My advice to 20 yo yield farmers as a 30 yo yield farmer 1. Yields are about long term holds, unless you are airdrop farming, don't speculate on them and chase new shiny assets. 2. Understand the asset, it's backing, its redemption mechanism and DD the issuer. If you can't, don't touch it. 3. If you still want to speculate on the yield of an asset, buy @pendle_fi YTs. 4. Oracles are your best-friends, having reserve oracles on your strategies makes surviving 10X easier. Read about oracles in depth here: x.com/GearboxProtocol/status… 5. Check the Interest Rate curve. Check at what utilisation it'll be more expensive to borrow than the underlying yield you get paid. 6. Check the liquidity of the asset you want to farm and the routes the protocol has available. You don't want to get stuck on an illiquid asset. This also decides your slippage, which can cost months of yield. 7. If airdrop farming, check with the project if they'll have varying terms for the farmers. You don't want to pay borrow costs and then be left with a lot less than you expected. 8. Don't farm with your entire stack. Even the best of assets depeg, keep some to add to your stack later. 9. Don't leverage farm assets below 88 LTV with more than 50% of max leverage. (especially without fundamental oracles) 10. Don't leverage farm unless your APY is at least 2.5X of the underlying asset with leverage. 11. Lend part of your stack. You wont have to actively manage this and will be able to focus on your main farms much better. 12. Always compare projected vs. realized returns after gas, borrow, and slippage. 13. Stay in touch with your curator, check what changes they are planning and adjust accordingly. Curator channels are live on Gearbox.

Not sleeping until we drop the product I’ve been envisioning since 2020. At the time, the idea of event contracts on real world outcomes was still unproven. Polymarket had just gone live and there was like $10k liquidity across the whole app. Augur had launched its V2 which instantly flopped, and the project sunsetted shortly after. Permissionlessness was a huge narrative during DeFi summer but the idea of user created prediction markets didn’t even seem plausible. Then in 2022 there was a glimmer of hope. Polymarket had gained some traction, and I got to witness up close the chads at Thales try their hand at the first fully permissionless prediction market. It was a noble effort, but in the pre-GPT era, it was simply infeasible to let users permissionlessly create rules for random event contracts. Then by 2024 it became obvious that not only was the concept plausible, it was also inevitable. But there wasn’t an Oracle flexible enough to support the idea. So we started @Trueo_ It took a lot of foundational work. It took a lot of refining. The scalability of user created prediction markets was often called into question (occasionally even by me). Now here we are, just over 6 years to the date that I became an ETH maxi and dove down the DeFi / Oracle rabbit hole. On the cusp of releasing a product that’s the residual of concepts from the Ethereum white paper, and the product of tech innovations spanning between Crypto and AI. Sleep? Forget sleep. I’m dreaming while I’m awake. Gm

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Heading to DeFi 3.0: less monolithic logic → better security, P2P markets for any asset, agents instead of curators. @0xmikko_eth of @GearboxProtocol on the Breakout Stage at ETHConf.

We might have a usecase for this. Soon.

I’m receiving a lot of outreach from disgruntled Polymarket users who feel cheated and are looking for alternatives. Many are looking to migrate to @Trueo_, they like the idea of our resolution system, but cite liquidity as the primary barrier. Later this month we will be releasing a product we’ve been working on since last year - User Created Markets. After this release we’ll have two primary areas of focus: 1) Upgrading our oracle to an immutable, long term model 2) Focusing on improving our liquidity We already have a token so there are no cheap promises of an airdrop. Our solution to liquidity will be something more sustainable than incentives. I’ve teased about it in the past. It’s a concept we call “Smart Vaults.” A vault that bootstraps select markets using a real-time AI managed adapter. The concept is very experimental, so it won’t be open to public depositors, but it will allow us to improve liquidity conditions significantly across most markets. Some really cool stuff is coming soon, starting with UCM and an app-wide UX overhaul later this month. Stay tuned!

New Feature: Discover curators on Superform! 50 curators are now live on Superform across @Morpho, @eulerfinance, and @GearboxProtocol Use a beautiful interface to learn more about curators, view stats, and find all their vaults from one unified location.

The Vaultification of Finance: An evolution of vaults from their initial implementations to the infrastructure layer for institutional finance onchain. Featuring @Morpho @upshift_fi @veda_labs @SteakhouseFi @SentoraHQ @pendle_fi @ipor_io Full report: docsend.com/view/r3278hmn8d6…

No-code lending infrastructure for tokenised assets and RWAs, built for institutions. @0xmikko_eth, Co-Founder and CTO at @GearboxProtocol, will take the stage at Agentic Finance Summit. June 3 · New York · agenticfinance.xyz

I am starting to hunt for DeFi bear market token buys that are not only mispriced, but easily capable of running 10x in the next market-wide uptrend. I rarely look at tokens sub-$10M but being a user on @GearboxProtocol since 2022, I was shocked to see $GEAR dropped to $2.2M FDV. Total transaction volume = $13B 0 bad debt on Gearbox over 4 years Invented DeFi Credit Accounts (better than looping) Reached $400M TVL in 2024, $225M in 2025 GEAR down 93% YoY, down 99% since ATH in 2024 Annualized revenue also peaked ($56.5M) in April/May 2024 coinciding with the explosion in demand for LRTs The current $46M TVL reflects an intentional winding down of certain GB markets, with upcoming support for RWA leverage soon, tooling not available anywhere else. I believe their tech stack is superior for "looping" (it's actually more of a DeFi prime brokerage). If they can onboard the right RWAs to Gearbox and attract lender liquidity, they could easily scale to become a leading hub of RWA leverage the next few years. Note: NFA, DYOR. I do not hold $GEAR as of this post. This is never a paid post.

