Credit is a widely used term, which could essentially be summarised as “more capital so you can do whatever you want”. In DeFi, there are numerous ways of getting exposure to an asset in a leveraged manner: from looping to perpetuals and margin trading, the possibilities are endless (especially when you also account for synthetic versions). Gearbox Protocol aims to create a universal, composable, on-chain ‘credit layer’, through credit account abstraction. This approach simultaneously addresses three concerns: liquidity, security and, ultimately, user experience (UX).
Topics discussed in this episode:
0:00 - Introduction
3:28 - Mikael’s and Ivan’s backgrounds
7:00 - Composable leverage explained
19:07 - Leveraged staking
22:59 - Gearbox credit account
26:19 - Managing smart contract risk
32:27 - Quotas and rate limits
47:09 - Leveraged restaking
57:26 - Governance and safety parameters
1:06:42 - Scaling Gearbox
1:11:19 - Fee structure
Links mentioned in this episode:
- Mikael Lazarev on Twitter: bit.ly/3xazNIn
- Ivan on Twitter: bit.ly/4cljGYu
- Gearbox Protocol on Twitter: bit.ly/4cwWiYj
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay- the world's first Decentralized Payment Network. Get started today at gnosis.io/ -
- Chorus1: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at chorus.one/?ut... -
This episode is hosted by Meher Roy.
Show notes and listening options: epicenter.tv/540
#credit #blockchain #crypto