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Gearbox Protocol

Multiple USDC lending campaigns across different chains

Multi-Chain

Gearbox Protocol offers leveraged composable lending with multiple USDC campaigns across various chains. Users can earn enhanced yields through efficient capital deployment while maintaining exposure to battle-tested lending infrastructure.

Current Yields

14-30% APYon USDC across chains

As of Sep 1, 2025 - Check Gearbox for latest rates

Key Features

✓Multiple chain deployment for optimal yields
✓Etherlink campaign: 30% APY
✓Hemi campaign: 17% APY
✓Ethereum (ResolvLabs): 16% APY
✓Ethereum (FalconStable): 14% APY
✓Composable leverage for enhanced returns
✓Battle-tested lending infrastructure

How It Works

1Choose your preferred chain and campaign
2Deposit USDC into the selected lending pool
3Earn yield from borrowers using leverage
4Gearbox manages risk through credit accounts
5Automated liquidation protects lender capital
6Withdraw principal plus interest anytime

Safeguards for Depositors

🛡️Isolated risk per lending campaign
🛡️Over-collateralized borrowing requirements
🛡️Automated liquidation mechanisms
🛡️Multi-sig governance controls
🛡️Regular security audits and monitoring
🛡️Proven track record since 2021

Risk Considerations

•Smart contract risk varies by chain
•Liquidation risk during market volatility
•Bridge risk for cross-chain campaigns
•Variable APY based on utilization
•Newer chains (Etherlink, Hemi) have less history
Launch App →DocumentationTwitter

📊 Rates as of September 1, 2025: APYs vary significantly by chain and campaign. Visit Gearbox Protocol for current rates and available campaigns.

Active USDC Campaigns

Etherlink

30% APY

Highest yield campaign on Tezos L2

MEDIUM RISK

Hemi

17% APY

Bitcoin-secured modular blockchain

MEDIUM RISK

Ethereum (ResolvLabs)

16% APY

Mainnet deployment with ResolvLabs strategy

LOW RISK

Ethereum (FalconStable)

14% APY

Mainnet deployment with FalconStable strategy

LOW RISK

⚠️ Risk Level: MEDIUM - While Gearbox has proven infrastructure, yields vary significantly by chain. Newer chains offer higher yields but carry additional risk.