Search results for "GEAR"
Monday
2024/12/02
Gearbox, a decentralized leveraged protocol, announced on X that GEAR has almost entered a practical and fully circulating state. The freely circulating amount has reached its maximum value because 40% of the token shares are held by DAO, not owned by anyone, and will only be used for various donation and sponsorship programs at a rate of 3% per year, which is even lower than the general staking inflation rate of Layer1.
Friday
2024/10/18
OneBlock+ community will hold the 2024 Polkadot Hackerthon (Bangkok Station) final Demo Day in Bangkok, Thailand on November 16.
On November 16th, the OneBlock+ community will host the 2024 Polka Hackerthon final Demo Day in Bangkok, Thailand, providing various assistance to the development teams of the Polkadot ecosystem. The competition sets four main themes, with a total prize pool of $315,000. Bounty sponsors include Vara Network & Gear, CESS Network, Unique, Bifrost, Darwinia Network, Moonbeam, Blockchain for good, etc.
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Gearbox: GEAR token has been fully unlocked, with 39.8% of the supply held by DAO.
The modular leveraged protocol Gearbox's Token GEAR has been fully unlocked, with DAO holding 39.8% of the supply, releasing only about 3% annually for plans and rewards. By 2024, TVL increased from $17 million to $83 million, and the Gauges mechanism introduced in V3 achieved democratic decision-making on loan interest rates. The DAO's income in 2024 was about $3 million, with token incentives costing only $486,000.
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