Curated permissionlessly, @cp0xdotcom's restaking market is now live on Gearbox.
🏦 Lend wstETH to earn passive yields and 400K GEAR Tokens
🔁 Or borrow it to access leverage on cp0x LRT
With an additional 1% APY boost for the borrowers. Complete details below. 🧵⚙️🧰
❔ About
This deployment is powered by the Gearbox Permissionless codebase, enabling curators to set up lending markets by leveraging Gearbox’s audited and battle-tested protocol.
But what does this cp0xs market offer? Read below.
🏦 wstETH Lending: Passive ETH yields
Lending on Gearbox is as simple as Lend -> Earn -> Withdraw. You can deposit wstETH, earn yields generated via borrow fee and withdraw whenever. Making lending truly passive.
🔗:
❔ Why Lend on Gearbox?
• No Impermanent Loss: Deposit a single asset and earn interest.
• No Platform Fees: No lending fees or withdrawal penalties.
• No Lockups: Withdraw anytime, subject only to available pool liquidity.
• Isolated Risk: Each borrower is isolated.
🎁 Lending Incentives
The wstETH pool comes with GEAR incentives for the first month, these will be provided additional to the yield and are in place to bootstrap the pool.
Currently, this equates to 7.1% APY:
🧑🌾 Leverage Farm: cp0x LRT
cp0x is a crypto-native community of power users and are key delegates of Lido, Obol and Arbitrum. With up to 20X leverage, leveraging the cp0xLRT yields up to
• 19% APY
• 9.5X @symbioticfi + 19X @mellowprotocol Points
🔗:
↔️ Withdrawals and deposits
Users can mint the leveraged position natively on Mellow and execute without any slippage. Withdrawals for the strategy will be going live in 2 weeks but users can close their position by repaying debt.
🎁 Borrower Incentives
The first 500 wstETH borrowed and utilised to mint cp0xLRT on Mellow will receive a 1% APY boost for the first month.
Borrowers making use of the boost will be eligible for 50% of the points their position earns.
🛡️ Battle-Tested Gearbox
The protocol has been battle-tested for 3+ years and has never faced any exploits. It is further secured by
• 10+ Audits and $3M spent on security
• Whitehack bug bounties
• AI-based monitoring tools
And risk curation by @cp0xdotcom.
📰 Stop Reading, Start Earning
The 1% additional boost for the first month enables borrowers to earn outsized yields with the peace of reserve oracles and safety of @mellowprotocol.
Make the most of opportunities unlocked by cp0x here: ⚙️🧰
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