Gearbox Protocol Governance | DAO Radar

Gearbox Protocol

Gearbox is a composable leverage protocol. GEAR holders govern protocol parameters and risk decisions via forum discussions and Snapshot voting.

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Discourse·Gearbox Forum

RSS·Gearbox Blog

Snapshot·Gearbox Snapshot

1 active

activeProtocol Upgrade

[GIP-277] Reschedule and improve expiration flow of V3.0 Ethereum markets & Activate two chains

Summary This proposal reschedules the expiration date for the sunset of all Credit Accounts in v3.0 markets on Ethereum, applies non-zero limits to allow manual unwinds for specific tokens and switches deprecated rswETH feed. The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation premiums will be returned to users. LPs are unaffected and may withdraw liquidity at any time. #...

proposal/0xab02…a6D8/Jan 20

closedTreasury

[GIP-276] Return of Liquidation Profits & Fees for Expired Credit Managers

Summary This proposal aims to reimburse affected users for profits and fees generated during the forced liquidation of expired Credit Managers on Arbitrum, Optimism, Sonic, and Ethereum Mainnet, and to establish a streamlined process for future events. Specifically, this proposal entails: - Transferring 100% of the profits currently held by the DAO Old Liquidator wallet directly to the affected user wallets. - Reimbursing the portion of liquidation fees collected by the DAO Treasury. -...

proposal/0x55aA…A063/Jan 12

closedParameter Change

[GIP-275] Return of Liquidation Profits & Fees for Expired Credit Managers

Summary This proposal aims to reimburse affected users for profits and fees generated during the forced liquidation of expired Credit Managers on Arbitrum, Optimism, Sonic, and Ethereum Mainnet, and to establish a streamlined process for future events. Specifically, this proposal entails: 1. Transferring 100% of the profits currently held by the DAO Old Liquidator wallet directly to the affected user wallets. 2. Reimbursing the portion of liquidation fees collected by...

proposal/0xab02…a6D8/Jan 7

closedProtocol Upgrade

[GIP-274] Migration Timeline Update

The migration proposed on [GIP-272] will be extended until January 20th, 2026. Given that closing positions currently implies price impact, and that available liquidity is lower than initially expected, the stablecoin migration process will be extended until January 20th, 2026. Objectives of the extension: • Increase available liquidity on V3.1 pools for Credit Account (CA) migration, via a new curator and potential additional LP capital. • Provide users with additional time...

proposal/0x55aA…A063/Dec 19

closedRisk/Incident

[GIP-273] Mellow & P2P update rstETH implementation - Expire accounts with rstETH in emergency mode

Summary 1) Set the expiration date for all Credit Managers in the Chaos Labs wstETH pool to 1766235600 - UTC/GMT: Saturday, December 20, 2025 — 13:00:00 2) User-protection measure: Liquidation premium and fee will be set to its lowest value of 0.01% in affected Chaos Labs market. If a position is liquidated by the DAO Emergency Liquidator on paused Credit Managers of kpk-curated wstETH CMs which contain rstETH, then 100% of the liquidation profit (if any) will be...

proposal/0xab02…a6D8/Dec 18

closedProtocol Upgrade

[GIP-272] Final steps to sunset V3.0 markets on Ethereum

Summary This proposal initiates the sunset of all Credit Accounts in v3.0 markets on Ethereum. The objective is to migrate all remaining activity to v3.1. Any Credit Account that does not migrate before the expiration date will be closed automatically. Liquidation premiums will be returned to users. LPs are unaffected and may withdraw liquidity at any time. # Motivation Continuing to support multiple protocol versions creates unnecessary operational overhead and limits the ability to focus...

proposal/0xab02…a6D8/Dec 13

closedProtocol Upgrade

[GIP-271] Final steps to sunset V3.0 markets on Arbitrum, Optimism and Sonic. Accelerate migration on Ethereum

Author desnake ------------------------------------------------------------------------ # Summary This proposal outlines the next steps in transitioning away from the older Gearbox v3.0 markets on Arbitrum, Optimism, and Sonic. As well as completing the additional deprecation steps on Ethereum mainnet: forbid creation of new exposure, set IRMs to those were used before softer curves were introduced in...

