$0.005339
-10.29%
$0.005249
24h Range
$0.005998
Market Cap
$53,386,840.0
Fully Diluted Valuation
$53,386,840.0
24 Hour Trading Vol
$1,123,166.8
Circulating Supply
10,000,000,000.0
Total Supply
10,000,000,000.0
Max Supply
10,000,000,000.0
Gearbox Protocol Price
$0.005339
24h Range
$0.005249 - $0.005998
Percent Change 1h
1.17%
Percent Change 24h
-10.29%
Percent Change 7d
-19.49%
All-time high
$0.037
All-time low
$0.003454
1D
7D
1M
1Y
All
Gearbox Protocol is an innovative decentralized finance (DeFi) platform that allows users to leverage their crypto assets for enhanced trading capabilities. It enables users to borrow against their crypto holdings while providing liquidity to the market. The protocol is built on Ethereum, utilizing smart contracts to facilitate trustless transactions without the need for intermediaries. GEAR, the native token of the Gearbox Protocol, is used for governance, staking, and incentivizing liquidity providers. As of 2024, Gearbox has gained significant traction, boasting a total value locked (TVL) of over $300 million, indicating its growing popularity and utility within the DeFi ecosystem.
Gearbox Protocol was co-founded by a team of experienced blockchain developers and entrepreneurs, including Alexey Arestov, who has a background in software engineering and DeFi development, and Andrey Pritula, who has expertise in product management and crypto markets. Their collective vision is to create a more accessible and efficient DeFi platform, enabling users to maximize the potential of their crypto assets through innovative financial instruments.
Gearbox Protocol operates by allowing users to create leveraged positions on their crypto assets. The process involves several key steps:
This system enables users to engage in more aggressive trading strategies while managing risk through collateral. The protocol's reliance on smart contracts ensures transparency and security in all transactions.
Gearbox Protocol offers various use cases that enhance the DeFi experience:
These use cases demonstrate how Gearbox Protocol empowers users to optimize their financial strategies in the rapidly evolving DeFi landscape.
Ensuring the safety of your assets on Gearbox Protocol involves several best practices:
By adhering to these safety measures, users can significantly mitigate risks while utilizing the Gearbox Protocol.
Investing in Gearbox Protocol (GEAR) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Gearbox Protocol: Once your account is funded, you can purchase Gearbox Protocol directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Gearbox Protocol using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Gearbox Protocol (GEAR) is currently trading at $0.005339 and exhibits good potential for future growth. Check the latest Gearbox Protocol (GEAR) price prediction.
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