The Gearbox Protocol plans to release the V3 upgrade in the second quarter of this year

2023-03-14 09:38:16

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ChainCatcher news, the DeFi leverage protocol Gearbox Protocol has announced its V3 upgrade, which will build on the V2 features and introduce new liquidity pools, tokens, and immutable smart contracts.

In the V3 version, liquidity pool providers will have the option to remain in the existing main blue-chip lending pool or transfer to the new "Alpha Passive" lending pool. The upgrade will allow liquidity providers to choose higher risk exposure and earn higher APY. Additionally, the V3 upgrade brings "minimum viable token economics" for the protocol's native token GEAR, allowing GEAR stakers to decide the direction of Alpha pool earnings and how they are distributed.

It is reported that the Gearbox V3 upgrade code is currently under review, and the team may release it by the end of the second quarter, but the final timing has not been confirmed. (source link)

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Gearbox Protocol V3

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