Muggles⚙️🧰

Everthing Gearbox, Gearbox everything. Here to maximise shareholder value. ⚙️🧰

[Muggles⚙️🧰 @mugglesect]

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: https://t.co/MAztvemWz0

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.

[hoeem @hooeem]

Crypto class of 2021

Give advice to those just starting in crypto

The topic can be anything related to crypto

[Muggles⚙️🧰 @mugglesect]

@0xbenito_ Kills the gains on leverage side. 9.5X VBILL leverage is -22% on Euler getting in and out

Liquidators as instant redemption, composability for the rest, given you pick quality assets and issuers.

[Gearbox Protocol @GearboxProtocol]

@symbioticfi We might have a usecase for this. Soon.

[Symbiotic @symbioticfi]

https://t.co/HQlMYbLsLn

[MilliΞ @llamaonthebrink]

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!

[Superform @superformxyz]

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.

[Muggles⚙️🧰 @mugglesect]

@_vshapovalov stETH is exactly this but doesn’t behave this way on lending markets and under leverage.

Our upcoming product retains the bond like behavior even under 10X leverage

[Castle Labs 🏰 @castle_labs]

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: https://t.co/Lr5ZNvZGV2

[Agentic Finance Summit @AgenticSummit]

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 · https://t.co/9bV6kT9BNH

[Muggles⚙️🧰 @mugglesect]

@EseTeLopez @DeFi_Dad @GearboxProtocol The same credit accounts will now power leverage for tokenised assets.

Token's painful to look at but if we revive the business part, there's still hope. Will need your support soon again

[Muggles⚙️🧰 @mugglesect]

@0xNeptun @DeFi_Dad @GearboxProtocol promise to deliver the best RWA leverage tech in the space, and not in beta, far sooner than expected

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

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.

[KPK @kpk_io]

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 Protocol @GearboxProtocol]

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.

[blocmates. @blocmates]

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.

[0xmikko.eth @0xmikko_eth]

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.

[Muggles⚙️🧰 @mugglesect]

@ryanconnor @Rockaway_X @viktorfischer Amazing to see, congrats Ryan.

[ivangbi 🦞 @ivangbi_]

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 ❤️

[Muggles⚙️🧰 @mugglesect]

@0xKolten @DoctorDeFi Talking to LlamaRisk about one of those. Lemme update you too 🫡

[KPK @kpk_io]

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.