Odaily Planet Daily News Modular leverage protocol Gearbox announced on the X platform that the token GEAR has been fully unlocked and 100% circulated, of which 39.8% of the supply is held by DAO, and only about 3% is released each year for various programs and rewards. It is reported that with the reduction of token incentives, TVL will increase from US$17 million in 2023 to US$83 million in 2024. The newly introduced Gauges mechanism in its V3 realizes democratic decision-making on lending rates. Currently, more than 2.8% of GEAR has been pledged. DAO generated approximately US$3 million in revenue in 2024 and spent only US$486,000 on token incentives.