# Gearbox Protocol > Tokenisation Lending Stack Gearbox Protocol is an onchain lending and leverage protocol. Lenders earn yield in pools while borrowers use Credit Accounts for margin trading, leveraged yield farming, and credit across DeFi protocols and tokenized assets. Gearbox Protocol is an onchain lending and leverage protocol that connects passive lenders with borrowers who take leveraged positions. Lenders deposit assets into pools and earn yield from borrower interest. Borrowers use Credit Accounts, smart-contract accounts that hold collateral and debt, to deploy borrowed capital across integrated DeFi protocols and tokenized assets. Each Credit Account can interact only with approved protocols, and every action is checked against collateral values, liquidation thresholds, and market rules to keep the account solvent. One pool can fund several isolated markets, each with its own debt ceiling, so losses in a riskier strategy stay capped. Positions are spot leverage, so borrowers pay pool interest rather than funding rates. Users can margin trade on DEXs, leverage farm in liquidity pools, and leverage stake through liquid staking protocols. Through Gearbox Permissionless, curators deploy and manage their own lending markets, setting assets, rates, and risk parameters without holding user funds. Segregated accounts with allowlists and transfer controls support credit for tokenized securities and stablecoins. The protocol is used by lenders, leveraged traders, curators, and asset issuers. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-12-01 - Profile: https://thegrid.id/profiles/gearbox_protocol ## Products - [Gearbox Protocol](https://thegrid.id/profiles/gearbox_protocol): Gearbox Protocol is an onchain lending and leverage protocol where lenders deposit assets into pools and earn the interest paid by borrowers. Borrowers open Credit Accounts that hold collateral and debt and can act only on approved protocols, with solvency checks and liquidations protecting the pool. Curators deploy their own markets on the same contracts, setting assets, debt ceilings, rates, and oracle rules. (Decentralised Borrowing & Lending, Live, Main Product) ## Assets - [Gearbox (GEAR)](https://thegrid.id/profiles/gearbox_protocol): GEAR is the governance token of Gearbox Protocol. It is used for voting on protocol upgrades, treasury allocations, and the extra rates borrowers pay for different assets. Unlike standard vote-escrow designs that reward longer locks, it reduces the voting weight of early contributors to give the wider community more influence. (Governance) ## Links - [Main](https://gearbox.finance) - [Documentation](https://docs.gearbox.finance) - [Blog](https://blog.gearbox.finance) - [Privacy policy](https://gearbox.finance/privacy) - [Terms of Service](https://gearbox.finance/terms) - [Governance](https://snapshot.box/#/s:gearbox.eth) - [Twitter / X](https://x.com/GearboxProtocol) - [Telegram](https://t.me/GearboxProtocol) - [GitHub](https://github.com/Gearbox-protocol) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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