Gearbox fundamentals

Projects
1

A space to discuss the fundamentals of ‘Gearbox’.

Link to the dashboard: Gearbox (GEAR) - Key metrics | Dashboard | Token Terminal

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2

thank you! always happy to discuss gearbox metrics :heart:

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Token Terminal <> Gearbox | Monthly data update (March 2023)

Chains tracked: Ethereum

Methodology:

  • Active loans: average value of outstanding borrows on Gearbox
  • Fees: total interest + liquidation fees paid by borrowers
  • Supply-side fees: share of interest + liquidation fees that goes to the lenders
  • Revenue: share of interest + liquidation fees that goes to the protocol (GEAR holders)
  • Token incentives: USD value of tokens that have been distributed to incentivise users
  • Earnings: Revenue minus token incentives
  • Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
  • Daily active users: Monthly average number of daily distinct depositors, withdrawers, borrowers and repayers
  • Active developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
  • Code commits: Number of commits to the project’s public GitHub repositories

Metrics (March 2023):

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image888×1116 120 KB

4

Thank you Token Terminal. Me as Gearbox contributor checked numbers and numbers are pretty close to our benchmarks (see Dune dashboard for protocol related data)

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Token Terminal <> Gearbox | Monthly data update (April 2023)

Chains tracked: Ethereum

Methodology:

  • Active loans: Monthly average value of outstanding borrows on Gearbox
  • Fees: Total interest + liquidation fees paid by borrowers
  • Supply-side fees: Share of interest + liquidation fees that goes to the lenders
  • Revenue: Share of interest + liquidation fees that goes to the protocol (GEAR holders)
  • Token incentives: USD value of tokens that have been distributed to incentivise users
  • Earnings: Revenue minus token incentives
  • Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
  • Daily active users: Monthly average number of daily distinct Repayers, Borrowers, Depositors, and Withdrawers
  • Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
  • Code commits: Number of commits to the project’s public GitHub repositories

Metrics (April 2023):

telegram-cloud-photo-size-4-5990190243942349630-y
telegram-cloud-photo-size-4-5990190243942349630-y954×1280 113 KB

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seems numbers are correct

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Token Terminal <> Gearbox | Monthly data update (May 2023)

Chains tracked: Ethereum

Methodology:

  • Active loans: Monthly average value of outstanding borrows on Gearbox
  • Fees: Total interest + liquidation fees paid by borrowers
  • Supply-side fees: Share of interest + liquidation fees that goes to the lenders
  • Revenue: Share of interest + liquidation fees that goes to the protocol (GEAR holders)
  • Token incentives: USD value of tokens that have been distributed to incentivise users
  • Earnings: Revenue minus token incentives
  • Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
  • Daily active users: Monthly average number of daily distinct Repayers, Borrowers, Depositors, and Withdrawers
  • Weekly active users: Monthly average number of weekly distinct Repayers, Borrowers, Depositors, and Withdrawers
  • Monthly active users: Monthly average number of monthly distinct Repayers, Borrowers, Depositors, and Withdrawers
  • Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
  • Code commits: Number of commits to the project’s public GitHub repositories

Metrics (May 2023):

image
image802×1106 134 KB

8

confirm numbers above

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Token Terminal <> Gearbox | Monthly data update (June 2023)

Chains tracked: Ethereum

Methodology:

  • Net deposits: Total value deposited to the protocol
  • Active loans: Monthly average value of outstanding borrows on Gearbox
  • Fees: Total interest + liquidation fees paid by borrowers
  • Supply-side fees: Share of interest + liquidation fees that goes to the lenders
  • Revenue: Share of interest + liquidation fees that goes to the protocol (GEAR holders)
  • Token incentives: USD value of tokens that have been distributed to incentivise users
  • Earnings: Revenue minus token incentives
  • Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
  • Daily active users: Monthly average number of daily distinct Repayers, Borrowers, Withdrawers, and Depositors
  • Weekly active users: Monthly average number of weekly distinct Repayers, Borrowers, Withdrawers, and Depositors
  • Monthly active users: Monthly average number of monthly distinct Repayers, Borrowers, Withdrawers, and Depositors
  • Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
  • Code commits: Number of commits to the project’s public GitHub repositories

Metrics (June 2023):

image
image772×1172 141 KB

10

confirm numbers above