Modular leverage protocol Gearbox announced on the X platform that the token GEAR has been fully unlocked and 100% in circulation, of which 39.8% of the supply is held by the 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 increased from $17 million in 2023 to $83 million in 2024. The newly introduced Gauges mechanism in V3 realizes democratic decision-making on lending rates. Currently, more than 2.8% of GEAR has been staked. DAO generated about $3 million in revenue in 2024 and spent only $486,000 in token incentives. #DYOR42711