Basic Information
| Information | Details |
|---|---|
| Project Name | Gearbox Protocol |
| Project Website | https://gearbox.finance |
| Project Description | Gearbox Protocol is a decentralized leverage protocol that allows users to utilize leverage in a composable manner across various DeFi platforms. |
| Project Ticker | GEAR |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | tester / retroactive |
| Total Airdrop Amount | Not Known |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | December 6, 2021 (Discord Legends), December 7, 2021 (Early App Testers) |
| Claiming Started | December 9, 2022 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | 350,000+ GEAR (for users eligible for multiple categories) |
| Median/Average | Not Known |
| Minimum | 20,000 GEAR (minimum allocation for eligible testers) |
Eligibility Criteria
The airdrop was distributed to various categories of community members:
- Credit Account Mining: 5% of the total supply. 5,000 addresses received 100,000 GEAR each.
- Early App Testers:
- 2–10 actions → 20,000 GEAR
- 11–21 actions → 30,000 GEAR
- 22+ actions → 100,000 GEAR
- Snapshot block: Kovan block 28668076 (December 7, 2021)
- Early Discord Legends:
- Top 100 users → 250,000 GEAR
- Ranks 101–251 → 100,000 GEAR
- Ranks 252–502 → 30,000 GEAR
- Snapshot date: Evening of December 6, 2021
Additional criteria:
- Community members (Discord, testers, early app users) received the largest allocations and had no vesting.
- Team, investors, and core contributors have long vesting periods (minimum 1 year).
- Governance voting weights for early contributors were significantly reduced to prevent whale dominance.
Important Links
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Official Website: Gearbox Protocol
- Documentation: docs.gearbox.finance
- Governance Forum: gov.gearbox.fi
- Blog Announcement: Medium - GEAR Token Launch
- Snapshot Page: snapshot.org/#/gearbox.eth
- Github Repo: github.com/Gearbox-protocol
Additional Information
- GEAR Token Supply: 10 billion (capped, cannot be changed).
- GEAR started as a non-transferable governance token (can only be changed by DAO governance).
- Governance Model:
- Delegation available for efficient community decision-making.
- 3-day minimum voting period.
- Minimum 0.02% of total supply required to submit a proposal.
- Quorum requirement: 2% of total supply.
- Company wallet & DAO wallet cannot vote.
- Reverse Voting Escrow Model:
- Core contributors have reduced voting power (x0.125 - x0.25 multipliers) to prevent governance centralization.
- Community members hold higher voting power (x1 multiplier).
- Transparency:
- All vesting contracts and distribution details can be verified on-chain:
- Public Snapshot & Wallet Data: