The Block: Gearbox: Composable Leverage and Capital Efficiency
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.
Additional Info
- Read full article on: The Block
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