- Curators may now create custom lending markets by using this distinctive, institutional-grade lending infrastructure .
- Over the course of seven months, Gearbox users have created $2.8 billion in trading volume across Ethereum DEXs.
Gearbox Protocol, which has a USDC vault curated by Re7 Labs, has debuted on Etherlink. The deployment uses treasury-backed tokens like mTBILL, mBASIS, and mRe7YIELD to provide institutional-grade strategies to the Tezos Layer 2.
As DeFi’s credit layer, Gearbox links customers looking for composable leverage across return-generating options with passive liquidity providers. Curators may now create custom lending markets by using this distinctive, institutional-grade lending infrastructure thanks to the introduction of permissionless.
“We’ve been looking for the right L2 to expand Gearbox Permissionless, and Etherlink’s performance metrics and ecosystem convinced us,” said Mikhail Lazarev, Founder and CTO at Gearbox Protocol. “When you can get soft confirmations in under 500ms with fees that are negligible, combined with well-known DeFi protocols, it opens up entirely new possibilities for capital efficiency in leveraged strategies.”
As a vault curator, Re7 Labs contributes substantial experience, overseeing more than 700 million TVL over more than 100 pools on 14 blockchains. Re7, one of the leading DeFi curators in the world, uses unique risk management frameworks to generate profits. In order to increase underlying returns while upholding cautious risk criteria, the vault technique loops return-bearing tokens against USDC.
Evgeny Gokhberg, Managing Partner at Re7 Capital, said: “Etherlink’s infrastructure and Gearbox’s credit layer give us the ideal foundation to scale our strategies. We’re bringing institutional-grade yield to a new audience with the same discipline and risk management we apply across $1B+ in DeFi capital.”
Incentives from Apple Farm Season 2 and GEAR token payouts from the Gearbox DAO will also help the vault. Over the course of seven months, Gearbox users have created $2.8 billion in trading volume across Ethereum DEXs, and the protocol’s TVL increased by 230% to $400 million in H1 2025.
“Having Gearbox launch on Etherlink was a big win for us,” said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. “They bring serious institutional credibility, four years, zero hacks, $400 million TVL, and a product that will give real value to Etherlink users.”
For more over four years, Gearbox has had a perfect security record with no vulnerabilities or bad debt. The protocol operates under stringent governance mechanisms with 24-hour timelocks for vault parameter changes, and it has made large investments in audits by respectable firms.
Following the successful launch of Apple Farm Season 2 with over $3 million in incentives, the integration of Curve Finance to enable low-slippage stablecoin swaps, the launch of Liquid Bitcoin (LBTC) by Lombard Finance, and a 68.4% TVL increase in July that placed Etherlink among the fastest-rising Layer 2s, the Gearbox deployment comes after a period of significant momentum for Etherlink.
Through Credit Accounts and carefully chosen vaults overseen by knowledgeable asset managers, the decentralized credit layer known as Gearbox Protocol makes it possible to use composable leverage across DeFi possibilities.
