Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Gearbox Protocol: 'DeFi Is Boring, Let's Reinvent Credit' - Ivan & Mikael Lazarev

Episode Summary

We were joined by Mikael Lazarev and Ivan from Gearbox Protocol, to discuss how they aim to create a universal and composable on-chain credit layer, through credit account abstraction.

Episode Notes

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 covered in this episode:

• Mikael’s and Ivan’s backgrounds
• Composable leverage explained
• Leveraged staking
• Gearbox credit account
• Managing smart contract risk
• Quotas and rate limits
• Leveraged restaking
• Governance and safety parameters
• Scaling Gearbox
• Fee structure

Episode links:

• Mikael Lazarev on Twitter
• Ivan on Twitter
• Gearbox Protocol on Twitter

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: Chorus1 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

This episode is hosted by Meher Roy.