proposal/0xab02…a6D8/Nov 18

closedRisk/Incident

[GIP-270] Budget for security audits

Summary This proposal is to request funds from the DAO in the amount of 100,000 USDC to pay for an audit of the new adapters. This is an ongoing budget that is planned to be spent as needed. Gearbox has always prioritized security. Auditing smart contracts is very important to secure user funds as well as build trust with users, so allocating a budget for auditing new adapters seems reasonable. ## Selecting an auditor and scope This budget is for a series of small audits that will audit...

proposal/0x031D…a2AA/Nov 14

closedTreasury

[GIP-269] Adjustment to Incentive Budget allocation

Summary This proposal aims to adjust and clarify several parameters of the original Permissionless upgrade proposal. The main reasons for this update are: - Feedback received from multiple curators regarding the initial design; - The actual migration schedule, which turned out to be non-simultaneous across asset types — with ETH pools active for nearly a month, while stable...

proposal/0x031D…a2AA/Nov 13

closedProtocol Upgrade

[GIP-268] Allow Credit Account migration from all DAO-governed pools; Improve liquidity for L2 markets

Author desnake --- # Summary Previously, CA migration was enabled only for wstETH and WETH pools, as they were the only ones with active curators on Mainnet. This GIP requests DAO approval to enable CA migration for stablecoin and bitcoin pools by connecting migration adapters to all Credit Managers in those markets. Additionally, this GIP includes adapter configuration updates on L2s (Arbitrum and Optimism) to ensure there is sufficient liquidity available for liquidations. --- #...

proposal/0xab02…a6D8/Oct 29

closedTreasury

[GIP-267]: Activate Gearbox instance on three prospective networks

Authors lekho.eth ## Summary This GIP proposes activating Gearbox instance on three prospective networks: Monad, Nibiru and Somnia. ## Details It is proposed to activate Gearbox instance on three networks (Monad, Nibiru, Somnia) with the following parameters: | Network | Chain ID | instanceOwner | treasury | weth | |---------|----------|----------------------------------------------|----------------------------------------------|----------------------------------------------| | Monad...

proposal/0x8cC8…aE34/Oct 28

closedRisk/Incident

[GIP-266] MixBytes Strategic Security Partnership

Authors MixBytes & Gearbox SC initiative # Overview MixBytes proposes that the Gearbox DAO consider entering into a Strategic Security Partnership—a format in which a security partner is embedded into your SDLC (Software Development Life Cycle) from architecture to post-release: design reviews, diff audits, pre-/post-deploy checks, and incident response. Key advantages: one team preserves context, predictable start windows, lower total cost through reduced onboarding and earlier risk...

proposal/0xab02…a6D8/Oct 17

closedTreasury

[GIP-265] Incentive Allocation for Plasma

Summary This proposal requests the DAO to allocate $30,000 worth of $GEAR as incentives for the Plasma ecosystem. The incentives are intended to support growth, attract liquidity providers, and enhance traction during the initial launch phase. Motivation The Plasma ecosystem represents a significant opportunity for the protocol to expand its liquidity base and drive usage. Allocating $GEAR incentives will: - Reward early participants who contribute liquidity. - Encourage broader...

proposal/0x55aA…A063/Oct 17

closedProtocol Upgrade

[GIP-264] Upgrade to permissionless: Incentives, long-term alignment, and current markets

Context & Goals ## Incentives Gearbox Protocol is transitioning to a Permissionless model. This means that independent Curators will be able to launch their own lending pools, manage risk parameters, and onboard new assets. In essence, they become owners of their own lending businesses — with full control over the risk side of their pools. As part of this model, Gearbox will receive a fee split from the pool’s protocol revenue, shared between the protocol and the Risk Curator. This creates...

