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Gearbox: Composable Leverage and Capital Efficiency

January 12, 2022, 12:50PM EST • 5 min read Quick take Over-collateralized loans on platforms like Maker, Compound, and Aave have seen significant growth in recent years.  Undercollateralized lending improves capital efficiency and unlocks powerful financial mechanisms but remains largely unexplored in DeFi. Gearbox is a generalized leverage protocol that offers undercollateralized loans using a new DeFi primitive called credit accounts. Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, …