Muggles⚙️🧰 @mugglesect

Everthing Gearbox, Gearbox everything. Here to maximise shareholder value. ⚙️🧰 Joined December 2012

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3Jane @3janexyz

18 hours ago

3Jane is now open to the public Mint USD3 to earn $JANE Liquidity mining details below

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ETHConf @ethconf

2 days ago

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.

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Muggles⚙️🧰 @mugglesect

3 days ago

@grahamfergs @Securitize @0xmikko_eth is in NYC!

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@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.

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Gearbox Protocol @GearboxProtocol

a week ago

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

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Symbiotic @symbioticfi

a week ago

x.com/i/article/2061…

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MilliΞ @llamaonthebrink

a week ago

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!

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Superform @superformxyz

2 weeks ago

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.

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Muggles⚙️🧰 @mugglesect

3 weeks ago

@_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

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Castle Labs 🏰 @castle_labs

3 weeks ago

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/r3278hmn8…

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Agentic Finance Summit @AgenticSummit

3 weeks ago

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

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Muggles⚙️🧰 @mugglesect

a month ago

@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

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Muggles⚙️🧰 @mugglesect

a month ago

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

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DeFi Dad ⟠ defidad.eth @DeFi_Dad

a month ago

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.

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KPK @kpk_io

2 months ago

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.

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Gearbox Protocol @GearboxProtocol

2 months ago

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.

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blocmates. @blocmates

2 months ago

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.

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0xmikko.eth @0xmikko_eth

2 months ago

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.