit managers, 95.0 in kpk WETH v3, 90.0 in Chaos Labs Trade WETH v3 | Chainlink, RedStone or composite | MTCG | |
USDT Ethereum | underlying and collateral | — | 90.0 to 94.5 across 14 credit managers | Chainlink, RedStone or composite | MTCG | |
Ethereum | underlying and collateral | — | 90.0 to 94.5 across 14 credit managers, 90.0 in Chaos Labs Trade WETH v3 | Chainlink, RedStone or composite | MTCG | |
ezETH Ethereum | collateral | — | 90.0 to 94.5 across 9 credit managers, 93.0 in Chaos Labs Restaking WETH | Chainlink, RedStone or composite | MTCG |
Full narratives on the Risks tab.
Risk-linked assets with no row in this entity's asset table: Curve LP, Diesel LP tokens (dUSDC, Ethena sUSDe, LRT collateral generally, LST, LSTs priced at exchange rate, Mellow Finance vault tokens, Pendle PT, Pool underlying assets: USDC, Sky sUSDS, Stablecoins priced at aliased 1.00, all pool assets), equivalents), mBASIS, mRe7YIELD, mTBILL, n.a. (per-market, n.a. (per-market), n.a. (protocol-wide), sUSDS. These are real dependencies that sit outside the curated top 20, so render them as text in the risk drill down rather than as a clickable asset row.
RedStone
Push aggregator price feeds
Composite smart contract oracles
Protocol-internal composite pricing described by Gearbox as "some composite smart contract oracles"
Borrow cap 5,000 WETH quota in kpk wstETH v3Isolated per pool
Borrow cap 30,000,000 USDC quota in Chaos Labs Universal USDT v3Isolated per pool
Borrow cap 11,500 wstETH aggregate quota limit across poolsIsolated per pool
Isolated per pool
Borrow cap 15,000 stETH quota in Chaos Labs Trade WETH v3Isolated per pool
Isolated per pool
Borrow cap 30,000,000 DAI quota in Chaos Labs Universal USDT v3Isolated per pool
Borrow cap 15,000 ezETH quota in Chaos Labs Trade WETH v3, 3,500 in Edge ETHIsolated per pool
Borrow cap 10,000 rsETH quota in Chaos Labs Trade WETH v3, 3,500 in Edge ETHIsolated per pool
Borrow cap 35,000 aggregate quota limitIsolated per pool
Borrow cap 20,000 aggregate quota limitIsolated per pool
Borrow cap 5,000,000 sUSDe quota in Chaos Labs GHO v3Isolated per pool
Isolated per pool
Borrow cap 35 LBTC quota in Chaos Labs Trade WBTC v3Isolated per pool
Borrow cap 225 eBTC quota in Chaos Labs Trade WBTC v3, 55 in Chaos Labs Trade tBTC v3Isolated per pool
Borrow cap 750 weETH aggregate quota limitIsolated per pool
Borrow cap 750 rETH aggregate quota limitIsolated per pool
Borrow cap 2,000,000 quota in Chaos Labs Universal USDT v3, 6,000,000 aggregateIsolated per pool
Isolated per pool
Isolated per pool
Isolated per pool
These dated PT tokens remain configured with thresholds between 85.0 and 88.0 in live credit managers although their maturity dates have passed, so the configuration is stale relative to the current date
Quota limit of 35 LBTC in Chaos Labs Trade WBTC v3, a small fraction of the pool, indicating a deliberate exposure cap
Quota limit of 400 in Chaos Labs Trade WETH v3, the smallest LRT quota observed
1,000 each in Chaos Labs Trade WETH v3 versus 15,000 for stETH and ezETH
70.0 to 80.0, reflecting governance-token volatility and thinner on-chain depth
85.0 in Chaos Labs Restaking WETH, the bottom of the restaking ladder
90.0 across five credit managers but 80.0 in Edge UltraYield USDC, the lowest threshold in that pool
Gearbox documents that "the current version of Gearbox has isolated lending only, in which case the risk is contained within LP pools", so there is no cross-pool E-Mode
The interest rate model exposes `isBorrowingMoreU2Forbidden`, which blocks new borrowing beyond the second utilization kink
Curated list ranked by size and strategic importance; not the exhaustive on-chain asset universe. Data as of 2026-07-26.
