What is Gearbox?

Gearbox is a leverage protocol designed for decentralized finance (DeFi) applications. It enables users to take leverage and use it across different DeFi protocols, facilitating enhanced trading and farming capabilities. The protocol supports two primary user roles: passive liquidity providers who earn higher annual percentage yields, and active participants who can borrow assets for leveraged activities.

The architecture allows for composability, enabling integration within other decentralized applications. The aim is to provide backend leverage capabilities that users can access without direct interaction with a user interface. Gearbox effectively acts as a foundational component for users looking to implement leverage functionalities in their own DeFi projects.