proposal/0xab02…a6D8/Oct 9

closedTreasury

[GIP-263] Treasury Rebalance

Author: nikitakle ### Summary This proposal suggests rebalancing the DAO treasury by swapping one-third of its ETH holdings (≈213.6 ETH) into USDC. At the moment, ETH represents the majority of the DAO’s assets. To ensure sustainable growth and predictable operational funding, the treasury should increase its share of stable assets. Current Gearbox DAO treasury composition: ETH: $3.11M Stablecoins: $696.3K * BTC: $413K Assuming the current ETH price of $4,444, the sale of ~213.6 ETH would...

proposal/0xf3D4…d89E/Oct 8

closedMisc

Partial return of funds liquidated at 7% premium causing 70% loss of funds

Dear GEAR DAO Members, My username is star4441 in Discord and I am a new user to Gearbox and heard about the protocol on Twitter. I decided to invest around 220k in the newly released sUSDE-PT strategy looping with 10x leverage on the Plasma Chain. Within just a few hours, I had been liquidated for 70% of my portfolio due to the extremely high 7% liquidation premium. Summary of what happened: Withdrew funds to purchase more sUSDE-PT ( Left 7 days margin in the credit position). Liquidity was...

proposal/0x2d24…A131/Oct 7

closedTreasury

[GIP-262] Incentive allocation Etherlink

Summary This proposal seeks to allocate $5,000 worth of GEAR to incentivize the Etherlink USDC pool for one month. The aim is to continue supporting growth, attract liquidity providers, and strengthen the foundation of this market. Motivation The Etherlink USDC pool has shown strong initial traction, with $9.0M+ in TVL accumulated in its early phase. To sustain this momentum and maximize protocol revenue, additional incentives are needed. By allocating GEAR incentives, the proposal...

proposal/0x55aA…A063/Oct 7

closedTreasury

[GIP-261] Incentive allocation for Plasma

Summary This proposal requests the DAO to allocate $20,000 worth of $GEAR as incentives for the Plasma ecosystem. The incentives are intended to support growth, attract liquidity providers, and enhance traction during the initial launch phase. In addition, Plasma has committed $70,000/week in complementary incentives, making this a joint effort to reward participants and strengthen adoption. Motivation The Plasma ecosystem represents a significant opportunity for the protocol to...

proposal/0x55aA…A063/Oct 2

closedTreasury

[GIP-260] Incentive Allocation for Etherlink

Summary This proposal seeks to allocate $5,000 worth of GEAR to incentivize the Etherlink USDC pool for one month. The aim is to continue supporting growth, attract liquidity providers, and strengthen the foundation of this market. Motivation The Etherlink USDC pool has shown strong initial traction, with $7.5M+ in TVL accumulated in its early phase. To sustain this momentum and maximize protocol revenue, additional incentives are needed. By allocating GEAR incentives, the proposal...

proposal/0x55aA…A063/Oct 1

activeMisc

GEAR Token, Protocol and What Next

At Gearbox, we are building global lending rails for tokenised assets, designed to operate at scale and endure scrutiny. That mission comes with responsibility, and it also means confronting hard moments directly. A delisting from an exchange is not routine, and it is not something we dismiss or minimise. It

blog/Mugglesect/Jan 25

activeRisk/Incident

The End of Looping on Gearbox

Over the last few years, Gearbox became synonymous with looping. But we must admit: looping was never how leverage was supposed to work in DeFi. It was a workaround.A clever hack that relied on DEX liquidity and flashloans to bypass the hard execution composability required. For five years, this

blog/Mugglesect/Jan 7

activeMisc

Reclaiming Composability: Why DeFi’s Most Important Advantage Remains Underused

Composability has long been positioned as DeFi’s strongest structural advantage. In principle, it enables financial systems to interact seamlessly, allowing users and institutions to assemble complex strategies by combining independent protocols. This capability should unlock efficiencies that traditional finance cannot replicate. Yet despite its prominence, composability in practice

blog/Mugglesect/Dec 5

activeMisc

What Happens When Oracles Think Twice: Permissionless Oracle Design

DeFi lending relies on one invisible but essential component: oracles.These are systems that tell protocols what assets are worth. When they fail, the consequences are immediate: hacked pools, bad debt, and capital flight. But when these oracles are designed well, you deliver superior UX and reduce the risk significantly

