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Stablecoin debt

Gearbox

Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Visit official site ↗ @GearboxProtocol Gearbox-protocol
Total value held · all chains
$17.5 Million
▼ -5.97% this week

84% on Ethereum · also on 2 other chains

Chains

3

Live yield options

14

Best reward rate

9.33%

Live since

2021

Where it runs

Available on 3 chains

  1. 01
    Ethereum Ethereum

    $14.4Million

    value held

    →
  2. 02
    Etherlink Etherlink

    $1.71Million

    value held

    →
  3. 03
    Monad Monad

    $1.02Million

    value held

    →

Earn here · live yield options

Yields available on Gearbox

14 live options — yields range 0.87% to 9.33% per year, with a median of 2.88%.

  1. 01
    gearbox - WETH Ethereum

    WETH

    Reward

    —

    →
  2. 02
    gearbox - USDC Etherlink

    USDC

    Reward

    0.87%

    →
  3. 03
    gearbox - WSTETH Ethereum

    WSTETH

    Reward

    1.12%

    →
  4. 04
    gearbox - WETH Ethereum

    WETH

    Reward

    2.88%

    →
  5. 05
    gearbox - USDC Ethereum

    USDC

    Reward

    —

    →
  6. 06
    gearbox - WBTC Ethereum

    WBTC

    Reward

    —

    →
All 14 yield options on Gearbox Expand →
Option Chain Reward Pool size
gearbox - WETH Ethereum 0.0% $1.15Million
gearbox - USDC Etherlink 0.87% $712Thousand
gearbox - WSTETH Ethereum 1.12% $680Thousand
gearbox - WETH Ethereum 2.88% $588Thousand
gearbox - USDC Ethereum 0.0% $501Thousand
gearbox - WBTC Ethereum 0.0% $331Thousand
gearbox - TBTC Ethereum 0.0% $220Thousand
gearbox - USDT Ethereum 0.0% $100Thousand
gearbox - USDT0 Plasma 7.04% $49.2Thousand
gearbox - CRVUSD Ethereum 0.0% $35.7Thousand
gearbox - USDT0 Plasma 0.0% $26.6Thousand
gearbox - USDC Monad 9.33% $23.7Thousand
gearbox - AUSD Monad 1.35% $17.2Thousand
gearbox - USDT0 Plasma 0.0% $13.4Thousand

How it works

Using Gearbox in three steps

  1. 1

    Lock up collateral

    Deposit a token you trust (often ETH or BTC) as collateral.

  2. 2

    Mint a stablecoin

    Borrow a stablecoin against your collateral. You keep upside on the original token, walk away with cash.

  3. 3

    Watch the ratio

    If your collateral falls in price, your loan can be liquidated. Keep a safety buffer or top up.

Read up

About Gearbox

Gearbox Protocol is building a permissionless credit layer. Designed for seamless wallet integrations, reimagining traditional lending. So you can lend, borrow, or 10x leverage - directly inside your favorite wallets in one click.

Description provided by the protocol team. Always verify directly before depositing funds.

Tokens earning here

Top tokens earning yield through Gearbox

WETH

WETH

WETH

→ USDC

USDC

USDC

→ WSTETH

WSTETH

WSTETH

→ WBTC

WBTC

WBTC

→ TBTC

TBTC

TBTC

→

Frequently asked

What people ask about Gearbox

What is Gearbox?

+

Gearbox is an on-chain app. Borrow against your crypto — keep upside on your token, walk away with cash you can spend.

Is using Gearbox safe?

+

Gearbox has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

+

Right now yields on Gearbox run 0.9%–9.3% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

+

Gearbox runs on 3 chains, including Ethereum, Etherlink, Monad. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.

See also

Terms used on this page

See every term →