Gearbox: GEAR token has been fully unlocked, with 39.8% of the supply held by DAO.

DailyNews

2024-09-27 15:11:33

X5,7%

Odaily Planet Daily News Modular Leveraged protocol Gearbox announced on the X platform that Token GEAR has been fully unlocked, with 100% circulation. 39.8% of the supply is held by DAO, with only about 3% released annually for various plans and rewards. It is reported that, with the reduction of Token incentives, the TVL increased from $17 million in 2023 to $83 million in 2024. The new Gauges mechanism introduced in V3 realizes the democratic decision-making of borrowing Intrerest Rate. Currently, over 2.8% of GEAR has been staked. DAO generated approximately $3 million in revenue in 2024, with only $486,000 spent on Token incentives.

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Blduyy

· 2024-09-27 15:25

To Da Moon 🌕

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