Imagine if, instead of opening a new tab, you had to launch an entirely new browser just to visit another webpage. Sounds like terrible UX? It is! And yet, most permissionless lending markets deliver the same experience. 🆘 The UX problem of Permissionless Lending Markets Most permissionless lending protocols treat lending markets like Uniswap pairs, every possible asset pair needs its own separate market. Want to lend USDC against 5 different LRTs? That’s 5 separate markets. Scale that to 100 assets and 3 debt tokens and you’re suddenly juggling 300 isolated pools. Each one manually created, managed, and rebalanced, and that's where the UX breaks down! 🫗 Fragmented Liquidity between Curated pools Curated pools offer institutional-grade lending experiences. But with isolated markets, liquidity gets spread thin. Supplying USDC to 100 pools? You still have to manage the USDC liquidity separately in each one. The result? Lenders and curators spend more time on liquidity ops than on risk management. That’s not scale. That’s fragmentation disguised as flexibility. 🌊 Unified Liquidity: Permissionless Gearbox Gearbox takes a different approach. • Lenders deposit into a single pool. Borrowers, instead of interacting with shared pools, borrow assets to their isolated Credit Accounts (CAs). • Curators configure which assets can be used as collateral within these CAs, enabling isolated risk management without fragmenting liquidity. The result? No need to create 100 new markets just to support 100 new assets. One lending pool, many markets. Zero chaos. And it’s all going live soon with Permissionless Gearbox. ⚙️🧰