Update on KPK's Gearbox markets following the rsETH incident. KPK's Gearbox markets continue to operate safely. There is no direct rsETH exposure. LTVs on collateral with indirect Aave exposure has been adjusted conservatively, so lenders stay protected even in a contagion scenario. On Saturday, KPK took the following precautionary steps: • rsETH quotas set to zero, blocking any new exposure • Borrowing paused on tETH, PT-DETH, DETH and the Beefy-wrapped Balancer v3 pools that rely on Aave for liquidity (osETH/WETH, rETH/WETH, tETH/wstETH) Over the weekend, a large withdrawal from the Gearbox WETH pool pushed utilisation to 100%, driving borrow rates sharply higher. Some Beefy-wrapped borrowers are temporarily unable to close their positions, as closing requires unwrapping aEthWETH to plain WETH, which Aave is not currently servicing. This has kept rates elevated. In response, KPK has queued a change in the timelock that flattens the WETH pool's interest rate model. Once live (~14:00 UTC, 21 April), the maximum borrow rate drops to approximately 5% APY, bringing all affected strategies back to positive carry. All collateral without Aave exposure can still be unwound normally. The wstETH pool is unaffected, with utilisation there still normal. We are monitoring closely and will post further updates. If you have questions about your position, reach out directly.

Gearbox curators have no direct exposure to rsETH and the protocol continues to operate safely. In response to recent developments, @kpk_io has proactively restricted the creation of any new exposure to rsETH. Out of caution, borrowing against tETH and DETH has been paused as well. Any indirect exposure to kpk markets poses no risks to lenders and is limited to active loans backed by Balancer v3 LP tokens, which partly see underlying TVL deposited into Aave. The LTV on these positions ensure solvency even under highly adverse scenarios affecting the underlying Aave pools. kpk is actively monitoring the developments closely and users can reach out to them in case of any specific questions. Gearbox protocol continues to operate as expected.

DeFi has always been “figure it out yourself” finance. Finding yield is easy, but everything that comes after is not. Too many steps, too many apps, too much friction. So how the hell do we fix that? We sat down in Cannes for an ecosystem roundtable with @lifiprotocol, @LidoFinance, @GearboxProtocol, and @jumperapp to chat about why the system still feels broken and what might fix it.

The scariest moment in agent-driven DeFi isn’t when the agent makes its first swap. It’s when it keeps trading… and you realize it doesn’t actually understand what it’s doing with your capital.

You won’t believe me 🤫 but… Last week we had @aave @AaveChan @sparkdotfi @0xfluid @eulerfinance @GearboxProtocol @WildcatFi @LiquityProtocol @CurveFinance @Compound_xyz @inkfndhq in the same room, in person, and everyone was super constructive & didn’t fight! X algo is ass ❤️

Scaling DeFi Cannes starts soon 🇫🇷 Doors open at 4PM and merch won't last long. Don't say we didn't warn you 👀
 See you there with @eulerfinance, @GearboxProtocol, @Anchorage and @redstone_defi.

There are currently 3 pools for lending stablecoins on @GearboxProtocol at high rates (7.6-10.8%). USDC on Ethereum Mainnet = 7.66% AUSD on Monad = 9.59% USDC on Monad = 10.87% The reason I like to lend on Gearbox is because after $12.8B in transaction volume, the protocol still holds a very impressive bad-debt-free track record since launching in 2021. This is one major reason why users keep lending and farming on Gearbox. But where does organic demand to leverage farm come from? Because Gearbox Credit Accounts are superior to all forms of looping elsewhere. Gearbox leverage farming is NOT looping. Borrowers receive real credit for the full duration of their position by opening Credit Accounts. Borrowers don’t receive a one-block flashloan because they don't need it to automate manual loops. Looping is inefficient, where you repeatedly lend, borrow, and swap as you pay slippage to wind up or do the reverse when you unwind. Gearbox instead batches all of your actions from borrowing to the final swap in a single txn at no added cost. If you were to compare actual looping automation elsewhere using flashloans, you'd see significantly higher transaction fees for all that's required vs the simpler, more gas-efficient way Gearbox Credit Accounts handles creating a leveraged position. Many of us often misuse the term "looping" when describing leverage farming strategies on Gearbox but it's due to the fact that looping is an easy point of reference. So if you understand the benefits of leverage farming (excluding the downsides of creating/unwinding a looping position), that's why borrowing rates stay relatively higher on Gearbox with $71M TVL today. And that's why I monitor lending opportunities on Gearbox, because they're consistently higher and you're protected against bad debt. See for yourself: app.gearbox.finance/pools

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Gearbox ultra yield usdc on monad is once again earning 9% Lenders may be being overly cautious post USR exploit This market is currently exposed to Midas edge and curve tristable Not low risk but also not exposed to Resolv at all. app.gearbox.finance/pools/14…