blog/Mugglesect/Nov 14

activeMisc

Migrating to Permissionless: Guide for Borrowers

Driven by shifting industry trends, clearer regulations, and growing institutional demand for onchain credit rails, the DAO launched Gearbox Permissionless. Just six months later, Permissionless now accounts for over 70% of total TVL, has 4×ed our speed to market, and future-proofed Gearbox’s

blog/Mugglesect/Oct 20

activeMisc

Migrating to Permissionless: Guide for Lenders

blog/Mugglesect/Oct 15

activeProtocol Upgrade

[GIP-277] Reschedule and improve expiration flow of V3.0 Ethereum markets & Activate two chains

proposal/0xab02…a6D8/Jan 20

closedTreasury

[GIP-276] Return of Liquidation Profits & Fees for Expired Credit Managers

proposal/0x55aA…A063/Jan 12

closedParameter Change

[GIP-275] Return of Liquidation Profits & Fees for Expired Credit Managers

Summary This proposal aims to reimburse affected users for profits and fees generated during the forced liquidation of expired Credit Managers on Arbitrum, Optimism, Sonic, and Ethereum Mainnet, and to establish a streamlined process for future events. Specifically, this proposal entails: 1. Transferring 100% of the profits currently held by the DAO Old Liquidator wallet directly to the affected user wallets. 2. Reimbursing the portion of liquidation fees collected by...

proposal/0xab02…a6D8/Jan 7

closedProtocol Upgrade

[GIP-274] Migration Timeline Update

proposal/0x55aA…A063/Dec 19

closedRisk/Incident

[GIP-273] Mellow & P2P update rstETH implementation - Expire accounts with rstETH in emergency mode

proposal/0xab02…a6D8/Dec 18

closedProtocol Upgrade

[GIP-272] Final steps to sunset V3.0 markets on Ethereum

proposal/0xab02…a6D8/Dec 13

closedProtocol Upgrade

[GIP-271] Final steps to sunset V3.0 markets on Arbitrum, Optimism and Sonic. Accelerate migration on Ethereum

proposal/0xab02…a6D8/Nov 18

closedRisk/Incident

[GIP-270] Budget for security audits

proposal/0x031D…a2AA/Nov 14

closedTreasury

[GIP-269] Adjustment to Incentive Budget allocation

proposal/0x031D…a2AA/Nov 13

closedProtocol Upgrade

[GIP-268] Allow Credit Account migration from all DAO-governed pools; Improve liquidity for L2 markets

proposal/0xab02…a6D8/Oct 29

closedTreasury

[GIP-267]: Activate Gearbox instance on three prospective networks

proposal/0x8cC8…aE34/Oct 28

closedRisk/Incident

[GIP-266] MixBytes Strategic Security Partnership

proposal/0xab02…a6D8/Oct 17

closedTreasury

[GIP-265] Incentive Allocation for Plasma

proposal/0x55aA…A063/Oct 17

closedProtocol Upgrade

[GIP-264] Upgrade to permissionless: Incentives, long-term alignment, and current markets

proposal/0xab02…a6D8/Oct 9

closedTreasury

[GIP-263] Treasury Rebalance

proposal/0xf3D4…d89E/Oct 8

closedMisc

Partial return of funds liquidated at 7% premium causing 70% loss of funds

proposal/0x2d24…A131/Oct 7

closedTreasury

[GIP-262] Incentive allocation Etherlink

proposal/0x55aA…A063/Oct 7

closedTreasury

[GIP-261] Incentive allocation for Plasma

proposal/0x55aA…A063/Oct 2

closedTreasury

[GIP-260] Incentive Allocation for Etherlink

Summary This proposal seeks to allocate $5,000 worth of GEAR to incentivize the Etherlink USDC pool for one month. The aim is to continue supporting growth, attract liquidity providers, and strengthen the foundation of this market. Motivation The Etherlink USDC pool has shown strong initial traction, with $7.5M+ in TVL accumulated in its early phase. To sustain this momentum and maximize protocol revenue, additional incentives are needed. By allocating GEAR incentives, the proposal...

proposal/0x55aA…A063/Oct 1

activeMisc